Log in
Login
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
Settings
Settings
Dynamic quotes 

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

Delayed Quote. Delayed  - 07/22 10:00:18 pm
72.39 USD   +1.77%
07/22TYSON FOODS, IN : There is still some upside potential
07/21 TYSON FOODS : Gives $266,000 to Logan County Career Center
07/20 TYSON FOODS : Groundbreaking for career center takes place today
SummaryQuotesChartsNewsAnalysisCalendarCompanyFinancialsConsensusRevisions 
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
0
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
0
Latest news on TYSON FOODS, INC.
07/21 TYSON FOODS : Gives $266,000 to Logan County Career Center
07/20 TYSON FOODS : Groundbreaking for career center takes place today
07/17 TYSON FOODS : NC poultry industry says it will give homeowners more space from c..
07/13 TYSON FOODS : LULAC Donate Truckload of Protein to Capital Area Food Bank
07/12 TYSON FOODS : 87th Annual LULAC National Convention and Exposition Unveils Voter..
07/11 TYSON FOODS : Grassley Seeks Solution to Restore Jobs at Defunct Tyson Plant in ..
07/05 TYSON FOODS : Walla Walla Union-Bulletin, Wash., Vicki Hillhouse column
07/04 PILGRIM PRIDE : Report Blames Tyson, Pilgrim's Pride and Others for Manure in Te..
06/29 TYSON FOODS : will help build career center
06/28 TYSON FOODS : Tesla Motors trade offers an 46% return in 53 days, or find simila..
More news
Sector news : Animal Slaughtering & Processing
08:49aDJHershey Trust Agrees To Changes -- WSJ
08:48aDJWHAT'S NEWS : Business & Finance -- WSJ
02:16a HERSHEY : reaches in-principle reform agreement
07/22DJHershey Trust to Reach Settlement With Pennsylvania Attorney General's Office
07/22DJHershey Trust to Reach Settlement With Pennsylvania Attorney General's Office
More sector news : Animal Slaughtering & Processing
News from SeekingAlpha
07/20 Wait For A Pullback In Hormel Foods
07/13 TYSON FOODS : Positioning For Long-Term Growth
07/13 Global Economy Is Showing Strength - Cramer's Mad Money (7/12/16)
07/12 Consumer Staples - Picking The Right Stocks And The Right Time
07/11 Congress halfway to passing GMO labeling bill
Advertisement
Financials ($)
Sales 2016 37 071 M
EBIT 2016 2 839 M
Net income 2016 1 660 M
Debt 2016 5 695 M
Yield 2016 0,82%
P/E ratio 2016 17,03
P/E ratio 2017 16,14
EV / Sales 2016 0,88x
EV / Sales 2017 0,85x
Capitalization 26 824 M
More Financials
Chart TYSON FOODS, INC.
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
TrendsBullishBullishBullish
Technical analysis
Income Statement Evolution
More Financials
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 12
Average target price 75,7 $
Spread / Average Target 4,6%
Consensus details
EPS Revisions
More Estimates Revisions
Managers
NameTitle
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.35.74%26 824
HORMEL FOODS CORP-6.73%19 541
BRF SA-6.20%12 902
WH GROUP LTD38.22%11 408
HENAN SHUANGHUI INVEST..--.--%11 244
PILGRIM'S PRIDE CORPOR..14.03%6 412
More Results