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Annie's CEO Discusses F1Q13 Results - Earnings Call Transcript

Additional information is also available in our Annual Report filed on Form 10-K for the fiscal year ended March 31, 2012. All information provided in our release and in the enticement today is as of July 24, 2012 and we undertake no duty to update this information for any reason, unless required by law.

Certain financial measures that we use on this conference call such as adjusted net income are not prepared in accordance with GAAP, and have been adjusted to eliminate the impact of certain non-recurring, expired or non-cash expenses or charges, as the case maybe. Our GAAP results and reconciliation of GAAP to non-GAAP financial measures can be found in our earnings press release.

This conference call is being webcast, and an archive of the webcast will be available on the investor relations section of our website at Annies.com, it’s also available live at this time.

In addition, on July 17, 2012 we filed a registration statement for a follow-on offering by certain of our existing stockholders of up to 3.65 million shares of our common stock, which includes an over allotment option granted to the underwriters. In the secondary offering, no shares will be sold by the company, and therefore the company will not receive any proceeds from the offering.

The company will assume certain expenses of the offering as set forth in the registration statement. This offering is tending and there can be no assurances as to when it maybe completed if it all. We will not comment further regarding the follow-on offering on this call, either in our prepared remarks or in the Q&A session that follows.

Now, I will turn the call over to John. Please go ahead.

John M. Foraker

Thank you. And thank you everyone for joining us today as we report Annie’s first quarter of fiscal 2013, and our second quarter as a public company. Today, I’ll provide a brief overview of our business results in the quarter, and we’ll then turn the call over to Kelly Kennedy, our CFO to review our financials. For the first quarter, we’re reporting solid financial results driven by robust consumer trends and good execution across the business.

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