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CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 9 Months Ended
Jul. 31, 2022
Jul. 25, 2021
Jul. 31, 2022
Jul. 25, 2021
Income Statement [Abstract]        
Net Sales $ 3,034,414 $ 2,863,670 $ 9,175,331 $ 7,931,438
Cost of Products Sold 2,528,364 2,440,322 7,577,062 6,581,613
Gross Profit 506,049 423,348 1,598,269 1,349,825
Selling, General and Administrative 222,147 226,284 672,777 622,630
Equity in Earnings of Affiliates 7,138 10,420 19,951 37,722
Operating Income 291,040 207,484 945,443 764,917
Interest and Investment Income 14,411 8,457 20,078 36,740
Interest Expense 15,615 11,703 44,913 27,718
Earnings Before Income Taxes 289,836 204,238 920,608 773,940
Provision for Income Taxes 71,010 27,164 200,393 146,549
Net Earnings 218,826 177,074 720,215 627,390
Less: Net Earnings (Loss) Attributable to Noncontrolling Interest (89) 157 112 290
Net Earnings Attributable to Hormel Foods Corporation $ 218,915 $ 176,917 $ 720,103 $ 627,101
Net Earnings Per Share        
Basic (in dollars per share) $ 0.40 $ 0.33 $ 1.32 $ 1.16
Diluted (in dollars per share) $ 0.40 $ 0.32 $ 1.31 $ 1.15
Weighted-average Shares Outstanding        
Basic (in shares) 546,077 541,746 544,486 540,618
Diluted (in shares) 550,167 548,072 549,377 547,684