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CONSOLDIATED STATEMENTS OF OPERATIONS (USD $)
In Thousands, except Per Share data, unless otherwise specified
3 Months Ended 9 Months Ended
Jul. 27, 2014
Jul. 28, 2013
Jul. 27, 2014
Jul. 28, 2013
CONSOLDIATED STATEMENTS OF OPERATIONS        
Net sales $ 2,284,947 $ 2,159,525 $ 6,772,485 $ 6,428,452
Cost of products sold 1,920,948 1,829,219 5,631,086 5,401,152
GROSS PROFIT 363,999 330,306 1,141,399 1,027,300
Selling, general and administrative 153,035 150,999 485,009 479,896
Equity in earnings of affiliates 3,540 1,346 11,862 18,383
OPERATING INCOME 214,504 180,653 668,252 565,787
Other income and expense:        
Interest and investment (expense) income 1,603 (455) 2,470 2,471
Interest expense (3,125) (3,122) (9,312) (9,358)
EARNINGS BEFORE INCOME TAXES 212,982 177,076 661,410 558,900
Provision for income taxes 73,968 63,171 227,232 187,309
NET EARNINGS 139,014 113,905 434,178 371,591
Less: Net earnings attributable to noncontrolling interest 1,039 270 2,765 2,720
NET EARNINGS ATTRIBUTABLE TO HORMEL FOODS CORPORATION $ 137,975 $ 113,635 $ 431,413 $ 368,871
NET EARNINGS PER SHARE:        
BASIC (in dollars per share) $ 0.52 $ 0.43 $ 1.63 $ 1.39
DILUTED (in dollars per share) $ 0.51 $ 0.42 $ 1.60 $ 1.37
WEIGHTED-AVERAGE SHARES OUTSTANDING:        
BASIC (in shares) 263,983 264,605 263,887 264,472
DILUTED (in shares) 270,400 270,769 270,345 270,230
DIVIDENDS DECLARED PER SHARE: (in dollars per share) $ 0.20 $ 0.17 $ 0.60 $ 0.51