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SEGMENT REPORTING (Tables)
3 Months Ended
Jan. 27, 2013
SEGMENT REPORTING  
Schedule of operating profit and other financial information

 

 

 

 

Three Months Ended

 

(in thousands)

 

January 27,
2013

 

January 29,
2012

 

 

 

 

 

 

 

Sales to Unaffiliated Customers

 

 

 

 

 

Grocery Products

 

$

334,140

 

$

269,479

 

Refrigerated Foods

 

1,063,401

 

1,083,525

 

Jennie-O Turkey Store

 

390,334

 

377,371

 

Specialty Foods

 

233,845

 

218,024

 

All Other

 

94,521

 

91,040

 

Total

 

$

2,116,241

 

$

2,039,439

 

 

 

 

 

 

 

Intersegment Sales

 

 

 

 

 

Grocery Products

 

$

 

$

 

Refrigerated Foods

 

2,443

 

2,413

 

Jennie-O Turkey Store

 

30,421

 

30,135

 

Specialty Foods

 

31

 

41

 

All Other

 

 

 

Total

 

$

32,895

 

$

32,589

 

Intersegment elimination

 

(32,895

)

(32,589

)

Total

 

$

 

$

 

 

 

 

 

 

 

Net Sales

 

 

 

 

 

Grocery Products

 

$

334,140

 

$

269,479

 

Refrigerated Foods

 

1,065,844

 

1,085,938

 

Jennie-O Turkey Store

 

420,755

 

407,506

 

Specialty Foods

 

233,876

 

218,065

 

All Other

 

94,521

 

91,040

 

Intersegment elimination

 

(32,895

)

(32,589

)

Total

 

$

2,116,241

 

$

2,039,439

 

 

 

 

 

 

 

Segment Operating Profit

 

 

 

 

 

Grocery Products

 

$

49,913

 

$

44,093

 

Refrigerated Foods

 

53,790

 

53,749

 

Jennie-O Turkey Store

 

58,945

 

76,762

 

Specialty Foods

 

23,761

 

16,647

 

All Other

 

17,111

 

12,471

 

Total segment operating profit

 

$

203,520

 

$

203,722

 

 

 

 

 

 

 

Net interest and investment expense (income)

 

1,284

 

1,624

 

General corporate expense

 

6,644

 

8,727

 

Noncontrolling interest

 

1,329

 

938

 

 

 

 

 

 

 

Earnings before income taxes

 

$

196,921

 

$

194,309