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SEGMENT REPORTING
 9 Months Ended
Jul. 31, 2022
Segment Reporting [Abstract]  
SEGMENT REPORTING SEGMENT REPORTING
 
The Company develops, processes, and distributes a wide array of food products in a variety of markets. The Company reports its results in the following four segments: Grocery Products, Refrigerated Foods, Jennie-O Turkey Store, and International & Other.
 
The Grocery Products segment consists primarily of the processing, marketing, and sale of shelf-stable food products sold predominantly in the retail market, along with the sale of nutritional and private label shelf-stable products to retail, foodservice, and industrial customers. This segment also includes the results from the Company’s MegaMex Foods, LLC joint venture.
 
The Refrigerated Foods segment consists primarily of the processing, marketing, and sale of branded and unbranded pork, beef, and poultry products for retail, foodservice, deli, convenience store, and commercial customers.
 
The Jennie-O Turkey Store segment consists primarily of the processing, marketing, and sale of branded and unbranded turkey products for retail, foodservice, and commercial customers.
 
The International & Other segment includes Hormel Foods International which manufactures, markets, and sells Company products internationally. This segment also includes the results from the Company’s international joint ventures and royalty arrangements.
 
Intersegment sales are eliminated in the Consolidated Statements of Operations. The Company does not allocate deferred compensation, investment income, interest expense, or interest income to its segments when measuring performance. The Company also retains various other income and expenses at the corporate level. Equity in Earnings of Affiliates is included in segment profit; however, earnings attributable to the Company’s noncontrolling interests are excluded. These items are included below as Net Unallocated Expense and Noncontrolling Interest when reconciling 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 EndedNine Months Ended
in thousandsJuly 31, 2022July 25, 2021July 31, 2022July 25, 2021
Sales to Unaffiliated Customers  
Grocery Products$869,802 $698,584 $2,598,964 $1,904,415 
Refrigerated Foods1,660,257 1,624,641 4,932,070 4,445,099 
Jennie-O Turkey Store323,796 350,897 1,115,554 1,035,397 
International & Other180,559 189,548 528,743 546,528 
Total$3,034,414 $2,863,670 $9,175,331 $7,931,438 
Intersegment Sales
Grocery Products$— $— $— $— 
Refrigerated Foods4,645 7,636 18,825 19,527 
Jennie-O Turkey Store66,803 30,581 167,256 89,715 
International & Other— — — — 
Total71,449 38,217 186,080 109,242 
Intersegment Elimination(71,449)(38,217)(186,080)(109,242)
Total$— $— $— $— 
Net Sales
Grocery Products$869,802 $698,584 $2,598,964 $1,904,415 
Refrigerated Foods1,664,902 1,632,277 4,950,895 4,464,626 
Jennie-O Turkey Store390,599 381,478 1,282,810 1,125,112 
International & Other180,559 189,548 528,743 546,528 
Intersegment Elimination(71,449)(38,217)(186,080)(109,242)
Total$3,034,414 $2,863,670 $9,175,331 $7,931,438 
Segment Profit
Grocery Products$76,478 $80,791 $265,263 $270,963 
Refrigerated Foods177,109 153,216 517,993 467,740 
Jennie-O Turkey Store37,433 5,874 142,969 45,514 
International & Other25,334 27,915 75,071 84,600 
Total Segment Profit316,354 267,796 1,001,295 868,817 
Net Unallocated Expense26,429 63,715 80,799 95,166 
Noncontrolling Interest(89)157 112 290 
Earnings Before Income Taxes$289,836 $204,238 $920,608 $773,940 
Revenue has been disaggregated into the categories below to show how sales channels affect the nature, amount, timing, and uncertainty of revenue and cash flows. Total revenue contributed by sales channel are:
 Quarter EndedNine Months Ended
in thousandsJuly 31, 2022July 25, 2021July 31, 2022July 25, 2021
U.S. Retail$1,866,971 $1,786,871 $5,771,835 $5,142,389 
U.S. Foodservice971,201 851,897 2,816,733 2,162,481 
International196,242 224,902 586,763 626,568 
Total$3,034,414 $2,863,670 $9,175,331 $7,931,438 

Beginning in the first quarter of fiscal 2022, the Company updated its presentation of revenue disaggregation by sales channel, combining U.S. Deli and U.S. Retail as market conditions have evolved providing many similarities between the channels. The prior year presentation has been updated to conform to the current period presentation.

The Company’s products consist primarily of meat and other food products. Total revenue contributed by classes of similar products are: 
 Quarter EndedNine Months Ended
in thousandsJuly 31, 2022July 25, 2021July 31, 2022July 25, 2021
Perishable$1,813,513 $1,610,378 $5,369,888 $4,440,347 
Shelf-stable649,853 670,446 1,914,496 1,761,883 
Poultry470,207 500,121 1,572,342 1,468,957 
Miscellaneous100,841 82,726 318,606 260,251 
Total$3,034,414 $2,863,670 $9,175,331 $7,931,438 

Perishable includes fresh meats, frozen items, refrigerated meal solutions, bacon, sausages, hams, and guacamole (excludes Jennie-O Turkey Store products). Shelf-stable includes canned luncheon meats, nut butters, snack nuts, chili, shelf-stable microwaveable meals, hash, stews, tortillas, salsas, tortilla chips, and other items that do not require refrigeration. The Poultry category is composed primarily of Jennie-O Turkey Store products. The Miscellaneous category primarily consists of nutritional food products and supplements, dessert and drink mixes, and industrial gelatin products.