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SEGMENT REPORTING (Tables) | 3 Months Ended
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Jan. 24, 2021
Segment Reporting [Abstract] |
Schedule of sales and operating profits for each of the reportable segments and reconciliation to earnings before income taxes | Sales and operating profits for each of the Company’s reportable segments and reconciliation to Earnings Before Income Taxes are set forth below. The Company is an integrated enterprise, characterized by substantial intersegment cooperation, cost allocations, and sharing of assets. Therefore, the Company does not represent that these segments, if operated independently, would report the profit and other financial information shown below.
| Thirteen Weeks Ended |  |  |
(in thousands) | January 24, 2021 |  | January 26, 2020 |  |  |  |  |  |  |  |
Sales to Unaffiliated Customers |  |  |  |  |  |  |  |  |  |  |
Grocery Products | $ | 577,599 |  |  | $ | 540,626 |  |  |  |  |  |  |  |  |
Refrigerated Foods | 1,367,077 |  |  | 1,351,790 |  |  |  |  |  |  |  |  |
Jennie-O Turkey Store | 333,321 |  |  | 330,128 |  |  |  |  |  |  |  |  |
International & Other | 183,150 |  |  | 161,890 |  |  |  |  |  |  |  |  |
Total | $ | 2,461,147 |  |  | $ | 2,384,434 |  |  |  |  |  |  |  |  |
Intersegment Sales |  |  |  |  |  |  |  |  |  |  |
Grocery Products | $ | — |  |  | $ | 7 |  |  |  |  |  |  |  |  |
Refrigerated Foods | 5,957 |  |  | 5,803 |  |  |  |  |  |  |  |  |
Jennie-O Turkey Store | 26,692 |  |  | 27,842 |  |  |  |  |  |  |  |  |
International & Other | — |  |  | — |  |  |  |  |  |  |  |  |
Total | 32,650 |  |  | 33,652 |  |  |  |  |  |  |  |  |
Intersegment Elimination | (32,650) |  |  | (33,652) |  |  |  |  |  |  |  |  |
Total | $ | — |  |  | $ | — |  |  |  |  |  |  |  |  |
Net Sales |  |  |  |  |  |  |  |  |  |  |
Grocery Products | $ | 577,599 |  |  | $ | 540,633 |  |  |  |  |  |  |  |  |
Refrigerated Foods | 1,373,034 |  |  | 1,357,593 |  |  |  |  |  |  |  |  |
Jennie-O Turkey Store | 360,013 |  |  | 357,970 |  |  |  |  |  |  |  |  |
International & Other | 183,150 |  |  | 161,890 |  |  |  |  |  |  |  |  |
Intersegment Elimination | (32,650) |  |  | (33,652) |  |  |  |  |  |  |  |  |
Total | $ | 2,461,147 |  |  | $ | 2,384,434 |  |  |  |  |  |  |  |  |
Segment Profit |  |  |  |  |  |  |  |  |  |  |
Grocery Products | $ | 92,202 |  |  | $ | 68,435 |  |  |  |  |  |  |  |  |
Refrigerated Foods | 141,171 |  |  | 167,343 |  |  |  |  |  |  |  |  |
Jennie-O Turkey Store | 26,940 |  |  | 38,551 |  |  |  |  |  |  |  |  |
International & Other | 32,204 |  |  | 19,952 |  |  |  |  |  |  |  |  |
Total Segment Profit | 292,517 |  |  | 294,280 |  |  |  |  |  |  |  |  |
Net Unallocated Expense | 15,547 |  |  | 4,199 |  |  |  |  |  |  |  |  |
Noncontrolling Interest | 112 |  |  | 81 |  |  |  |  |  |  |  |  |
Earnings Before Income Taxes | $ | 277,082 |  |  | $ | 290,162 |  |  |  |  |  |  |  |  |
Schedule of total revenues contributed by sales channels and classes of similar products | The amount of total revenues contributed by sales channel for the thirteen weeks are:
| Thirteen Weeks Ended |  |  |  |
(in thousands) | January 24, 2021 |  | January 26, 2020 |  |  |  |  |  |  |  |
U.S. Retail | $ | 1,390,628 |  |  | $ | 1,226,430 |  |  |  |  |  |  |  |  |
U.S. Foodservice | 586,336 |  |  | 709,106 |  |  |  |  |  |  |  |  |
U.S. Deli | 279,259 |  |  | 260,638 |  |  |  |  |  |  |  |  |
International | 204,924 |  |  | 188,260 |  |  |  |  |  |  |  |  |
Total | $ | 2,461,147 |  |  | $ | 2,384,434 |  |  |  |  |  |  |  |  |
The amount of total revenues contributed by classes of similar products are:
| Thirteen Weeks Ended |  |  |  |
(in thousands) | January 24, 2021 |  | January 26, 2020 |  |  |  |  |  |  |  |
Perishable | $ | 1,376,821 |  |  | $ | 1,400,195 |  |  |  |  |  |  |  |  |
Shelf-stable | 523,936 |  |  | 450,704 |  |  |  |  |  |  |  |  |
Poultry | 474,651 |  |  | 459,083 |  |  |  |  |  |  |  |  |
Miscellaneous | 85,739 |  |  | 74,452 |  |  |  |  |  |  |  |  |
Total | $ | 2,461,147 |  |  | $ | 2,384,434 |  |  |  |  |  |  |  |  |

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