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SEGMENT REPORTING (Tables)
6 Months Ended
Apr. 27, 2014
SEGMENT REPORTING  
Schedule of operating profit and other financial information

 

 

 

 

Three Months Ended

 

Six Months Ended

 

(in thousands)

 

April 27,
2014

 

April 28,
2013

 

April 27,
2014

 

April 28,
2013

 

Sales to Unaffiliated Customers

 

 

 

 

 

 

 

 

 

Grocery Products

 

  $

392,030

 

  $

393,505

 

  $

793,550

 

  $

727,645

 

Refrigerated Foods

 

1,111,244

 

1,011,370

 

2,239,665

 

2,074,771

 

Jennie-O Turkey Store

 

380,425

 

384,739

 

779,825

 

775,073

 

Specialty Foods

 

217,176

 

245,691

 

413,155

 

479,536

 

International & Other

 

143,991

 

117,381

 

261,343

 

211,902

 

Total

 

  $

2,244,866

 

  $

2,152,686

 

  $

4,487,538

 

  $

4,268,927

 

 

 

 

 

 

 

 

 

 

 

Intersegment Sales

 

 

 

 

 

 

 

 

 

Grocery Products

 

  $

-

 

  $

-

 

  $

-

 

  $

-

 

Refrigerated Foods

 

6,601

 

3,296

 

12,347

 

5,739

 

Jennie-O Turkey Store

 

36,870

 

29,562

 

69,999

 

59,983

 

Specialty Foods

 

18

 

22

 

52

 

53

 

International & Other

 

-

 

-

 

-

 

-

 

Total

 

  $

43,489

 

  $

32,880

 

  $

82,398

 

  $

65,775

 

Intersegment elimination

 

(43,489)

 

(32,880)

 

(82,398)

 

(65,775)

 

Total

 

  $

-

 

  $

-

 

  $

-

 

  $

-

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net Sales

 

 

 

 

 

 

 

 

 

Grocery Products

 

  $

392,030

 

  $

393,505

 

  $

793,550

 

  $

727,645

 

Refrigerated Foods

 

1,117,845

 

1,014,666

 

2,252,012

 

2,080,510

 

Jennie-O Turkey Store

 

417,295

 

414,301

 

849,824

 

835,056

 

Specialty Foods

 

217,194

 

245,713

 

413,207

 

479,589

 

International & Other

 

143,991

 

117,381

 

261,343

 

211,902

 

Intersegment elimination

 

(43,489)

 

(32,880)

 

(82,398)

 

(65,775)

 

Total

 

  $

2,244,866

 

  $

2,152,686

 

  $

4,487,538

 

  $

4,268,927

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Segment Operating Profit

 

 

 

 

 

 

 

 

 

Grocery Products

 

  $

54,890

 

  $

47,295

 

  $

111,232

 

  $

97,208

 

Refrigerated Foods

 

75,397

 

54,680

 

160,696

 

108,470

 

Jennie-O Turkey Store

 

52,808

 

51,999

 

112,353

 

110,944

 

Specialty Foods

 

19,134

 

25,967

 

40,389

 

49,728

 

International & Other

 

20,863

 

15,618

 

43,420

 

32,729

 

Total segment operating profit

 

  $

223,092

 

  $

195,559

 

  $

468,090

 

  $

399,079

 

 

 

 

 

 

 

 

 

 

 

Net interest and investment expense (income)

 

3,399

 

2,026

 

5,320

 

3,310

 

General corporate expense

 

7,152

 

9,751

 

16,068

 

16,395

 

Noncontrolling interest

 

616

 

1,121

 

1,726

 

2,450

 

 

 

 

 

 

 

 

 

 

 

Earnings before income taxes

 

  $

213,157

 

  $

184,903

 

  $

448,428

 

  $

381,824