SEGMENT REPORTING (Tables)

6 Months Ended

May 01, 2022

Segment Reporting [Abstract]

Schedule of sales and operating profits for each of the reportable segments and reconciliation to earnings before income taxes

Sales and segment profit for each of the Company’s reportable segments and reconciliation to Earnings Before Income Taxes are set forth below. The Company is an integrated enterprise, characterized by substantial intersegment cooperation, cost allocations, and sharing of assets. Therefore, the Company does not represent that these segments, if operated independently, would report the profit and other financial information shown below.

	Quarter Ended				Six Months Ended
in thousands	May 1, 2022		April 25, 2021		May 1, 2022		April 25, 2021
Sales to Unaffiliated Customers
Grocery Products	$	873,572	$	628,232	$	1,729,163	$	1,205,831
Refrigerated Foods	1,644,284		1,453,380		3,271,812		2,820,457
Jennie-O Turkey Store	407,287		351,179		791,759		684,500
International & Other	171,416		173,830		348,184		356,980
Total	$	3,096,559	$	2,606,621	$	6,140,917	$	5,067,768
Intersegment Sales
Grocery Products	$	—	$	—	$	—	$	—
Refrigerated Foods	6,491		5,933		14,179		11,891
Jennie-O Turkey Store	52,498		32,442		100,452		59,135
International & Other	—		—		—		—
Total	58,989		38,376		114,631		71,026
Intersegment Elimination	(58,989)		(38,376)		(114,631)		(71,026)
Total	$	—	$	—	$	—	$	—
Net Sales
Grocery Products	$	873,572	$	628,232	$	1,729,163	$	1,205,831
Refrigerated Foods	1,650,775		1,459,313		3,285,991		2,832,348
Jennie-O Turkey Store	459,785		383,621		892,211		743,635
International & Other	171,416		173,830		348,184		356,980
Intersegment Elimination	(58,989)		(38,376)		(114,631)		(71,026)
Total	$	3,096,559	$	2,606,621	$	6,140,917	$	5,067,768
Segment Profit
Grocery Products	$	89,299	$	97,970	$	188,785	$	190,172
Refrigerated Foods	178,492		173,352		340,884		314,524
Jennie-O Turkey Store	61,799		12,700		105,536		39,640
International & Other	23,653		24,481		49,737		56,685
Total Segment Profit	353,243		308,503		684,941		601,020
Net Unallocated Expense	31,436		15,904		54,370		31,451
Noncontrolling Interest	62		21		201		133
Earnings Before Income Taxes	$	321,868	$	292,620	$	630,772	$	569,702

Schedule of total revenues contributed by sales channel

Total revenue contributed by sales channel are:

	Quarter Ended				Six Months Ended
in thousands	May 1, 2022		April 25, 2021		May 1, 2022		April 25, 2021
U.S. Retail	$	1,946,117	$	1,685,631	$	3,904,864	$	3,355,518
U.S. Foodservice	959,467		724,248		1,845,532		1,310,584
International	190,975		196,742		390,520		401,666
Total	$	3,096,559	$	2,606,621	$	6,140,917	$	5,067,768

Total revenue contributed by classes of similar products are: 

	Quarter Ended				Six Months Ended
in thousands	May 1, 2022		April 25, 2021		May 1, 2022		April 25, 2021
Perishable	$	1,783,172	$	1,453,149	$	3,556,375	$	2,829,969
Shelf-stable	629,406		567,501		1,264,643		1,091,437
Poultry	565,531		494,186		1,102,135		968,837
Miscellaneous	118,449		91,786		217,764		177,525
Total	$	3,096,559	$	2,606,621	$	6,140,917	$	5,067,768