SEGMENT REPORTING (Tables)

9 Months Ended

Jul. 31, 2022

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				Nine Months Ended
in thousands	July 31, 2022		July 25, 2021		July 31, 2022		July 25, 2021
Sales to Unaffiliated Customers
Grocery Products	$	869,802	$	698,584	$	2,598,964	$	1,904,415
Refrigerated Foods	1,660,257		1,624,641		4,932,070		4,445,099
Jennie-O Turkey Store	323,796		350,897		1,115,554		1,035,397
International & Other	180,559		189,548		528,743		546,528
Total	$	3,034,414	$	2,863,670	$	9,175,331	$	7,931,438

Intersegment Sales
Grocery Products	$	—	$	—	$	—	$	—
Refrigerated Foods	4,645		7,636		18,825		19,527
Jennie-O Turkey Store	66,803		30,581		167,256		89,715
International & Other	—		—		—		—
Total	71,449		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 Foods	1,664,902		1,632,277		4,950,895		4,464,626
Jennie-O Turkey Store	390,599		381,478		1,282,810		1,125,112
International & Other	180,559		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 Foods	177,109		153,216		517,993		467,740
Jennie-O Turkey Store	37,433		5,874		142,969		45,514
International & Other	25,334		27,915		75,071		84,600
Total Segment Profit	316,354		267,796		1,001,295		868,817
Net Unallocated Expense	26,429		63,715		80,799		95,166

Noncontrolling Interest	(89)		157		112		290
Earnings Before Income Taxes	$	289,836	$	204,238	$	920,608	$	773,940

Schedule of total revenues contributed by sales channel

Total revenue contributed by sales channel are:


	Quarter Ended				Nine Months Ended
in thousands	July 31, 2022		July 25, 2021		July 31, 2022		July 25, 2021
U.S. Retail	$	1,866,971	$	1,786,871	$	5,771,835	$	5,142,389
U.S. Foodservice	971,201		851,897		2,816,733		2,162,481
International	196,242		224,902		586,763		626,568
Total	$	3,034,414	$	2,863,670	$	9,175,331	$	7,931,438

Total revenue contributed by classes of similar products are:


	Quarter Ended				Nine Months Ended
in thousands	July 31, 2022		July 25, 2021		July 31, 2022		July 25, 2021
Perishable	$	1,813,513	$	1,610,378	$	5,369,888	$	4,440,347
Shelf-stable	649,853		670,446		1,914,496		1,761,883
Poultry	470,207		500,121		1,572,342		1,468,957
Miscellaneous	100,841		82,726		318,606		260,251
Total	$	3,034,414	$	2,863,670	$	9,175,331	$	7,931,438