XML 39 R25.htm IDEA: XBRL DOCUMENT v3.20.2
Quarterly Results of Operations (Unaudited)
12 Months Ended
Oct. 25, 2020
Quarterly Financial Information Disclosure [Abstract]  
Quarterly Results of Operations (Unaudited)
Quarterly Results of Operations (Unaudited)
The following tabulations reflect the unaudited quarterly results of operations for the years ended October 25, 2020, and October 27, 2019. 
(in thousands, except per share data)Net SalesGross
Profit
Net
Earnings
Net Earnings
Attributable to
Hormel Foods
Corporation(1)
Basic
Earnings
Per Share
Diluted
Earnings
Per Share(2)
2020      
First Quarter$2,384,434 $468,421 $242,953 $242,872 $0.45 $0.45 
Second Quarter2,422,465 477,352 227,615 227,734 0.42 0.42 
Third Quarter2,381,457 422,426 203,260 203,119 0.38 0.37 
Fourth Quarter2,420,105 457,765 234,526 234,356 0.43 0.43 
2019
First Quarter$2,360,355 $488,334 $241,519 $241,425 $0.45 $0.44 
Second Quarter2,344,744 469,149 282,636 282,429 0.53 0.52 
Third Quarter2,290,705 433,442 199,427 199,449 0.37 0.37 
Fourth Quarter2,501,513 493,723 255,566 255,503 0.48 0.47 
 
(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.