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Consolidated Statements of Operations - USD ($)
shares in Thousands, $ in Thousands
12 Months Ended
Oct. 29, 2023
Oct. 30, 2022
Oct. 31, 2021
Income Statement [Abstract]      
Net Sales $ 12,110,010 $ 12,458,806 $ 11,386,189
Cost of Products Sold 10,110,169 10,294,120 9,458,283
Gross Profit 1,999,841 2,164,686 1,927,906
Selling, General, and Administrative 942,167 879,265 853,071
Equity in Earnings of Affiliates 42,754 27,185 47,763
Goodwill and Intangible Impairment 28,383 0 0
Operating Income 1,072,046 1,312,607 1,122,599
Interest and Investment Income 14,828 28,012 46,878
Interest Expense 73,402 62,515 43,307
Earnings Before Income Taxes 1,013,472 1,278,103 1,126,170
Provision for Income Taxes 220,552 277,877 217,029
Net Earnings 792,920 1,000,226 909,140
Less: Net Earnings (Loss) Attributable to Noncontrolling Interest (653) 239 301
Net Earnings Attributable to Hormel Foods Corporation $ 793,572 $ 999,987 $ 908,839
Net Earnings Per Share:      
Basic (in dollars per share) $ 1.45 $ 1.84 $ 1.68
Diluted (in dollars per share) $ 1.45 $ 1.82 $ 1.66
Weighted-average Shares Outstanding:      
Basic (in shares) 546,421 544,918 541,114
Diluted (in shares) 548,982 549,566 547,580