The Hillshire Brands Co. reported results for the fourth quarter and full fiscal year 2014. Fourth quarter net sales grew 10.7% to $1.1 billion, while fourth quarter adjusted operating income grew 18.8%; reported operating income grew 20.9%. Full-year net sales grew 4.2% to $4.1 billion with growth in both operating segments.
"I am pleased with our results for fiscal year 2014, which culminated in a very strong fourth quarter," said Sean Connolly, president and chief executive officer of The Hillshire Brands Company. "Despite acute cost inflation, we delivered better than expected performance through a disciplined approach to brand building, pricing and cost management."