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SEGMENT REPORTING (Tables)
6 Months Ended
Apr. 28, 2013
SEGMENT REPORTING  
Schedule of operating profit and other financial information

 

 

 

 

Three Months Ended

 

Six Months Ended

 

(in thousands)

 

April 28,
2013

 

April 29,
2012

 

April 28,
2013

 

April 29,
2012

 

Sales to Unaffiliated Customers

 

 

 

 

 

 

 

 

 

Grocery Products

 

$

393,505

 

$

263,993

 

$

727,645

 

$

533,472

 

Refrigerated Foods

 

1,011,370

 

1,031,975

 

2,074,771

 

2,115,500

 

Jennie-O Turkey Store

 

384,739

 

391,053

 

775,073

 

768,424

 

Specialty Foods

 

245,691

 

228,947

 

479,536

 

446,971

 

International & Other

 

117,381

 

96,891

 

211,902

 

187,931

 

Total

 

$

2,152,686

 

$

2,012,859

 

$

4,268,927

 

$

4,052,298

 

 

 

 

 

 

 

 

 

 

 

Intersegment Sales

 

 

 

 

 

 

 

 

 

Grocery Products

 

$

 

$

 

$

 

$

 

Refrigerated Foods

 

3,296

 

3,131

 

5,739

 

5,544

 

Jennie-O Turkey Store

 

29,562

 

32,585

 

59,983

 

62,720

 

Specialty Foods

 

22

 

26

 

53

 

67

 

International & Other

 

 

 

 

 

Total

 

$

32,880

 

$

35,742

 

$

65,775

 

$

68,331

 

Intersegment elimination

 

(32,880

)

(35,742

)

(65,775

)

(68,331

)

Total

 

$

 

$

 

$

 

$

 

 

 

 

 

 

 

 

 

 

 

Net Sales

 

 

 

 

 

 

 

 

 

Grocery Products

 

$

393,505

 

$

263,993

 

$

727,645

 

$

533,472

 

Refrigerated Foods

 

1,014,666

 

1,035,106

 

2,080,510

 

2,121,044

 

Jennie-O Turkey Store

 

414,301

 

423,638

 

835,056

 

831,144

 

Specialty Foods

 

245,713

 

228,973

 

479,589

 

447,038

 

International & Other

 

117,381

 

96,891

 

211,902

 

187,931

 

Intersegment elimination

 

(32,880

)

(35,742

)

(65,775

)

(68,331

)

Total

 

$

2,152,686

 

$

2,012,859

 

$

4,268,927

 

$

4,052,298

 

 

 

 

 

 

 

 

 

 

 

Segment Operating Profit

 

 

 

 

 

 

 

 

 

Grocery Products

 

$

47,295

 

$

42,858

 

$

97,208

 

$

86,951

 

Refrigerated Foods

 

54,680

 

53,009

 

108,470

 

106,758

 

Jennie-O Turkey Store

 

51,999

 

70,198

 

110,944

 

146,960

 

Specialty Foods

 

25,967

 

20,859

 

49,728

 

37,506

 

International & Other

 

15,618

 

12,855

 

32,729

 

25,326

 

Total segment operating profit

 

$

195,559

 

$

199,779

 

$

399,079

 

$

403,501

 

 

 

 

 

 

 

 

 

 

 

Net interest and investment expense (income)

 

2,026

 

945

 

3,310

 

2,569

 

General corporate expense

 

9,751

 

6,088

 

16,395

 

14,815

 

Noncontrolling interest

 

1,121

 

1,048

 

2,450

 

1,986

 

 

 

 

 

 

 

 

 

 

 

Earnings before income taxes

 

$

184,903

 

$

193,794

 

$

381,824

 

$

388,103