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SEGMENT REPORTING (Tables)
 9 Months Ended
Jul. 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

 

Nine Months Ended

 

 

(in thousands)

 

July 24,
2016

 

July 26,
2015

 

July 24,
2016

 

July 26,
2015

 

Sales to Unaffiliated Customers

 

 

 

 

 

 

 

 

 

Grocery Products

 

$
399,342

 

$
388,094

 

$
1,193,032

 

$
1,195,110

 

Refrigerated Foods

 
1,155,297

 
1,056,125

 
3,409,897

 
3,222,851

 

Jennie-O Turkey Store

 
403,953

 
336,533

 
1,199,559

 
1,215,464

 

Specialty Foods

 
212,197

 
282,774

 
722,460

 
833,472

 

International & Other

 
131,587

 
125,061

 
370,335

 
396,108

 

 

 

 

 

 

 

 

 

 

 

Total

 

$
2,302,376

 

$
2,188,587

 

$
6,895,283

 

$
6,863,005

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Intersegment Sales

 

 

 

 

 

 

 

 

 

Grocery Products

 

$

-

 

$

-

 

$

-

 

$

-

 

Refrigerated Foods

 
1,648

 
2,440

 
7,635

 
10,183

 

Jennie-O Turkey Store

 
27,921

 
27,241

 
88,604

 
99,023

 

Specialty Foods

 
8

 
18

 
17

 
64

 

International & Other

 

-

 

-

 

-

 

-

 

 

 

 

 

 

 

 

 

 

 

Total

 

$
29,577

 

$
29,699

 

$
96,256

 

$
109,270

 

Intersegment elimination

 
(29,577)

 
(29,699)

 
(96,256)

 
(109,270)

 

 

 

 

 

 

 

 

 

 

 

Total

 

$

-

 

$

-

 

$

-

 

$

-

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net Sales

 

 

 

 

 

 

 

 

 

Grocery Products

 

$
399,342

 

$
388,094

 

$
1,193,032

 

$
1,195,110

 

Refrigerated Foods

 
1,156,945

 
1,058,565

 
3,417,532

 
3,233,034

 

Jennie-O Turkey Store

 
431,874

 
363,774

 
1,288,163

 
1,314,487

 

Specialty Foods

 
212,205

 
282,792

 
722,477

 
833,536

 

International & Other

 
131,587

 
125,061

 
370,335

 
396,108

 

Intersegment elimination

 
(29,577)

 
(29,699)

 
(96,256)

 
(109,270)

 

 

 

 

 

 

 

 

 

 

 

Total

 

$
2,302,376

 

$
2,188,587

 

$
6,895,283

 

$
6,863,005

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Segment Operating Profit

 

 

 

 

 

 

 

 

 

Grocery Products

 

$
53,344

 

$
53,108

 

$
185,727

 

$
149,810

 

Refrigerated Foods

 
120,702

 
97,692

 
417,612

 
313,681

 

Jennie-O Turkey Store

 
56,147

 
35,374

 
237,128

 
202,990

 

Specialty Foods

 
27,089

 
31,190

 
90,735

 
70,910

 

International & Other

 
20,308

 
19,251

 
58,839

 
55,018

 

 

 

 

 

 

 

 

 

 

 

Total segment operating profit

 

$
277,590

 

$
236,615

 

$
990,041

 

$
792,409

 

 

 

 

 

 

 

 

 

 

 

Net interest and investment expense (income)

 
673

 
2,941

 
5,663

 
6,836

 

General corporate expense

 
2,922

 
5,473

 
32,111

 
18,550

 

Noncontrolling interest

 
122

 
18

 
215

 
964

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Earnings before income taxes

 

$
274,117

 

$
228,219

 

$
952,482

 

$
767,987