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CONSOLIDATED STATEMENTS OF OPERATIONS (USD $)
In Thousands, except Per Share data, unless otherwise specified
3 Months Ended 6 Months Ended
Apr. 27, 2014
Apr. 28, 2013
Apr. 27, 2014
Apr. 28, 2013
CONSOLIDATED STATEMENTS OF OPERATIONS        
Net sales $ 2,244,866 $ 2,152,686 $ 4,487,538 $ 4,268,927
Cost of products sold 1,866,108 1,799,885 3,710,138 3,571,933
GROSS PROFIT 378,758 352,801 777,400 696,994
Selling, general and administrative 165,785 173,066 331,974 328,897
Equity in earnings of affiliates 3,583 7,194 8,322 17,037
OPERATING INCOME 216,556 186,929 453,748 385,134
Other income and expense:        
Interest and investment (expense) income (306) 1,116 867 2,926
Interest expense (3,093) (3,142) (6,187) (6,236)
EARNINGS BEFORE INCOME TAXES 213,157 184,903 448,428 381,824
Provision for income taxes 72,451 58,262 153,264 124,138
NET EARNINGS 140,706 126,641 295,164 257,686
Less: Net earnings attributable to noncontrolling interest 616 1,121 1,726 2,450
NET EARNINGS ATTRIBUTABLE TO HORMEL FOODS CORPORATION $ 140,090 $ 125,520 $ 293,438 $ 255,236
NET EARNINGS PER SHARE:        
BASIC (in dollars per share) $ 0.53 $ 0.47 $ 1.11 $ 0.97
DILUTED (in dollars per share) $ 0.52 $ 0.46 $ 1.09 $ 0.95
WEIGHTED-AVERAGE SHARES OUTSTANDING:        
BASIC (in shares) 263,926 264,868 263,839 264,406
DILUTED (in shares) 270,410 270,780 270,317 269,960
DIVIDENDS DECLARED PER SHARE: (in dollars per share) $ 0.20 $ 0.17 $ 0.40 $ 0.34