The Hillshire Brands Company reported earnings for the second quarter and first half of fiscal year 2013. Adjusted and reported net sales increased by 2.5% and 0.7%, respectively, to $1.06 billion, and adjusted operating income increased $26 million to $127 million; reported operating income increased $76 million to $99 million.
“Our business is continuing to perform well and I am very pleased with the progress we're making," said Sean Connolly, president and CEO, The Hillshire Brands Company. "Our investment in MAP is strengthening our core brands, our innovation pipeline is becoming more robust, and we remain highly focused on managing costs. We also clearly benefited from favorable input costs, an area that we expect to become more challenging in calendar year 2013. Based on our strong first half results, and taking into account our outlook for the rest of the year, we are raising full year EPS guidance."