ACQUISITIONS AND DIVESTITURES (Tables)

9 Months Ended

Jul. 25, 2021

Schedule of Preliminary Purchase Allocation

Preliminary allocations of the purchase price to acquired assets, including goodwill and intangibles assets, is presented in the table below. The Company expects to finalize purchase allocations as soon as practicable, but no later than one year from the acquisition date.


(in thousands)	Preliminary Purchase Allocation
Inventory	$	149,224
Property, Plant and Equipment	162,091
Goodwill	2,286,932
Other Intangibles	798,000
Purchase Price	$	3,396,246

Schedule of Unaudited Pro Forma Financial Information

The following unaudited pro forma financial information presents the combined results of operations as if the acquisition of the Planters® snack nuts business had occurred on October 27, 2019. These unaudited pro forma results do not necessarily reflect the actual results of operations that would have been achieved had the acquisition occurred on that date, nor are they necessarily indicative of future results of operations.


	Thirteen Weeks Ended				Thirty-Nine Weeks Ended
(in thousands)	July 25, 2021		July 26, 2020		July 25, 2021		July 26, 2020
Pro Forma Net Sales	$	2,981,630	$	2,635,561	$	8,606,935	$	7,983,636
Pro Forma Net Earnings Attributable to Hormel Foods Corporation	215,983		211,135		704,143		664,304