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CONSOLIDATED STATEMENTS OF OPERATIONS (USD $)
In Thousands, except Per Share data, unless otherwise specified
3 Months Ended
Jan. 29, 2012
Jan. 30, 2011
Net sales $ 2,039,439 $ 1,921,558
Cost of products sold 1,702,030 1,547,553
GROSS PROFIT 337,409 374,005
Selling, general and administrative 152,477 145,161
Equity in earnings of affiliates 11,001 6,905
OPERATING INCOME 195,933 235,749
Other income and expense:    
Interest and investment income 1,590 441
Interest expense (3,214) (6,579)
EARNINGS BEFORE INCOME TAXES 194,309 229,611
Provision for income taxes 64,976 79,576
NET EARNINGS 129,333 150,035
Less: Net earnings attributable to noncontrolling interest 938 1,209
NET EARNINGS ATTRIBUTABLE TO HORMEL FOODS CORPORATION $ 128,395 $ 148,826
NET EARNINGS PER SHARE:    
BASIC (in dollars per share) $ 0.49 $ 0.56
DILUTED (in dollars per share) $ 0.48 $ 0.55
WEIGHTED-AVERAGE SHARES OUTSTANDING:    
BASIC (in shares) 263,946 266,560
DILUTED (in shares) 269,608 271,740
DIVIDENDS DECLARED PER SHARE: (in dollars per share) $ 0.1500 $ 0.1275