SEGMENT REPORTING (Tables)

3 Months Ended

Jan. 29, 2017

SEGMENT REPORTING

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

	Three Months Ended
(in thousands)	January 29, 2017		January 24, 2016
Sales to Unaffiliated Customers
Grocery Products	$	417,745	$	392,218
Refrigerated Foods	1,123,039		1,162,121
Jennie-O Turkey Store	420,989		372,066
Specialty Foods	192,629		237,779
International & Other	125,825		128,488
Total	$	2,280,227	$	2,292,672
Intersegment Sales
Grocery Products	$	-	$	-
Refrigerated Foods	2,139		2,330
Jennie-O Turkey Store	28,256		30,403
Specialty Foods	5		-
International & Other	-		-
Total	$	30,400	$	32,733
Intersegment elimination	(30,400)		(32,733)
Total	$	-	$	-
Net Sales
Grocery Products	$	417,745	$	392,218
Refrigerated Foods	1,125,178		1,164,451
Jennie-O Turkey Store	449,245		402,469
Specialty Foods	192,634		237,779
International & Other	125,825		128,488
Intersegment elimination	(30,400)		(32,733)
Total	$	2,280,227	$	2,292,672
Segment Operating Profit
Grocery Products	$	65,627	$	65,273
Refrigerated Foods	173,808		166,908
Jennie-O Turkey Store	68,180		91,303
Specialty Foods	26,749		26,793
International & Other	25,463		24,287
Total segment operating profit	$	359,827	$	374,564
Net interest and investment expense (income)	577		5,370
General corporate expense	4,621		15,132
Less: Noncontrolling interest	156		106
Earnings before income taxes	$	354,785	$	354,168