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Hormel Foods Corporation (HRL) CEO Jim Snee on Q1 2022 Results - Earnings Call Transcript

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Hormel Foods Corporation (NYSE:HRL) Q1 2022 Earnings Conference Call March 1, 2022 10:00 AM ET

Company Participants

Nathan Annis - Director, Investor Relations

Jim Snee - President, Chief Executive Officer

Jacinth Smiley - EVP and CFO

Conference Call Participants

Kenneth Zaslow - Bank of Montreal

Thomas Palmer - JPMorgan

Peter Galbo - BofA Securities

Rupesh Parikh - Oppenheimer

Benjamin Theurer - Barclays

Michael Lavery - Piper Sandler

Robert Moskow - Credit Suisse

Benjamin Bienvenu - Stephens Inc.

Adam Samuelson - Goldman Sachs

Eric Larson - Seaport Research Partners


Good morning, and welcome to the Hormel Foods First Quarter 2022 Earnings Conference Call. All participants will be in listen-only mode. [Operator Instructions]. After today’s presentation, there will be an opportunity to ask questions. [Operator Instructions]. Please note, this event is being recorded.

I would now like to turn the conference over to Nathan Annis, Director of Investor Relations. Please go ahead.

Nathan Annis

Good morning. Welcome to the Hormel Foods conference call for the first quarter of fiscal 2022. We released our results this morning before the market opened, around 6:30 a.m. Eastern. If you did not receive a copy of the release, you can find it on our website at hormelfoods.com under the Investors section.

On our call today is Jim Snee, Chairman of the Board, President and Chief Executive Officer; and Jacinth Smiley, Executive Vice President and Chief Financial Officer. Jim Snee will provide a review of the company's first quarter results, strategic initiatives and a perspective on the rest of 2022. Jacinth Smiley will provide detailed financial results and further commentary on the first quarter and our outlook. The line will be open for questions following Jacinth's remarks. As a courtesy to the other analysts, please limit yourself to one question with one follow-up. If you have additional questions, you are welcome to get back into the queue.

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