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SEGMENT REPORTING
 3 Months Ended
Jan. 24, 2021
Segment Reporting [Abstract]  
SEGMENT REPORTING SEGMENT REPORTING
 
The Company develops, processes, and distributes a wide array of food products in a variety of markets. The Company reports its results in the following four segments: Grocery Products, Refrigerated Foods, Jennie-O Turkey Store, and International & Other.
 
The Grocery Products segment consists primarily of the processing, marketing, and sale of shelf-stable food products sold predominantly in the retail market, along with the sale of nutritional and private label shelf-stable products to retail, foodservice, and industrial customers. This segment also includes the results from the Company’s MegaMex Foods, LLC joint venture (MegaMex).
 
The Refrigerated Foods segment consists primarily of the processing, marketing, and sale of branded and unbranded pork, beef, and poultry products for retail, foodservice, deli, and commercial customers.
 
The Jennie-O Turkey Store segment consists primarily of the processing, marketing, and sale of branded and unbranded turkey products for retail, foodservice, and commercial customers.
 
The International & Other segment includes Hormel Foods International which manufactures, markets, and sells Company products internationally. This segment also includes the results from the Company’s international joint ventures and royalty arrangements.
 
Intersegment sales are recorded at prices that approximate cost and are eliminated in the Consolidated Statements of Operations. The Company does not allocate deferred compensation, investment income, interest expense, or interest income to its segments when measuring performance. The Company also retains various other income and expenses at the corporate level. Equity in Earnings of Affiliates is included in segment profit; however, earnings attributable to the Company’s noncontrolling interests are excluded. These items are included below as Net Unallocated Expense and Noncontrolling Interest when reconciling 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, 2021January 26, 2020
Sales to Unaffiliated Customers  
Grocery Products$577,599 $540,626 
Refrigerated Foods1,367,077 1,351,790 
Jennie-O Turkey Store333,321 330,128 
International & Other183,150 161,890 
Total$2,461,147 $2,384,434 
Intersegment Sales
Grocery Products$— $7 
Refrigerated Foods5,957 5,803 
Jennie-O Turkey Store26,692 27,842 
International & Other— — 
Total32,650 33,652 
Intersegment Elimination(32,650)(33,652)
Total$— $— 
Net Sales
Grocery Products$577,599 $540,633 
Refrigerated Foods1,373,034 1,357,593 
Jennie-O Turkey Store360,013 357,970 
International & Other183,150 161,890 
Intersegment Elimination(32,650)(33,652)
Total$2,461,147 $2,384,434 
Segment Profit
Grocery Products$92,202 $68,435 
Refrigerated Foods141,171 167,343 
Jennie-O Turkey Store26,940 38,551 
International & Other32,204 19,952 
Total Segment Profit292,517 294,280 
Net Unallocated Expense15,547 4,199 
Noncontrolling Interest112 81 
Earnings Before Income Taxes$277,082 $290,162 

Revenue has been disaggregated into the categories below to show how sales channels affect the nature, amount, timing, and uncertainty of revenue and cash flows. The amount of total revenues contributed by sales channel for the thirteen weeks are:
 Thirteen Weeks Ended
(in thousands)January 24, 2021January 26, 2020
U.S. Retail$1,390,628 $1,226,430 
U.S. Foodservice586,336 709,106 
U.S. Deli279,259 260,638 
International204,924 188,260 
Total$2,461,147 $2,384,434 

The shift in revenues from the U.S. Foodservice to U.S. Retail channel in first quarter of fiscal 2021 was driven by the COVID-19 pandemic and subsequent restrictions.
The Company’s products primarily consist of meat and other food products. The amount of total revenues contributed by classes of similar products are: 
 Thirteen Weeks Ended
(in thousands)January 24, 2021January 26, 2020
Perishable$1,376,821 $1,400,195 
Shelf-stable523,936 450,704 
Poultry474,651 459,083 
Miscellaneous85,739 74,452 
Total$2,461,147 $2,384,434 

Perishable includes fresh meats, frozen items, refrigerated meal solutions, sausages, hams, guacamole, and bacon (excluding Jennie-O Turkey Store products). Shelf-stable includes canned luncheon meats, nut butters, chilies, shelf-stable microwaveable meals, hash, stews, salsas, tortilla chips, and other items that do not require refrigeration. The Poultry category is composed primarily of Jennie-O Turkey Store products. The Miscellaneous category primarily consists of nutritional food products and supplements, dessert and drink mixes, and industrial gelatin products. The increase in Shelf-stable sales in the first quarter of fiscal 2021 was driven by consumer demand during the COVID-19 pandemic.