This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
Stocks Under $10 with 50-100% upside potential - 14 days FREE!

Hillshire Brands Reports Fourth Quarter Results And Declares Dividend

The “as adjusted” results shown in this release now include the impact of acquisitions from the date of purchase and exclude the results of exited and disposed of businesses for all periods presented. Previously, these results would have been excluded from our “as adjusted” numbers for the year over year periods in which we did not have comparable results. Organic sales growth, excluding acquisitions, is noted in the discussion of segment continuing operations results below.

Discussion of Continuing Operations Results

Retail

Net sales in the retail segment increased 5.0% in the quarter. Organic sales growth was 1.7%, driven by pricing and favorable mix. Total volume increased 0.8% in the quarter. Organic volume for the quarter declined approximately 1%, partially driven by the timing of Easter (Q3 in fiscal 2012, Q4 in fiscal 2011). Sales of Ball Park’s new Flame Grilled Patties have exceeded expectations and the increased MAP spend in the quarter helped Ball Park Hot Dogs turn in a strong performance over Memorial Day and leading into the Fourth of July. On the Jimmy Dean business, the Meat Lover’s Bowl that was launched in the third quarter continued to show strong sales and high distribution. Aidells had another strong quarter with double digit growth.

Adjusted operating segment income increased by 3.7%; primarily driven by positive pricing to commodities and the inclusion of a full quarter of Aidells performance. The benefit of pricing and acquisitions was partially offset by higher distribution expense.

For the full year, Retail adjusted net sales increased 4.5%. Organic sales growth was 0.7%, driven primarily by pricing which was offset by lower volume and discounts to move aged inventory. Adjusted operating segment income decreased 0.6% in fiscal 2012 as improvements in SG&A, positive pricing to commodities and the inclusion of a full year of Aidells performance were offset by lower volumes and higher distribution costs.

3 of 9

Select the service that is right for you!

COMPARE ALL SERVICES
Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!
DOW 16,960.57 -123.23 -0.72%
S&P 500 1,978.34 -9.64 -0.48%
NASDAQ 4,449.5640 -22.5440 -0.50%

Brokerage Partners

Rates from Bankrate.com

  • Mortgage
  • Credit Cards
  • Auto

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs