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Consolidated Statements of Operations - USD ($)
shares in Thousands, $ in Thousands
12 Months Ended
Oct. 25, 2015
Oct. 26, 2014
Oct. 27, 2013
Consolidated Statements of Operations      
Net sales $ 9,263,863 $ 9,316,256 $ 8,751,654
Cost of products sold 7,455,282 7,751,273 7,338,838
GROSS PROFIT 1,808,581 1,564,983 1,412,816
Selling, general and administrative 743,611 650,948 627,340
Goodwill impairment charge 21,537    
Equity in earnings of affiliates 23,887 17,585 20,513
OPERATING INCOME 1,067,320 931,620 805,989
Other income and expense:      
Interest and investment income (loss) 2,934 3,236 4,971
Interest expense (13,111) (12,704) (12,453)
EARNINGS BEFORE INCOME TAXES 1,057,143 922,152 798,507
Provision for income taxes 369,879 316,126 268,431
NET EARNINGS 687,264 606,026 530,076
Less: Net earnings attributable to noncontrolling interest 1,176 3,349 3,865
NET EARNINGS ATTRIBUTABLE TO HORMEL FOODS CORPORATION $ 686,088 $ 602,677 $ 526,211
NET EARNINGS PER SHARE:      
BASIC (in dollars per share) $ 2.60 $ 2.28 $ 1.99
DILUTED (in dollars per share) $ 2.54 $ 2.23 $ 1.95
WEIGHTED-AVERAGE SHARES OUTSTANDING:      
BASIC (in shares) 264,072 263,812 264,317
DILUTED (in shares) 270,501 270,216 270,224