<ARTICLE> 5 <LEGEND> Hormel Foods Corporation 1st Quarter 10-Q </LEGEND> <CIK> 0000048465 <NAME> Hormel Foods Corporation <MULTIPLIER> 1,000 <PERIOD-TYPE> 3-mos <FISCAL-YEAR-END> OCT-30-1999 <PERIOD-START> NOV-01-1998 <PERIOD-END> JAN-30-1999 <CASH> 213,042 <SECURITIES> 43,822 <RECEIVABLES> 209,136 <ALLOWANCES> 0 <INVENTORY> 245,570 <CURRENT-ASSETS> 745,036 <PP&E> 947,937 <DEPRECIATION> (464,521) <TOTAL-ASSETS> 1,611,212 <CURRENT-LIABILITIES> 278,277 <BONDS> 221,219 <PREFERRED-MANDATORY> 0 <PREFERRED> 0 <COMMON> 8,606 <OTHER-SE> 0 <TOTAL-LIABILITY-AND-EQUITY> 1,611,212 <SALES> 799,005 <TOTAL-REVENUES> 799,005 <CGS> 557,240 <TOTAL-COSTS> 557,240 <OTHER-EXPENSES> 0 <LOSS-PROVISION> 0 <INTEREST-EXPENSE> 2,933 <INCOME-PRETAX> 65,718 <INCOME-TAX> 23,338 <INCOME-CONTINUING> 42,380 <DISCONTINUED> 0 <EXTRAORDINARY> 0 <CHANGES> 0 <NET-INCOME> 42,380 <EPS-PRIMARY> 0.58 <EPS-DILUTED> 0.57