v3.26.1
INVESTMENTS IN AFFILIATES (Tables)
6 Months Ended
Apr. 26, 2026
Equity Method Investments and Joint Ventures [Abstract]  
Schedule of ownership percentage and basis difference in equity method investments As of April 26, 2026, the Company's equity method investments include:
SegmentOwnership Percentage
MegaMex Foods, LLCRetail50%
Joy Topco, L.P.(1)
Retail49%
The Purefoods - Hormel Company, Inc.International40%
PT Garudafood Putra Putri Jaya Tbk. (Garudafood)
International30%
Okinawa Hormel Ltd.International26%
Corporate Venturing Investmentsn/a
26% - 43%
(1)    In the first quarter of fiscal 2026, the Company recorded a 49% ownership interest in Joy Topco, L.P. in connection with the sale of its controlling equity interest in Justin’s, LLC. See Note B - Acquisitions and Divestitures for additional information.
The initial and unamortized basis differences as of April 26, 2026, are:
In thousands
Initial Basis DifferenceUnamortized Basis Difference
Garudafood(1)
$324,828 $132,283 
MegaMex Foods, LLC21,273 7,184 
(1)    The Garudafood remaining unamortized basis difference includes the impact of foreign currency translation and impairment.
Schedule of distributions received from equity method investees Distributions received from equity method investees consists of:
In thousandsQuarter EndedSix Months Ended
April 26, 2026April 27, 2025April 26, 2026April 27, 2025
Distributions$6,250 $6,250 $19,301 $26,144