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Consolidated Statements of Operations - USD ($)
shares in Thousands, $ in Thousands
12 Months Ended
Oct. 30, 2022
Oct. 31, 2021
Oct. 25, 2020
Income Statement [Abstract]      
Net Sales $ 12,458,806 $ 11,386,189 $ 9,608,462
Cost of Products Sold 10,294,120 9,458,283 7,782,498
Gross Profit 2,164,686 1,927,906 1,825,963
Selling, General, and Administrative 879,265 853,071 761,315
Equity in Earnings of Affiliates 27,185 47,763 35,572
Operating Income 1,312,607 1,122,599 1,100,220
Interest and Investment Income 28,012 46,878 35,596
Interest Expense 62,515 43,307 21,069
Earnings Before Income Taxes 1,278,103 1,126,170 1,114,747
Provision for Income Taxes 277,877 217,029 206,393
Net Earnings 1,000,226 909,140 908,354
Less: Net Earnings Attributable to Noncontrolling Interest 239 301 272
Net Earnings Attributable to Hormel Foods Corporation $ 999,987 $ 908,839 $ 908,082
Net Earnings Per Share:      
Basic (in dollars per share) $ 1.84 $ 1.68 $ 1.69
Diluted (in dollars per share) $ 1.82 $ 1.66 $ 1.66
Weighted-average Shares Outstanding:      
Basic (in shares) 544,918 541,114 538,007
Diluted (in shares) 549,566 547,580 546,592