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Consolidated Statements of Operations - USD ($)
shares in Thousands, $ in Thousands
12 Months Ended
Oct. 30, 2016
Oct. 25, 2015
Oct. 26, 2014
Consolidated Statements of Operations      
Net sales $ 9,523,224 $ 9,263,863 $ 9,316,256
Cost of products sold 7,365,049 7,455,282 7,751,273
GROSS PROFIT 2,158,175 1,808,581 1,564,983
Selling, general and administrative 871,974 743,611 650,948
Goodwill impairment charge 991 21,537 0
Equity in earnings of affiliates 38,685 23,887 17,585
OPERATING INCOME 1,323,895 1,067,320 931,620
Other income and expense:      
Interest and investment income 6,191 2,934 3,236
Interest expense (12,871) (13,111) (12,704)
EARNINGS BEFORE INCOME TAXES 1,317,215 1,057,143 922,152
Provision for income taxes 426,698 369,879 316,126
NET EARNINGS 890,517 687,264 606,026
Less: Net earnings attributable to noncontrolling interest 465 1,176 3,349
NET EARNINGS ATTRIBUTABLE TO HORMEL FOODS CORPORATION $ 890,052 $ 686,088 $ 602,677
NET EARNINGS PER SHARE:      
BASIC (in dollars per share) $ 1.68 $ 1.30 [1] $ 1.14 [1]
DILUTED (in dollars per share) $ 1.64 $ 1.27 [1] $ 1.12 [1]
WEIGHTED-AVERAGE SHARES OUTSTANDING:      
BASIC (in shares) 529,290 528,143 [1] 527,624 [1]
DILUTED (in shares) 542,473 541,002 [1] 540,431 [1]
[1] Shares and par values have been restated, as appropriate, to reflect the two-for-one stock split distributed on February 9, 2016.