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 |
| |