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
|