Hormel Foods Management Discusses Q2 2012 Results - Earnings Call Transcript

Hormel Foods (HRL)

Q2 2012 Earnings Call

May 23, 2012 9:30 am ET

Executives

Kevin C. Jones - Director of Investor Relations

Jeffrey M. Ettinger - Chairman, Chief Executive Officer and President

Jody H. Feragen - Chief Financial Officer, Executive Vice President and Director

Analysts

Farha Aslam - Stephens Inc., Research Division

Christine McCracken - Cleveland Research Company

Diane Geissler - Credit Agricole Securities (USA) Inc., Research Division

Timothy S. Ramey - D.A. Davidson & Co., Research Division

Lindsay Drucker Mann - Goldman Sachs Group Inc., Research Division

Akshay S. Jagdale - KeyBanc Capital Markets Inc., Research Division

Kenneth B. Zaslow - BMO Capital Markets U.S.

Robert Moskow - Crédit Suisse AG, Research Division

Eric Larson

Ann H. Gurkin - Davenport & Company, LLC, Research Division

Presentation

Operator

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Good day, ladies and gentlemen. Thank you for standing by. Welcome to the Hormel Foods Second Quarter Earnings Conference Call. [Operator Instructions] This conference is being recorded today, May 23, 2012.

I would now like to turn the conference over to Kevin Jones, Director of Investor Relations. Please go ahead, sir.

Kevin C. Jones

Good morning, everyone. Welcome to the Hormel Foods conference call for the second quarter of fiscal 2012. We released our results this morning before the market opened around 6:30 a.m. Eastern Time. If you did not receive a copy of the release, you can find it on our website at www.hormelfoods.com under the Investors section.

On our call today is Jeff Ettinger, Chairman of the Board, President and Chief Executive Officer; and Jody Feragen, Executive Vice President and Chief Financial Officer. Jeff will provide a review of the operating results for the quarter, then Jody will provide detailed financial results. The line will be open for questions following Jody's remarks. An audio replay of this call will be available beginning at 10:30 a.m. Central Time, May 23, 2012. The dial-in number is [phone], and the access code is 4535051. It will also be posted to our website and archived for one year.

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