SEGMENT REPORTING (Tables)

9 Months Ended

Jul. 29, 2012

SEGMENT REPORTING

Schedule of operating profit and other financial information

	Three Months Ended				Nine Months Ended
(in thousands)	July 29, 2012		July 31, 2011		July 29, 2012		July 31, 2011
Sales to Unaffiliated Customers
Grocery Products	$	297,177	$	245,368	$	830,649	$	782,540
Refrigerated Foods		1,043,311		1,045,874		3,158,811		3,097,200
Jennie-O Turkey Store		351,604		327,809		1,120,028		1,058,279
Specialty Foods		230,072		207,025		677,043		603,371
All Other		86,024		84,516		273,955		249,801
Total	$	2,008,188	$	1,910,592	$	6,060,486	$	5,791,191
Intersegment Sales
Grocery Products	$	-	$	-	$	-	$	-
Refrigerated Foods		2,385		4,313		7,929		9,765
Jennie-O Turkey Store		29,901		32,059		92,621		93,202
Specialty Foods		41		22		108		104
All Other		-		-		-		-
Total	$	32,327	$	36,394	$	100,658	$	103,071
Intersegment elimination		(32,327)		(36,394)		(100,658)		(103,071)
Total	$	-	$	-	$	-	$	-
Net Sales
Grocery Products	$	297,177	$	245,368	$	830,649	$	782,540
Refrigerated Foods		1,045,696		1,050,187		3,166,740		3,106,965
Jennie-O Turkey Store		381,505		359,868		1,212,649		1,151,481
Specialty Foods		230,113		207,047		677,151		603,475
All Other		86,024		84,516		273,955		249,801
Intersegment elimination		(32,327)		(36,394)		(100,658)		(103,071)
Total	$	2,008,188	$	1,910,592	$	6,060,486	$	5,791,191
Segment Operating Profit
Grocery Products	$	40,052	$	30,428	$	127,003	$	118,038
Refrigerated Foods		60,757		56,820		167,515		223,204
Jennie-O Turkey Store		39,106		34,851		186,066		155,379
Specialty Foods		21,490		18,141		58,996		54,583
All Other		12,437		8,043		37,763		26,480
Total segment operating profit	$	173,842	$	148,283	$	577,343	$	577,684
Net interest and investment expense (income)		2,363		5,484		4,932		16,837
General corporate expense		3,225		2,944		18,040		26,165
Noncontrolling interest		1,240		1,483		3,226		3,815
Earnings before income taxes	$	169,494	$	141,338	$	557,597	$	538,497