Tyson Foods Continues Transition to More Branded Packaged Foods
September 21 2015 - 8:46PM
Tyson Foods, Inc. (NYSE:TSN) executives told investors at the
Barclays Global Consumer Staples Conference today that the company
aspires to be the global innovative leader of food experiences.
"In the coming years, we have our sights set on selling more
branded, protein-centric food, than any other company in the
world," said Chief Commercial Officer and President, Food Service
Tom Hayes. "Our focus is to accelerate profitable growth through
best in class brand building and innovation in the fastest growing
categories in food."
Whether they're eating at home or away from home, consumers
understand the importance of protein as part of a healthy diet, and
protein continues to gain momentum, outpacing the growth rate of
the total food and beverage category at retail, Hayes said. Tyson
Foods' growth will be generated by offering differentiated food
experiences rooted in deep consumer and customer insights, he
added.
Executive Vice President and Chief Financial Officer Dennis
Leatherby told investors that Tyson Foods has been and should
continue to produce more stable earnings and consistent growth.
"We're still on our journey, and we're well positioned only a
year after completing the Hillshire merger," Leatherby
said. "Our goal is to average at least 10% annual earnings per
share growth over time. Our projected three-year CAGR (compounded
annual growth rate) is approximately 17% from fiscal 2012 to
2015."
Challenges in the beef industry have weighed on the company's
results this year, Leatherby said, but strong performances by
Prepared Foods and Chicken reinforce the strategy of moving more of
the product portfolio into value-added, higher-margin
categories.
About Tyson Foods
Tyson Foods, Inc. (NYSE:TSN), with headquarters in Springdale,
Arkansas, is one of the world's largest food companies with leading
brands such as Tyson®, Jimmy Dean®, Hillshire Farm®, Sara Lee®,
Ball Park®, Wright®, Aidells® and State Fair®. It's a
recognized market leader in chicken, beef and pork as well as
prepared foods, including bacon, breakfast sausage, turkey,
lunchmeat, hot dogs, pizza crusts and toppings, tortillas and
desserts. The company supplies retail and foodservice customers
throughout the United States and approximately 130 countries. Tyson
Foods was founded in 1935 by John W. Tyson, whose family has
continued to lead the business with his son, Don Tyson, guiding the
company for many years and grandson, John H. Tyson, serving as the
current chairman of the board of directors. The company currently
has approximately 113,000 Team Members employed at more than 400
facilities and offices in the United States and around the world.
Through its Core Values, Code of Conduct and Team Member Bill of
Rights, Tyson Foods strives to operate with integrity and trust and
is committed to creating value for its shareholders, customers and
Team Members. The company also strives to be faith-friendly,
provide a safe work environment and serve as stewards of the
animals, land and environment entrusted to it.
To download Tyson Foods' free investor relations app, which
offers access to SEC filings, news releases, transcripts, webcasts
and presentations, please visit the App Store for iPhone and iPad
or Google Play for Android mobile devices.
Forward Looking Statements
This release includes forward-looking statements as well as
historical information. These forward-looking statements are made
as of the date of the release and include statements relating to
projected annual earnings per share growth and compounded annual
growth rate. Actual results may vary. Factors that could cause
actual results to differ from those in the forward-looking
statements include, but are not limited to: certain categories in
which our products are sold do not continue to grow or the sales of
our products fall below our expectations; and the risk that revenue
opportunities, cost savings, synergies and other anticipated
benefits from the merger may not be fully realized or may take
longer to realize than expected. Additional information regarding
these and other risks is included in Item 1.A. "Risk Factors" on
our Form 10-K for the period ended September 27, 2014. Tyson
Foods does not assume any obligation to update the information
contained in this communication (whether as a result of new
information, future events or otherwise), except as required by
applicable law.
CONTACT: Media Contact: Gary Mickelson, 479-290-6111
Investor Contact: Jon Kathol, 479-290-4235
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