Acquisitions and Divestitures (Tables)

12 Months Ended

Oct. 30, 2022

Business Combination and Asset Acquisition [Abstract]

Schedule of allocation of purchase price

Allocations of the purchase price to acquired assets, including goodwill and intangibles assets, are presented in the table below.

In thousands	Purchase Price Allocation
Inventory		$	149,224
Property, Plant, and Equipment		170,958
Goodwill		2,313,064
Other Intangibles:
Tradenames		712,000
Customer Relationships		51,000
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.

	Fiscal Year Ended
In thousands	October 31, 2021		October 25, 2020
Pro Forma Net Sales	$	12,061,686	$	10,657,992
Pro Forma Net Earnings Attributable to Hormel Foods Corporation	985,881		934,783