Hormel Foods Management Discusses Q3 2012 Results - Earnings Call Transcript

Hormel Foods (HRL)

Q3 2012 Earnings Call

August 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

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

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

Mark E. Williams - Janney Montgomery Scott LLC, Research Division

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

Christine McCracken - Cleveland Research Company

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

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

Alan Brochstein

Presentation

Operator

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Good day, ladies and gentlemen, thank you for standing by. Welcome to the Hormel Foods Third Quarter Earnings Conference Call. [Operator Instructions] This conference is being recorded today, August 23, 2012. I would now like to turn the conference over to Kevin Jones. Please go ahead.

Kevin C. Jones

Thank you. Good morning, everyone. Welcome to the Hormel Foods Conference Call for the Third 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 for the quarter. The line will be open for questions following Jody's remarks. [Operator Instructions] An audio replay of this call will be available beginning at 10:30 a.m. Central Time today, August 23, 2012. The dial-in number is [phone] and the access code is 4556709. It will also be posted to our website and archived for 1 year.

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