Log in
Forgot password ?
Become a member for free
Sign up
Sign up
Dynamic quotes 

4-Traders Homepage  >  Equities  >  Nyse  >  Tyson Foods, Inc.    TSN

Delayed Quote. Delayed  - 08/24 10:00:45 pm
75 USD   -0.29%
08/24 Tyson Foods to Webcast Barclays Conference Presentation
08/19 SHELTER STORIES : Cruel and unusual practices
08/18 TYSON FOODS : And Chicago Urban League Announce Chicago As Next City..
News SummaryMost relevantAll newsSector news 

Tyson Foods, Inc. : Tyson Earnings Slide as Consumers Trim Meat Spending

share with twitter share with LinkedIn share with facebook
share via e-mail
05/06/2013 | 02:35pm CEST

Tyson Foods Inc. (TSN) posted weaker-than-expected second-quarter earnings, hurt by tightened consumer spending on meat products at grocery stores and restaurants.

Tyson shares fell 4.3% to $23.86 in recent trading Monday after the meatpacker reported a 43% drop in quarterly profit and cut its full-year sales forecast.

The Springdale, Ark., company said U.S. consumers switched to its lower-priced chicken products from beef, pressuring profit margins in its beef division.

"Higher gas prices and the payroll tax, bad weather and economic uncertainty all weighed on consumers," Chief Executive Donnie Smith said on a conference call with analysts Monday.

Tyson, like other meatpackers, also is facing higher commodity costs, as last year's severe U.S. drought led to higher prices for animal-feed grains and tighter supplies of cattle.

For the quarter ended March 30, Tyson reported a profit of $95 million, or 26 cents a share, down from $166 million, or 44 cents a share, a year earlier. Excluding items such as a currency-translation gain and impairment charges on noncore assets in China, adjusted earnings were 36 cents a share in the most recent quarter.

Sales rose 1.8% to $8.42 billion.

Analysts polled by Thomson Reuters most recently had forecast per-share earnings of 45 cents on revenue of $8.58 billion.

Tyson, the biggest U.S. meat processor by sales, said revenue in its beef division rose 2.3% to $3.44 billion, but volumes fell 3.9%.

Chicken revenue increased 6.3% to $3.1 billion on a 6.2% rise in average prices. Volumes edged up 0.1%.

Pork sales fell 4.4% to $1.31 billion as volumes declined 2.2%.

"Overall, food-service traffic is about flat, but people are ordering fewer items when they visit a restaurant, which means volume is contracting by about half a percent," Mr. Smith said.

Operating margin fell to 2.1% from 3.1% as input costs jumped 3.6%.

The company lowered its full-year sales estimate to about $34.5 billion from its previous forecast of $35 billion.

Write to Kelsey Gee at kelsey.gee@dowjones.com and Melodie Warner at melodie.warner@dowjones.com

share with twitter share with LinkedIn share with facebook
share via e-mail
Latest news on TYSON FOODS, INC.
08/24 Tyson Foods to Webcast Barclays Conference Presentation
08/19 SHELTER STORIES : Cruel and unusual practices
08/18 TYSON FOODS : And Chicago Urban League Announce Chicago As Next City For KNOW Hu..
08/17 TYSON FOODS : Why should we vote for a liar?
08/16 TYSON FOODS : fined $263,000 after amputation at Texas plant
08/16 Biz quicks
08/11 TYSON FOODS : Video showing cruelty at Tyson chicken farms prompts firings
08/08 Tyson Foods, Inc. Announces Quarterly Dividend
08/08DJMARKET SNAPSHOT : Stocks Back Off All-time Highs As Health-care Stocks Slump
08/08DJMARKET SNAPSHOT : Stocks Retreat From Records As Health-care Stocks Slump
More news
Sector news : Animal Slaughtering & Processing
08:49aDJGENERAL MILLS : Lines Up Its Next Leader -- WSJ
08/24DJGENERAL MILLS : Grooms Jeff Harmening as Next CEO
08/23 DANONE : Lactalis ready to discuss milk prices with angry French farmers
08/23DJJ M SMUCKER : Smucker Reports Sales Decline
08/23DJIOI BHD : Malaysia's IOI Corp Swings to Loss in 4Q
More sector news : Animal Slaughtering & Processing
News from SeekingAlpha
08/23 2016 IPO PROSPECTS : Blue Apron Cooking Up An IPO
08/22 TYSON FOODS : A Stock For Long-Term Investors
08/18 Are You On Top Of Earnings Season?
08/09 Tyson's Margin Upside Is Limited
08/08 Tyson Foods declares $0.15 dividend
Financials ($)
Sales 2016 37 115 M
EBIT 2016 2 947 M
Net income 2016 1 788 M
Debt 2016 5 824 M
Yield 2016 0,80%
P/E ratio 2016 16,63
P/E ratio 2017 15,64
EV / Sales 2016 0,90x
EV / Sales 2017 0,88x
Capitalization 27 559 M
More Financials
Duration : Period :
Tyson Foods, Inc. Technical Analysis Chart | TSN | US9024941034 | 4-Traders
Full-screen chart
Technical analysis trends TYSON FOODS, INC.
Short TermMid-TermLong Term
Technical analysis
Income Statement Evolution
More Financials
Mean consensus OUTPERFORM
Number of Analysts 11
Average target price 82,2 $
Spread / Average Target 9,6%
Consensus details
EPS Revisions
More Estimates Revisions
Donald J. Smith Chief Executive Officer & Director
Thomas P. Hayes President
John H. Tyson Chairman
Dennis Leatherby Chief Financial Officer & Executive Vice President
Kevin M. McNamara Independent Director
More about the company
Sector and Competitors
1st jan.Capitalization (M$)
TYSON FOODS, INC.40.63%27 559
BRF SA-0.68%13 580
WH GROUP LTD43.25%11 828
More Results