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CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended
Jan. 27, 2019
Jan. 28, 2018
[1]
Income Statement [Abstract]    
Net sales $ 2,360,355 $ 2,331,293
Cost of products sold 1,872,021 1,832,997
GROSS PROFIT 488,334 498,296
Selling, general and administrative 193,544 219,872
Equity in earnings of affiliates 11,458 23,531
OPERATING INCOME 306,248 301,955
Other income and expense:    
Interest and investment income 6,874 7,939
Interest expense (6,147) (4,729)
EARNINGS BEFORE INCOME TAXES 306,975 305,165
Provision for income taxes 65,456 1,954
NET EARNINGS 241,519 303,211
Less: Net earnings attributable to noncontrolling interest 94 104
NET EARNINGS ATTRIBUTABLE TO HORMEL FOODS CORPORATION $ 241,425 $ 303,107
NET EARNINGS PER SHARE:    
BASIC (in dollars per share) $ 0.45 $ 0.57
DILUTED (in dollars per share) $ 0.44 $ 0.56
WEIGHTED-AVERAGE SHARES OUTSTANDING:    
BASIC (in shares) 534,495 529,453
DILUTED (in shares) 547,118 543,482
[1] Adjusted due to the adoption of Accounting Standards Update (ASU) 2017-07, Compensation - Retirement Benefits: Improving the Presentation of Net Periodic Pension Cost and Net Periodic Postretirement Benefit Cost (Topic 715). See Note A - General.