Consolidated Statements of Operations - USD ($) shares in Thousands, $ in Thousands |
12 Months Ended | |||||
|---|---|---|---|---|---|---|
Oct. 29, 2023 |
Oct. 30, 2022 |
Oct. 31, 2021 |
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| Income Statement [Abstract] | ||||||
| Net Sales | $ 12,110,010 | $ 12,458,806 | $ 11,386,189 | |||
| Cost of Products Sold | 10,110,169 | 10,294,120 | 9,458,283 | |||
| Gross Profit | 1,999,841 | 2,164,686 | 1,927,906 | | ||
| Selling, General, and Administrative | 942,167 | 879,265 | 853,071 | | ||
| Equity in Earnings of Affiliates | 42,754 | 27,185 | 47,763 | | ||
| Goodwill and Intangible Impairment | 28,383 | 0 | 0 | | | |
| Total Operating Expenses | 1013304.0 | 906450.0 | 900834.0 | 0 | 0 | |
| Operating Income | 1,072,046 | 1,312,607 | 1,122,599 | | ||
| Interest and Investment Income | 14,828 | 28,012 | 46,878 | | ||
| Total Other Income Expenses | 88230.0 | 90527.0 | 90185.0 | 0 | 0 | |
| Interest Expense | 73,402 | 62,515 | 43,307 | | | |
| Earnings Before Income Taxes | 1,013,472 | 1,278,103 | 1,126,170 | | ||
| Provision for Income Taxes | 220,552 | 277,877 | 217,029 | | ||
| Net Earnings | 792,920 | 1,000,226 | 909,140 | | ||
| Less: Net Earnings (Loss) Attributable to Noncontrolling Interest | (653) | 239 | 301 | | ||
| Net Earnings Attributable to Hormel Foods Corporation | $ 793,572 | $ 999,987 | $ 908,839 | |||
| Net Earnings Per Share: | ||||||
| Basic (in dollars per share) | $ 1.45 | $ 1.84 | $ 1.68 | |||
| Diluted (in dollars per share) | $ 1.45 | $ 1.82 | $ 1.66 | |||
| Weighted-average Shares Outstanding: | ||||||
| Basic (in shares) | 546,421 | 544,918 | 541,114 | |||
| Diluted (in shares) | 548,982 | 549,566 | 547,580 | |||
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- Definition Earnings Per Share, Basic And Diluted EPS No definition available.
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- Definition The aggregate costs related to goods produced and sold and services rendered by an entity during the reporting period. This excludes costs incurred during the reporting period related to financial services rendered and other revenue generating activities. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition The amount of net income (loss) for the period per each share of common stock or unit outstanding during the reporting period. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition The amount of net income (loss) for the period available to each share of common stock or common unit outstanding during the reporting period and to each share or unit that would have been outstanding assuming the issuance of common shares or units for all dilutive potential common shares or units outstanding during the reporting period. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition Total loss recognized during the period from the impairment of goodwill plus the loss recognized in the period resulting from the impairment of the carrying amount of intangible assets, other than goodwill. No definition available.
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- Definition Aggregate revenue less cost of goods and services sold or operating expenses directly attributable to the revenue generation activity. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition Amount of income (loss) from continuing operations, including income (loss) from equity method investments, before deduction of income tax expense (benefit), and income (loss) attributable to noncontrolling interest. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition Amount of income (loss) for proportionate share of equity method investee's income (loss). Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- References No definition available.
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- Definition Amount of current income tax expense (benefit) and deferred income tax expense (benefit) pertaining to continuing operations. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition Amount of the cost of borrowed funds accounted for as interest expense. Reference 1: http://www.xbrl.org/2003/role/exampleRef
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- Definition Amount after accretion (amortization) of discount (premium), and investment expense, of interest income and dividend income on nonoperating securities. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition The portion of profit or loss for the period, net of income taxes, which is attributable to the parent. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition Amount of Net Income (Loss) attributable to noncontrolling interest. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition The net result for the period of deducting operating expenses from operating revenues. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition The consolidated profit or loss for the period, net of income taxes, including the portion attributable to the noncontrolling interest. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition Amount, including tax collected from customer, of revenue from satisfaction of performance obligation by transferring promised good or service to customer. Tax collected from customer is tax assessed by governmental authority that is both imposed on and concurrent with specific revenue-producing transaction, including, but not limited to, sales, use, value-added and excise. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition The aggregate total costs related to selling a firm's product and services, as well as all other general and administrative expenses. Direct selling expenses (for example, credit, warranty, and advertising) are expenses that can be directly linked to the sale of specific products. Indirect selling expenses are expenses that cannot be directly linked to the sale of specific products, for example telephone expenses, Internet, and postal charges. General and administrative expenses include salaries of non-sales personnel, rent, utilities, communication, etc. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition The average number of shares or units issued and outstanding that are used in calculating diluted EPS or earnings per unit (EPU), determined based on the timing of issuance of shares or units in the period. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- References No definition available.
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- Definition Number of [basic] shares or units, after adjustment for contingently issuable shares or units and other shares or units not deemed outstanding, determined by relating the portion of time within a reporting period that common shares or units have been outstanding to the total time in that period. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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