SEGMENT REPORTING (Tables)

9 Months Ended

Jul. 26, 2015

SEGMENT REPORTING

Schedule of operating profit and other financial information

	Three Months Ended				Nine Months Ended
(in thousands)	July 26, 2015		July 27, 2014		July 26, 2015		July 27, 2014
Sales to Unaffiliated Customers
Grocery Products	$	388,094	$	359,549	$	1,195,110	$	1,153,099
Refrigerated Foods	1,056,125		1,192,624		3,222,851		3,432,289
Jennie-O Turkey Store	336,533		382,647		1,215,464		1,162,472
Specialty Foods	282,774		216,406		833,472		629,561
International & Other	125,061		133,721		396,108		395,064
Total	$	2,188,587	$	2,284,947	$	6,863,005	$	6,772,485
Intersegment Sales
Grocery Products	$	-	$	-	$	-	$	-
Refrigerated Foods	2,440		3,451		10,183		15,798
Jennie-O Turkey Store	27,241		35,128		99,023		105,127
Specialty Foods	18		47		64		99
International & Other	-		-		-		-
Total	$	29,699	$	38,626	$	109,270	$	121,024
Intersegment elimination	(29,699)		(38,626)		(109,270)		(121,024)
Total	$	-	$	-	$	-	$	-
Net Sales
Grocery Products	$	388,094	$	359,549	$	1,195,110	$	1,153,099
Refrigerated Foods	1,058,565		1,196,075		3,233,034		3,448,087
Jennie-O Turkey Store	363,774		417,775		1,314,487		1,267,599
Specialty Foods	282,792		216,453		833,536		629,660
International & Other	125,061		133,721		396,108		395,064
Intersegment elimination	(29,699)		(38,626)		(109,270)		(121,024)
Total	$	2,188,587	$	2,284,947	$	6,863,005	$	6,772,485
Segment Operating Profit
Grocery Products	$	53,108	$	33,781	$	149,810	$	145,013
Refrigerated Foods	97,692		90,028		313,681		250,724
Jennie-O Turkey Store	35,374		64,756		202,990		177,109
Specialty Foods	31,190		17,378		70,910		57,767
International & Other	19,251		18,696		55,018		62,116
Total segment operating profit	$	236,615	$	224,639	792,409		692,729
Net interest and investment expense	2,941		1,522		6,836		6,842
General corporate expense	5,473		11,174		18,550		27,242
Noncontrolling interest	18		1,039		964		2,765
Earnings before income taxes	$	228,219	$	212,982	$	767,987	$	661,410