(In Thousands) 2004 2003 2002 Sales to Unaffiliated Customers Grocery Products $ 758,256 $ 754,331 $ 735,802 Refrigerated Foods 2,300,399 2,019,753 1,982,137 Jennie-O Turkey Store 1,052,682 924,430 881,935 Specialty Foods 467,581 315,177 128,826 All Other 200,957 186,637 181,614 Total $4,779,875 $4,200,328 $3,910,314 Intersegment Sales Grocery Products $ 10 $ 2 $ 0 Refrigerated Foods 10,122 3,801 3,383 Jennie-O Turkey Store 69,468 53,285 60,998 Specialty Foods 58 43 71 All Other 92,551 77,901 65,927 Total 172,209 135,032 130,379 Intersegment elimination (172,209) (135,032) (130,379) Total $ 0 $ 0 $ 0 Net Sales Grocery Products $ 758,266 $ 754,333 $ 735,802 Refrigerated Foods 2,310,521 2,023,554 1,985,520 Jennie-O Turkey Store 1,122,150 977,715 942,933 Specialty Foods 467,639 315,220 128,897 All Other 293,508 264,538 247,541 Intersegment elimination (172,209) (135,032) (130,379) Total $4,779,875 $4,200,328 $3,910,314 Segment Operating Profit Grocery Products $ 128,838 $ 152,808 $ 150,372 Refrigerated Foods 141,361 103,167 71,245 Jennie-O Turkey Store 78,593 41,069 68,517 Specialty Foods 25,674 17,986 9,574 All Other 23,278 25,743 24,816 Total Segment Operating Profit 397,744 340,773 324,524 Net interest and investment income (12,779) (21,079) (24,280) General corporate expense (20,400) (30,363) (6,274) Earnings Before Income Taxes $ 364,565 $ 289,331 $ 293,970 Assets Grocery Products $ 177,041 $ 182,706 $ 196,618 Refrigerated Foods 570,557 521,108 515,778 Jennie-O Turkey Store 704,051 719,281 709,454 Specialty Foods 368,205 382,029 106,911 All Other 152,422 201,488 181,727 Corporate 561,692 386,509 509,708 Total $2,533,968 $2,393,121 $2,220,196 Diluted (In Thousands, Gross Net Earnings Except Per Share Data) Net Sales Profit Earnings Per Share 2004 First quarter $1,135,533 $271,776 $51,826 $0.37 Second quarter 1,143,127 273,419 53,651 0.38 Third quarter 1,155,999 256,928 56,343 0.40 Fourth quarter 1,345,216 318,882 69,843 0.50 2003 First quarter $1,018,450 $252,165 $46,940 $0.34 Second quarter 1,002,602 238,448 33,801 0.24 Third quarter 1,009,395 227,187 34,673 0.25 Fourth quarter 1,169,881 295,353 70,365 0.50 (In Thousands) 2004 2003 2002 Additions to Property, Plant,  and Equipment Grocery Products $ 3,761 $ 6,528 $ 4,667 Refrigerated Foods 40,278 18,221 31,081 Jennie-O Turkey Store 20,706 26,925 18,989 Specialty Foods 4,373 1,950 479 All Other 1,826 3,183 1,746 Corporate 9,419 10,297 7,503 Total $80,363 $67,104 $64,465 Depreciation and Amortization Grocery Products $ 5,597 $ 5,912 $ 5,926 Refrigerated Foods 25,676 24,996 26,531 Jennie-O Turkey Store 32,927 31,161 30,775 Specialty Foods 14,033 8,721 1,483 All Other 3,051 3,243 3,268 Corporate 13,461 13,987 15,255 Total $94,745 $88,020 $83,238 Sales and operating profits for each of the company’s business segments and reconciliation to earnings before income taxes are set forth below. The company is an integrated enterprise, charac- terized by substantial intersegment cooperation, cost allocations, and sharing of assets. Therefore, we do not represent that these segments, if operated independently, would report the operating profit and other financial information shown below. > note L Quarterly Results of Operations (Unaudited) The following tabulations reflect the unaudited quarterly results  of operations for the years ended October 30, 2004, and  October 25, 2003: 46 Hormel Foods Corporation