Quarterly Results of Operations (Unaudited) (Tables)

12 Months Ended

Oct. 27, 2019

Quarterly Financial Information Disclosure [Abstract]

Schedule of unaudited quarterly results of operations

The following tabulations reflect the unaudited quarterly results of operations for the years ended October 27, 2019, and October 28, 2018. 

(in thousands, except per share data)	Net Sales		Gross Profit(3)		Net Earnings		Net Earnings Attributable to Hormel Foods Corporation(1)		Basic Earnings Per Share		Diluted Earnings Per Share(2)
2019
First Quarter	$	2,360,355	$	488,334	$	241,519	$	241,425	$	0.45	$	0.44
Second Quarter	2,344,744		469,149		282,636		282,429		0.53		0.52
Third Quarter	2,290,705		433,442		199,427		199,449		0.37		0.37
Fourth Quarter	2,501,513		493,723		255,566		255,503		0.48		0.47
2018
First Quarter	$	2,331,293	$	498,296	$	303,211	$	303,107	$	0.57	$	0.56
Second Quarter	2,330,568		492,803		237,522		237,384		0.45		0.44
Third Quarter	2,359,142		455,046		210,353		210,243		0.40		0.39
Fourth Quarter	2,524,697		533,328		261,496		261,406		0.49		0.48

(1) Excludes net earnings attributable to the Company’s noncontrolling interests.

(2) Quarterly amounts are independently computed and may not add to the annual amounts.

(3) Fiscal 2018 adjusted due to the adoption of ASU 2017-07. See Note A - Summary of Significant Accounting Policies.