Hormel Foods raised its full-year earnings outlook this week on the back of a "record" first quarter. The US company stressed it was able to increase earnings by 23% in spite of lower sales - the consequence of avian influenza hitting its Jennie-O turkey business. Hormel's management shared some insight into what it believes it is getting right at the Consumer Analyst Group of New York conference this week. Here are just-food's key takeaways.