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

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

News SummaryMost relevantAll newsSector 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 CET

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.
02/18 TYSON FOODS : Fire marshal, others expected at Tyson plant today to probe cause ..
02/17 WAL MART STORES : Business briefs
02/16 TYSON FOODS : Tops FORTUNE World's Most Admired List for Food Production
02/16 Tyson Foods Tops FORTUNE World’s Most Admired List for Food Production
02/16 TYSON FOODS : Pay It Forward Civitan’s Backpack Buddies Program is continu..
02/15 TYSON FOODS INC : Change in Directors or Principal Officers (form 8-K)
02/15 TYSON FOODS : Announces Proven New Team to Lead the Way Forward; Enhanced Struct..
02/14 Tyson Foods Announces Proven New Team to Lead the Way Forward
02/14 TYSON FOODS : LULAC and Tyson Foods Donate 33,000 Pounds of Protein to Capital A..
02/14 TYSON FOODS : Announces Quarterly Dividend
More news
Sector news : Animal Slaughtering & Processing
11:32aDJWILMAR INTERNATIONAL : 4th-Quarter Net Profit $560.8 Million, Up 70% on Year
11:31a Kraft in swift reversal on Unilever bid, hitting shares
02/19DJKraft Withdraws $143 Billion Offer for Unilever -- 3rd Update
02/19DJKraft Withdraws $143 Billion Offer for Unilever -- 2nd Update
02/19DJKraft Withdraws $143 Billion Offer for Unilever -- Update
More sector news : Animal Slaughtering & Processing
News from SeekingAlpha
02/15 Tyson Foods shuffles up management roster
02/14 Tyson shakes up leadership, organization chart
02/13 Tyson Foods declares $0.225 dividend
02/09 Tyson Is The Gift That Keeps On Giving
02/09 SYSCO : Wait For A Pullback
Financials ($)
Sales 2017 36 574 M
EBIT 2017 3 079 M
Net income 2017 1 842 M
Debt 2017 5 568 M
Yield 2017 1,39%
P/E ratio 2017 13,07
P/E ratio 2018 12,85
EV / Sales 2017 0,79x
EV / Sales 2018 0,77x
Capitalization 23 295 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 13
Average target price 70,3 $
Spread / Average Target 7,8%
Consensus details
EPS Revisions
More Estimates Revisions
Thomas P. Hayes President, Chief Executive Officer & Director
John H. Tyson Chairman
Noel W. White Chief Operations Officer
Dennis Leatherby Chief Financial Officer & Executive Vice President
Devin Graham Chief Technology Officer
More about the company
Sector and Competitors
1st jan.Capitalization (M$)
TYSON FOODS, INC.5.80%23 295
WH GROUP LTD-4.29%11 367
BRF SA-10.96%11 233
JBS SA5.61%10 609
More Results