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

4-Traders Homepage  >  Equities  >  Nyse  >  Tyson Foods    TSN

Mes dernières consult.
Most popular
News SummaryMost relevantAll newsofficial PublicationsSector newsTweets

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 [email protected] and Melodie Warner at [email protected]

share with twitter share with LinkedIn share with facebook
share via e-mail
Latest news on TYSON FOODS
04/23Tyson Foods to Hold Second Quarter Earnings Call May 7
04/23TYSON FOODS : Flashfood Partners with Tyson Innovation Lab to Offer High-Quality..
04/23TYSON FOODS' : Workforce Education Initiative Continues to Expand; Upward Academ..
04/19TYSON FOODS : Trademark Application for "UN-MESS-STEAK-ABLE" Filed by Tyson Food..
04/13HOSTESS BRANDS, INC. (NASDAQ : TWNK) Files An 8-K Departure of Directors or Cert..
04/13TYSON FOODS : Recognizes Suppliers of the Year; Seven Companies Selected for Ann..
04/12TYSON FOODS : Donates Over $240,000 and Truckload of Protein to Kansas Food Bank
04/10TYSON FOODS : Consumers, packers demanding BQA certification
04/08TYSON FOODS : donates 40,000 pounds of chicken toward Scouting for Food drive
04/07TYSON FOODS : UFCW Expand Workplace Safety Efforts
More news
News from SeekingAlpha
04/20International Paper Is A Buy At Current Prices - Cramer's Lightning Round (4/.. 
04/19Tyson closes Georgia plant after fire 
04/10Leucadia National's Game-Changing Strategy 
04/06Soft commodities, farm equipment makers slump on tariff threat 
04/02Tariff concerns hit Tyson Foods 
Financials ($)
Sales 2018 40 964 M
EBIT 2018 3 570 M
Net income 2018 2 975 M
Debt 2018 8 635 M
Yield 2018 1,88%
P/E ratio 2018 8,54
P/E ratio 2019 10,19
EV / Sales 2018 0,83x
EV / Sales 2019 0,81x
Capitalization 25 432 M
Duration : Period :
Tyson Foods Technical Analysis Chart | TSN | US9024941034 | 4-Traders
Technical analysis trends TYSON FOODS
Short TermMid-TermLong Term
Income Statement Evolution
Mean consensus OUTPERFORM
Number of Analysts 15
Average target price 82,1 $
Spread / Average Target 19%
EPS Revisions
Thomas P. Hayes President, Chief Executive Officer & Director
John H. Tyson Chairman
Stewart F. Glendinning Chief Financial Officer
Devin Graham Vice President-Technology
Scott J. Spradley Chief Technology Officer
Sector and Competitors
1st jan.Capitalization (M$)
TYSON FOODS-14.64%25 432
HORMEL FOODS-2.58%18 772
WH GROUP LTD-5.86%15 465
JBS SA-6.52%7 343
BRF - BRASIL FOODS SA-30.68%6 049