SEGMENT REPORTING (Tables)

6 Months Ended

Apr. 29, 2012

SEGMENT REPORTING

Schedule of operating profit and other financial information

	Three Months Ended						Six Months Ended
(in thousands)	April 29, 2012			May 1, 2011			April 29, 2012			May 1, 2011
Sales to Unaffiliated Customers
Grocery Products	$	263,993		$	260,273		$	533,472		$	537,172
Refrigerated Foods		1,031,975			1,040,624			2,115,500			2,051,326
Jennie-O Turkey Store		391,053			365,953			768,424			730,470
Specialty Foods		228,947			205,001			446,971			396,346
All Other		96,891			87,190			187,931			165,285
Total	$	2,012,859		$	1,959,041		$	4,052,298		$	3,880,599
Intersegment Sales
Grocery Products	$	-		$	-		$	-		$	-
Refrigerated Foods		3,131			3,198			5,544			5,452
Jennie-O Turkey Store		32,585			33,885			62,720			61,143
Specialty Foods		26			40			67			82
All Other		-			-			-			-
Total	$	35,742		$	37,123		$	68,331		$	66,677
Intersegment elimination		(35,742	)		(37,123	)		(68,331	)		(66,677	)
Total	$	-		$	-		$	-		$	-
Net Sales
Grocery Products	$	263,993		$	260,273		$	533,472		$	537,172
Refrigerated Foods		1,035,106			1,043,822			2,121,044			2,056,778
Jennie-O Turkey Store		423,638			399,838			831,144			791,613
Specialty Foods		228,973			205,041			447,038			396,428
All Other		96,891			87,190			187,931			165,285
Intersegment elimination		(35,742	)		(37,123	)		(68,331	)		(66,677	)
Total	$	2,012,859		$	1,959,041		$	4,052,298		$	3,880,599
Segment Operating Profit
Grocery Products	$	42,858		$	39,048		$	86,951		$	87,610
Refrigerated Foods		53,009			70,250			106,758			166,384
Jennie-O Turkey Store		70,198			46,703			146,960			120,528
Specialty Foods		20,859			19,164			37,506			36,442
All Other		12,855			8,444			25,326			18,437
Total segment operating profit	$	199,779		$	183,609		$	403,501		$	429,401
Net interest and investment expense (income)		945			5,215			2,569			11,353
General corporate expense		6,088			11,969			14,815			23,221
Noncontrolling interest		1,048			1,123			1,986			2,332
Earnings before income taxes	$	193,794		$	167,548		$	388,103		$	397,159