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CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 6 Months Ended
Apr. 28, 2024
Apr. 30, 2023
Apr. 28, 2024
Apr. 30, 2023
Income Statement [Abstract]        
Net Sales $ 2,887,352 $ 2,977,639 $ 5,884,263 $ 5,948,632
Cost of Products Sold 2,383,546 2,486,220 4,871,723 4,961,263
Gross Profit 503,806 491,419 1,012,539 987,369
Selling, General, and Administrative 266,668 212,492 507,054 434,548
Equity in Earnings of Affiliates 15,182 16,870 31,273 32,429
Operating Income 252,320 295,798 536,758 585,250
Interest and Investment Income 13,497 1,365 32,932 11,461
Interest Expense 21,679 18,323 40,005 36,670
Earnings Before Income Taxes 244,139 278,839 529,685 560,041
Provision for Income Taxes 54,931 61,624 121,749 125,175
Net Earnings 189,207 217,215 407,936 434,866
Less: Net Earnings (Loss) Attributable to Noncontrolling Interest (70) (24) (204) (92)
Net Earnings Attributable to Hormel Foods Corporation $ 189,278 $ 217,239 $ 408,140 $ 434,958
Net Earnings Per Share        
Basic (in dollars per share) $ 0.35 $ 0.40 $ 0.75 $ 0.80
Diluted (in dollars per share) $ 0.34 $ 0.40 $ 0.74 $ 0.79
Weighted-average Shares Outstanding        
Basic (in shares) 547,868 546,424 547,444 546,404
Diluted (in shares) 548,685 549,013 548,303 549,522