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CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 6 Months Ended
May 01, 2022
Apr. 25, 2021
May 01, 2022
Apr. 25, 2021
Income Statement [Abstract]        
Net Sales $ 3,096,559 $ 2,606,621 $ 6,140,917 $ 5,067,768
Cost of Products Sold 2,543,088 2,130,314 5,048,697 4,141,291
Gross Profit 553,471 476,307 1,092,220 926,477
Selling, General and Administrative 224,659 199,966 450,631 396,346
Equity in Earnings of Affiliates 5,916 13,074 12,814 27,302
Operating Income 334,728 289,415 654,402 557,433
Other Income and Expense:        
Interest and Investment Income 1,799 10,992 5,668 28,284
Interest Expense 14,658 7,788 29,298 16,015
Earnings Before Income Taxes 321,868 292,620 630,772 569,702
Provision for Income Taxes 60,189 64,699 129,383 119,386
Net Earnings 261,679 227,921 501,389 450,316
Less: Net Earnings (Loss) Attributable to Noncontrolling Interest 62 21 201 133
Net Earnings Attributable to Hormel Foods Corporation $ 261,617 $ 227,901 $ 501,188 $ 450,184
Net Earnings Per Share        
Basic (in dollars per share) $ 0.48 $ 0.42 $ 0.92 $ 0.83
Diluted (in dollars per share) $ 0.48 $ 0.42 $ 0.91 $ 0.82
Weighted-average Shares Outstanding        
Basic (in shares) 544,702 540,195 543,691 540,054
Diluted (in shares) 550,036 547,536 548,982 547,490