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 |
| |