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CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 6 Months Ended
Apr. 29, 2018
Apr. 30, 2017
Apr. 29, 2018
Apr. 30, 2017
Income Statement [Abstract]        
Net sales $ 2,330,568 $ 2,187,309 $ 4,661,861 $ 4,467,536
Cost of products sold 1,833,882 1,700,389 3,662,996 3,428,336
GROSS PROFIT 496,686 486,920 998,865 1,039,200
Selling, general and administrative 203,799 181,009 422,921 391,226
Equity in earnings of affiliates 13,486 10,121 37,017 23,420
OPERATING INCOME 306,373 316,032 612,961 671,394
Other income and expense:        
Interest and investment (expense) income (2,489) 2,818 817 5,267
Interest expense (7,001) (3,023) (11,730) (6,049)
EARNINGS BEFORE INCOME TAXES 296,883 315,827 602,048 670,612
Provision for income taxes 59,361 104,941 61,315 224,423
NET EARNINGS 237,522 210,886 540,733 446,189
Less: Net earnings attributable to noncontrolling interest 138 (40) 242 116
NET EARNINGS ATTRIBUTABLE TO HORMEL FOODS CORPORATION $ 237,384 $ 210,926 $ 540,491 $ 446,073
NET EARNINGS PER SHARE:        
BASIC (in dollars per share) $ 0.45 $ 0.40 $ 1.02 $ 0.84
DILUTED (in dollars per share) $ 0.44 $ 0.39 $ 1.00 $ 0.83
WEIGHTED-AVERAGE SHARES OUTSTANDING:        
BASIC (in shares) 529,799 528,712 529,626 528,649
DILUTED (in shares) 542,811 539,635 543,146 539,850
DIVIDENDS DECLARED PER SHARE (in dollars per share) $ 0.1875 $ 0.17 $ 0.375 $ 0.34