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Consolidated Statements of Operations - USD ($)
shares in Thousands, $ in Thousands
12 Months Ended
Oct. 27, 2024
Oct. 29, 2023
Oct. 30, 2022
Income Statement [Abstract]      
Net Sales $ 11,920,797 $ 12,110,010 $ 12,458,806
Cost of Products Sold 9,898,659 10,110,169 10,294,120
Gross Profit 2,022,138 1,999,841 2,164,686
Selling, General, and Administrative 1,005,294 942,167 879,265
Equity in Earnings of Affiliates 51,088 42,754 27,185
Goodwill and Intangible Impairment 0 28,383 0
Operating Income 1,067,932 1,072,046 1,312,607
Interest and Investment Income 48,396 14,828 28,012
Interest Expense 80,894 73,402 62,515
Earnings Before Income Taxes 1,035,434 1,013,472 1,278,103
Provision for Income Taxes 230,803 220,552 277,877
Net Earnings 804,631 792,920 1,000,226
Less: Net Earnings (Loss) Attributable to Noncontrolling Interest (407) (653) 239
Net Earnings Attributable to Hormel Foods Corporation $ 805,038 $ 793,572 $ 999,987
Net Earnings Per Share:      
Basic (in dollars per share) $ 1.47 $ 1.45 $ 1.84
Diluted (in dollars per share) $ 1.47 $ 1.45 $ 1.82
Weighted-average Shares Outstanding:      
Basic (in shares) 548,129 546,421 544,918
Diluted (in shares) 548,832 548,982 549,566