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SFD > SEC Filings for SFD > Form 8-K on 14-Jun-2012All Recent SEC Filings

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Form 8-K for SMITHFIELD FOODS INC


14-Jun-2012

Results of Operations and Financial Condition


Item 2.02 Results of Operations and Financial Condition.

On June 14, 2012, the Registrant issued a press release announcing its results for fiscal year 2012 and the fourth quarter of fiscal 2012, which ended April 29, 2012. The information contained in the press release, which is attached as Exhibit 99.1 to this report, is incorporated herein by reference. The press release contains certain non-GAAP financial information about the Registrant. The Registrant has reconciled the non-GAAP financial measures to the GAAP financial measures, which are contained within the press release. The reconciliations of non-GAAP financial measures use financial measures computed in accordance with GAAP as a starting point. The GAAP measures are adjusted by the impact of certain significant items to arrive at the non-GAAP financial measures. Management believes that these non-GAAP financial measures reflect an additional way of viewing aspects of our business that, when viewed together with our financial results computed in accordance with GAAP, provide a more complete understanding of factors and trends affecting our historical financial performance and projected future operating results. This combined view of GAAP and non-GAAP measures also provides greater transparency of underlying profit trends and better comparability of results across periods. Additionally, investors frequently request information from management regarding significant items and management believes, based on feedback it has received during earnings calls and discussions with investors, that these non-GAAP measures enhance investors' ability to assess our historical performance and to project future financial performance. These non-GAAP financial measures are not intended to be a substitute for the comparable GAAP measures and should be read only in conjunction with our consolidated financial statements prepared in accordance with GAAP. Management also uses certain non-GAAP financial measures, in conjunction with the GAAP financial measures, to understand, manage and evaluate our businesses and in planning for and forecasting financial results for future periods.
Section 9 - Financial Statements and Exhibits Item 9.01 Financial Statements and Exhibits.

(d) Exhibits

99.1 Press release, dated June 14, 2012, announcing the Registrant's results for fiscal year 2012 and the fourth quarter of fiscal 2012, which ended April 29, 2012.


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