SEGMENT REPORTING (Tables)

6 Months Ended

Apr. 26, 2015

Schedule of operating profit and other financial information

	Three Months Ended						Six Months Ended
(in thousands)	April 26, 2015			April 27, 2014			April 26, 2015			April 27, 2014
Sales to Unaffiliated Customers
Grocery Products	$	397,265		$	392,030		$	807,016		$	793,550
Refrigerated Foods	1,022,511			1,111,244			2,166,726			2,239,665
Jennie-O Turkey Store	438,912			380,425			878,931			779,825
Specialty Foods	287,424			217,176			550,698			413,155
International & Other	133,233			143,991			271,047			261,343
Total	$	2,279,345		$	2,244,866		$	4,674,418		$	4,487,538

Intersegment Sales
Grocery Products	$	-		$	-		$	-		$	-
Refrigerated Foods	3,560			6,601			7,743			12,347
Jennie-O Turkey Store	36,398			36,870			71,782			69,999
Specialty Foods	25			18			46			52
International & Other	-			-			-			-
Total	$	39,983		$	43,489		$	79,571		$	82,398
Intersegment elimination	(39,983		)	(43,489		)	(79,571		)	(82,398		)
Total	$	-		$	-		$	-		$	-


Net Sales
Grocery Products	$	397,265		$	392,030		$	807,016		$	793,550
Refrigerated Foods	1,026,071			1,117,845			2,174,469			2,252,012
Jennie-O Turkey Store	475,310			417,295			950,713			849,824
Specialty Foods	287,449			217,194			550,744			413,207
International & Other	133,233			143,991			271,047			261,343
Intersegment elimination	(39,983		)	(43,489		)	(79,571		)	(82,398		)
Total	$	2,279,345		$	2,244,866		$	4,674,418		$	4,487,538

Segment Operating Profit
Grocery Products	$	55,327	$	54,890	$	96,702	$	111,232
Refrigerated Foods	114,837		75,397		215,989		160,696
Jennie-O Turkey Store	74,596		52,808		167,616		112,353
Specialty Foods	21,144		19,134		39,720		40,389
International & Other	21,383		20,863		35,767		43,420
Total segment operating profit	$	287,287	$	223,092	$	555,794	$	468,090

Net interest and investment expense (income)	1,966		3,399		3,895		5,320
General corporate expense	9,824		7,152		13,077		16,068
Noncontrolling interest	234		616		946		1,726

Earnings before income taxes	$	275,731	$	213,157	$	539,768	$	448,428

- Definition

Tabular disclosure of the profit or loss and total assets for each reportable segment. An entity discloses certain information on each reportable segment if the amounts (a) are included in the measure of segment profit or loss reviewed by the chief operating decision maker or (b) are otherwise regularly provided to the chief operating decision maker, even if not included in that measure of segment profit or loss.

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