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CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
shares in Thousands, $ in Thousands
12 Months Ended
Oct. 28, 2018
Oct. 29, 2017
Oct. 30, 2016
[1]
Income Statement [Abstract]      
Net sales $ 9,545,700 $ 9,167,519 $ 9,523,224
Cost of products sold 7,550,267 7,164,356 7,365,049
Gross Profit 1,995,433 2,003,163 2,158,175
Selling, general and administrative 838,205 762,104 871,974
Goodwill/intangible impairment 17,279 180 991 [2]
Equity in earnings of affiliates 58,972 39,590 38,685
Operating Income 1,198,921 1,280,469 1,323,895
Other income and expense:      
Interest and investment income 8,857 10,859 6,191
Interest expense (26,494) (12,683) (12,871)
Earnings Before Income Taxes 1,181,284 1,278,645 1,317,215
Provision for income taxes 168,702 431,542 426,698
Net Earnings 1,012,582 847,103 890,517 [2],[3]
Less: Net earnings attributable to noncontrolling interest 442 368 465
Net Earnings Attributable to Hormel Foods Corporation $ 1,012,140 $ 846,735 $ 890,052
Net Earnings per Share:      
Basic (in dollars per share) $ 1.91 $ 1.60 $ 1.68
Diluted (in dollars per share) $ 1.86 $ 1.57 $ 1.64
Weighted-Average Shares Outstanding:      
Basic (in shares) 530,742 528,363 529,290
Diluted (in shares) 543,869 539,116 542,473
[1] Fiscal 2016 included 53 weeks.
[2] Fiscal 2016 included 53 weeks.
[3] Fiscal 2016 included 53 weeks.