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CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 6 Months Ended
Apr. 30, 2023
May 01, 2022
Apr. 30, 2023
May 01, 2022
Income Statement [Abstract]        
Net Sales $ 2,977,639 $ 3,096,559 $ 5,948,632 $ 6,140,917
Cost of Products Sold 2,486,220 2,543,088 4,961,263 5,048,697
Gross Profit 491,419 553,471 987,369 1,092,220
Selling, General, and Administrative 212,492 224,659 434,548 450,631
Equity in Earnings of Affiliates 16,870 5,916 32,429 12,814
Operating Income 295,798 334,728 585,250 654,402
Interest and Investment Income 1,365 1,799 11,461 5,668
Interest Expense 18,323 14,658 36,670 29,298
Earnings Before Income Taxes 278,839 321,868 560,041 630,772
Provision for Income Taxes 61,624 60,189 125,175 129,383
Net Earnings 217,215 261,679 434,866 501,389
Less: Net Earnings (Loss) Attributable to Noncontrolling Interest (24) 62 (92) 201
Net Earnings Attributable to Hormel Foods Corporation $ 217,239 $ 261,617 $ 434,958 $ 501,188
Net Earnings Per Share        
Basic (in dollars per share) $ 0.40 $ 0.48 $ 0.80 $ 0.92
Diluted (in dollars per share) $ 0.40 $ 0.48 $ 0.79 $ 0.91
Weighted-average Shares Outstanding        
Basic (in shares) 546,424 544,702 546,404 543,691
Diluted (in shares) 549,013 550,036 549,522 548,982