Earnings Call Excerpt
Hormel Foods Corporation (HRL)
F4Q08 Earnings Call
November 25, 2008 9:30 am ET
Executives
Kevin Jones – Director of Investor Relations
Jeffrey M. Ettinger – Chairman of the Board, President and Chief Executive Officer
Jody H. Feragen – Senior Vice President and Chief Financial Officer
Analysts
Robert Moskow - Credit Suisse
Timothy Ramey - D. A. Davidson & Co.
Diane Geissler - Merrill Lynch
Farha Aslam - Stephens Inc.
Christina McGlone - Deutsche Bank
Ann Gurkin - Davenport & Co. of Virginia, Inc.
Michael Hamilton - RBC Capital Markets
[Chris Blitzer] – Barclays Capital
[Soc Chay] – KeyBanc Capital Markets
[John McMillen – Lord Abbott]
Presentation
Operator
Ladies and gentlemen thank you for holding and welcome to the Hormel Foods fourth quarter earnings conference call on the 25th of November, 2008. (Operator Instructions) I will now hand the conference over to Kevin Jones. Please go ahead sir.
Kevin Jones
Good morning. Welcome to the Hormel Foods conference call for the fourth quarter of fiscal 2008. We released our results this morning before the market opened around 6:30 AM Central 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, Senior Vice President and Chief Financial Officer. Jeff will provide a review of the operating results for the quarter and the year. Then Jody will provide detailed financial results for the quarter and the year. Jeff will then provide an outlook for fiscal year 2009. The line will be open for questions following Jeff’s closing remarks.
An audio replay of this call will be available beginning at 11:00 AM Central Time today, November 25, 2008. The dial-in number is 800-405-2236 and the access code is 11118122. It will also be posted on our website and archived for one year.
Before we get started with the results of the quarter, I need to reference the safe harbor statement. Some of the comments made today will be forward-looking and are made under the Private Securities Litigation Reform Act of 1995. Actual results may differ materially from those expressed in or implied by the statements we will be making. Among the factors that may affect the operating results of the company are fluctuations in the cost and availability of raw materials and market conditions for finished products.
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