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Consolidated Statements of Operations - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended
Jan. 24, 2016
Jan. 25, 2015
Consolidated Statements of Operations    
Net sales $ 2,292,672 $ 2,395,073
Cost of products sold 1,734,661 1,950,468
GROSS PROFIT 558,011 444,605
Selling, general and administrative 209,948 180,299
Equity in earnings of affiliates 11,475 1,660
OPERATING INCOME 359,538 265,966
Other income and expense:    
Interest and investment (expense) income (1,963) 1,149
Interest expense (3,407) (3,078)
EARNINGS BEFORE INCOME TAXES 354,168 264,037
Provision for income taxes 119,001 91,607
NET EARNINGS 235,167 172,430
Less: Net earnings attributable to noncontrolling interest 106 712
NET EARNINGS ATTRIBUTABLE TO HORMEL FOODS CORPORATION $ 235,061 $ 171,718
NET EARNINGS PER SHARE:    
BASIC (in dollars per share) $ 0.44 $ 0.33
DILUTED (in dollars per share) $ 0.43 $ 0.32
WEIGHTED-AVERAGE SHARES OUTSTANDING:    
BASIC (in shares) 528,862 527,352
DILUTED (in shares) 542,737 540,123
DIVIDENDS DECLARED PER SHARE: (in dollars per share) $ 0.145 $ 0.125