SEGMENT REPORTING (Tables)

6 Months Ended

Apr. 24, 2016

SEGMENT REPORTING

Schedule of sales and operating profits for each of the reportable segments and reconciliation to earnings before income taxes

	Three Months Ended				Six Months Ended
(in thousands)	April 24, 2016		April 26, 2015		April 24, 2016		April 26, 2015
Sales to Unaffiliated Customers
Grocery Products	$	401,472	$	397,265	$	793,690	$	807,016
Refrigerated Foods	1,092,479		1,022,511		2,254,600		2,166,726
Jennie-O Turkey Store	423,540		438,912		795,606		878,931
Specialty Foods	272,484		287,424		510,263		550,698
International & Other	110,260		133,233		238,748		271,047
Total	$	2,300,235	$	2,279,345	$	4,592,907	$	4,674,418
Intersegment Sales
Grocery Products	$	-	$	-	$	-	$	-
Refrigerated Foods	3,657		3,560		5,987		7,743
Jennie-O Turkey Store	30,280		36,398		60,683		71,782
Specialty Foods	9		25		9		46
International & Other	-		-		-		-
Total	$	33,946	$	39,983	$	66,679	$	79,571
Intersegment elimination	(33,946)		(39,983)		(66,679)		(79,571)
Total	$	-	$	-	$	-	$	-
Net Sales
Grocery Products	$	401,472	$	397,265	$	793,690	$	807,016
Refrigerated Foods	1,096,136		1,026,071		2,260,587		2,174,469
Jennie-O Turkey Store	453,820		475,310		856,289		950,713
Specialty Foods	272,493		287,449		510,272		550,744
International & Other	110,260		133,233		238,748		271,047
Intersegment elimination	(33,946)		(39,983)		(66,679)		(79,571)
Total	$	2,300,235	$	2,279,345	$	4,592,907	$	4,674,418
Segment Operating Profit
Grocery Products	$	67,110	$	55,327	$	132,383	$	96,702
Refrigerated Foods	130,002		114,837		296,910		215,989
Jennie-O Turkey Store	89,678		74,596		180,981		167,616
Specialty Foods	36,853		21,144		63,646		39,720
International & Other	14,244		21,383		38,531		35,767
Total segment operating profit	$	337,887	$	287,287	$	712,451	$	555,794
Net interest and investment expense (income)	(380)		1,966		4,990		3,895
General corporate expense	14,057		9,824		29,189		13,077
Noncontrolling interest	(13)		234		93		946
Earnings before income taxes	$	324,197	$	275,731	$	678,365	$	539,768