The Hillshire Brands Company (NYSE: HSH) presented today at the Consumer Analyst Group of New York’s (CAGNY) annual conference. Sean Connolly, president and chief executive officer, and Maria Henry, chief financial officer, provided an overview on the progress the company has made against its strategies.
“We have made broad-based progress against our plan,” said Connolly. “Hillshire Brands competes in attractive and profitable categories. Our disciplined investment in brand building and innovation, coupled with our focus on cost management, positions us to generate strong and sustainable shareholder returns.”
Specifically, Connolly cited the progress the company has made in increasing operating income, earnings per share and total shareholder return since it debuted as a public company in the summer of 2012. He also mentioned he expects further progress driven by a strong innovation slate that will launch in the next few months.
The company’s core brands – Jimmy Dean, Ball Park, Hillshire Farm, State Fair, Aidell’s, Gallo, Golden Island, Chef Pierre and Sara Lee – are leaders in their respective categories. To support these brands, the company has ramped up innovation, driven distribution gains and intends to increase MAP investment to five percent of sales by the end of fiscal 2015.The presentation highlighted numerous new product line extensions and adjacent innovations. Additionally, it covered capital deployment plans and touched on the company’s increased dividend and expected share repurchases of $200 million through fiscal 2015. The company also described its strategy to leverage its assets and capabilities through M&A activity. About The Hillshire Brands Company The Hillshire Brands Company (NYSE: HSH) is a leader in branded foods. The company generated approximately $4 billion in annual sales in fiscal 2013, has more than 9,000 employees, and is based in Chicago. Hillshire Brands’ portfolio includes iconic brands such as Jimmy Dean, Ball Park, Hillshire Farm, State Fair, Sara Lee frozen bakery and Chef Pierre pies, as well as artisanal brands Aidells, Gallo Salame and Golden Island premium jerky. For more information on the company, please visit www.hillshirebrands.com. Forward-Looking Statements This release contains forward-looking statements regarding Hillshire Brands' business prospects and future financial results and metrics, including statements contained under the heading “CEO Perspective,” and “Outlook.” Forward-looking statements are typically preceded by terms such as “will,” “anticipates,” “intends,” “expects,” “plans,” “likely” or “believes” and other similar terms. These forward-looking statements are based on currently available competitive, financial and economic data and management's views and assumptions regarding future events and are inherently uncertain.