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CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 9 Months Ended
Jul. 26, 2015
Jul. 27, 2014
Jul. 26, 2015
Jul. 27, 2014
CONSOLIDATED STATEMENTS OF OPERATIONS        
Net sales $ 2,188,587 $ 2,284,947 $ 6,863,005 $ 6,772,485
Cost of products sold 1,779,197 1,920,948 5,549,454 5,631,086
GROSS PROFIT 409,390 363,999 1,313,551 1,141,399
Selling, general and administrative 184,627 153,035 554,659 485,009
Equity in earnings of affiliates 6,396 3,540 15,930 11,862
OPERATING INCOME 231,159 214,504 774,822 668,252
Other income and expense:        
Interest and investment income 189 1,603 2,455 2,470
Interest expense (3,129) (3,125) (9,290) (9,312)
EARNINGS BEFORE INCOME TAXES 228,219 212,982 767,987 661,410
Provision for income taxes 81,263 73,968 268,166 227,232
NET EARNINGS 146,956 139,014 499,821 434,178
Less: Net earnings attributable to noncontrolling interest 18 1,039 964 2,765
NET EARNINGS ATTRIBUTABLE TO HORMEL FOODS CORPORATION $ 146,938 $ 137,975 $ 498,857 $ 431,413
NET EARNINGS PER SHARE:        
BASIC (in dollars per share) $ 0.56 $ 0.52 $ 1.89 $ 1.63
DILUTED (in dollars per share) $ 0.54 $ 0.51 $ 1.85 $ 1.60
WEIGHTED-AVERAGE SHARES OUTSTANDING:        
BASIC (in shares) 264,258 263,983 263,987 263,887
DILUTED (in shares) 270,602 270,400 270,369 270,345
DIVIDENDS DECLARED PER SHARE: (in dollars per share) $ 0.25 $ 0.20 $ 0.75 $ 0.60