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CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 6 Months Ended
Apr. 25, 2021
Apr. 26, 2020
Apr. 25, 2021
Apr. 26, 2020
Income Statement [Abstract]        
Net Sales $ 2,606,621 $ 2,422,465 $ 5,067,768 $ 4,806,899
Cost of Products Sold 2,130,314 1,945,113 4,141,291 3,861,127
Gross Profit 476,307 477,352 926,477 945,773
Selling, General and Administrative 199,966 193,912 396,346 389,433
Equity in Earnings of Affiliates 13,074 10,021 27,302 17,608
Operating Income 289,415 293,460 557,433 573,948
Other Income and Expense:        
Interest and Investment Income (Expense) 10,992 (3,474) 28,284 9,777
Interest Expense (7,788) (3,497) (16,015) (7,074)
Earnings Before Income Taxes 292,620 286,489 569,702 576,651
Provision for Income Taxes 64,699 58,873 119,386 106,083
Net Earnings 227,921 227,615 450,316 470,568
Less: Net Earnings (Loss) Attributable to Noncontrolling Interest 21 (119) 133 (39)
Net Earnings Attributable to Hormel Foods Corporation $ 227,901 $ 227,734 $ 450,184 $ 470,606
Net Earnings Per Share        
Basic (in dollars per share) $ 0.42 $ 0.42 $ 0.83 $ 0.88
Diluted (in dollars per share) $ 0.42 $ 0.42 $ 0.82 $ 0.86
Weighted-average Shares Outstanding        
Basic (in shares) 540,195 538,119 540,054 536,597
Diluted (in shares) 547,536 546,373 547,490 545,594