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CONSOLIDATED STATEMENTS OF OPERATIONS (USD $)
In Thousands, except Per Share data, unless otherwise specified
3 Months Ended 9 Months Ended
Jul. 29, 2012
Jul. 31, 2011
Jul. 29, 2012
Jul. 31, 2011
Net sales $ 2,008,188 $ 1,910,592 $ 6,060,486 $ 5,791,191
Cost of products sold 1,701,132 1,612,737 5,080,414 4,793,104
GROSS PROFIT 307,056 297,855 980,072 998,087
Selling, general and administrative 145,022 156,595 446,183 461,892
Equity in earnings of affiliates 9,823 5,562 28,640 19,139
OPERATING INCOME 171,857 146,822 562,529 555,334
Other income and expense:        
Interest and investment income 844 139 4,772 2,552
Interest expense (3,207) (5,623) (9,704) (19,389)
EARNINGS BEFORE INCOME TAXES 169,494 141,338 557,597 538,497
Provision for income taxes 57,087 41,374 186,922 177,796
NET EARNINGS 112,407 99,964 370,675 360,701
Less: Net earnings attributable to noncontrolling interest 1,240 1,483 3,226 3,815
NET EARNINGS ATTRIBUTABLE TO HORMEL FOODS CORPORATION $ 111,167 $ 98,481 $ 367,449 $ 356,886
NET EARNINGS PER SHARE:        
BASIC (in dollars per share) $ 0.42 $ 0.37 $ 1.39 $ 1.34
DILUTED (in dollars per share) $ 0.41 $ 0.36 $ 1.37 $ 1.31
WEIGHTED-AVERAGE SHARES OUTSTANDING:        
BASIC (in shares) 263,359 266,925 263,638 266,887
DILUTED (in shares) 268,746 272,759 269,138 272,449
DIVIDENDS DECLARED PER SHARE: (in dollars per share) $ 0.1500 $ 0.1275 $ 0.4500 $ 0.3825