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CONSOLIDATED STATEMENTS OF OPERATIONS (USD $)
In Thousands, except Per Share data, unless otherwise specified
12 Months Ended
Oct. 28, 2012
Oct. 30, 2011
Oct. 31, 2010
Net sales $ 8,230,670 $ 7,895,089 $ 7,220,719
Cost of products sold 6,898,819 6,560,976 5,981,977
Gross Profit 1,331,851 1,334,113 1,238,742
Selling, general and administrative 605,868 618,586 605,293
Equity in earnings of affiliates 38,691 26,757 13,126
Operating Income 764,674 742,284 646,575
Other income and expense:      
Interest and investment income (loss) 6,520 (786) 4,565
Interest expense (12,859) (22,662) (26,589)
Earnings Before Income Taxes 758,335 718,836 624,551
Provision for income taxes 253,374 239,640 224,775
Net Earnings 504,961 479,196 399,776
Less: Net earnings attributable to noncontrolling interest 4,911 5,001 4,189
Net Earnings Attributable to Hormel Foods Corporation $ 500,050 $ 474,195 $ 395,587
Net Earnings Per Share:      
Basic (in dollars per share) $ 1.90 $ 1.78 $ 1.48
Diluted (in dollars per share) $ 1.86 $ 1.74 $ 1.46
Weighted-Average Shares Outstanding:      
Basic (in shares) 263,466 266,394 266,732
Diluted (in shares) 268,891 271,915 270,698