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CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 9 Months Ended
Jul. 30, 2023
Jul. 31, 2022
Jul. 30, 2023
Jul. 31, 2022
Income Statement [Abstract]        
Net Sales $ 2,963,299 $ 3,034,414 $ 8,911,930 $ 9,175,331
Cost of Products Sold 2,465,251 2,528,364 7,426,514 7,577,062
Gross Profit 498,048 506,049 1,485,417 1,598,269
Selling, General, and Administrative 291,073 222,147 725,621 672,777
Equity in Earnings of Affiliates 9,784 7,138 42,213 19,951
Operating Income 216,759 291,040 802,009 945,443
Interest and Investment Income 9,239 14,411 20,700 20,078
Interest Expense 18,372 15,615 55,042 44,913
Earnings Before Income Taxes 207,626 289,836 767,666 920,608
Provision for Income Taxes 45,055 71,010 170,230 200,393
Net Earnings 162,571 218,826 597,437 720,215
Less: Net Earnings (Loss) Attributable to Noncontrolling Interest (108) (89) (200) 112
Net Earnings Attributable to Hormel Foods Corporation $ 162,679 $ 218,915 $ 597,637 $ 720,103
Net Earnings Per Share        
Basic (in dollars per share) $ 0.30 $ 0.40 $ 1.09 $ 1.32
Diluted (in dollars per share) $ 0.30 $ 0.40 $ 1.09 $ 1.31
Weighted-average Shares Outstanding        
Basic (in shares) 546,358 546,077 546,389 544,486
Diluted (in shares) 548,637 550,167 549,227 549,377