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CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended
Jan. 29, 2017
Jan. 24, 2016
CONSOLIDATED STATEMENTS OF OPERATIONS    
Net sales $ 2,280,227 $ 2,292,672
Cost of products sold 1,727,947 1,734,661
GROSS PROFIT 552,280 558,011
Selling, general and administrative 210,217 209,948
Equity in earnings of affiliates 13,299 11,475
OPERATING INCOME 355,362 359,538
Other income and expense:    
Interest and investment income (expense) 2,449 (1,963)
Interest expense (3,026) (3,407)
EARNINGS BEFORE INCOME TAXES 354,785 354,168
Provision for income taxes 119,482 119,001
NET EARNINGS 235,303 235,167
Less: Net earnings attributable to noncontrolling interest 156 106
NET EARNINGS ATTRIBUTABLE TO HORMEL FOODS CORPORATION $ 235,147 $ 235,061
NET EARNINGS PER SHARE:    
BASIC (in dollars per share) $ 0.44 $ 0.44
DILUTED (in dollars per share) $ 0.44 $ 0.43
WEIGHTED-AVERAGE SHARES OUTSTANDING:    
BASIC (in shares) 528,585 528,862
DILUTED (in shares) 540,064 542,737
DIVIDENDS DECLARED PER SHARE: (in dollars per share) $ 0.170 $ 0.145