Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
Settings
Settings
Dynamic quotes 
OFFON

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

SummaryQuotesChartsNewsAnalysisCalendarCompanyFinancialsConsensusRevisions 
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
0
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
0
Latest news on TYSON FOODS, INC.
01/20 Tyson Foods Annual Meeting of Shareholders Scheduled for Feb. 9
01/20 Tyson Foods 1st Quarter Earnings Call Scheduled for Feb. 6
01/12 TYSON FOODS : Announces Collaboration with North Carolina A & T State University
01/04 TYSON FOODS : Five To Be Inducted Into Arkansas Agriculture Hall Of Fame
01/03 TYSON FOODS, INC. (NASDAQ : TSN) Files An 8-K Departure of Directors or Certain ..
01/03 TYSON FOODS INC : Change in Directors or Principal Officers (form 8-K)
2016 Purcell Julie & Lefkowitz LLP Is Investigating Tyson Foods, Inc. for Potentia..
2016 TYSON FOODS : Expects Additional 66 Jobs at Kentucky Poultry Plant; Company will..
2016 TYSON FOODS : Expects Additional 66 Jobs at Kentucky Poultry Plant
2016 TYSON FOODS, INC. (NYSE : TSN) Files An 8-K Other Events
More news
Sector news : Animal Slaughtering & Processing
01/20 Factbox - How Britain's retailers fared over Christmas
01/19DJVegemite Is Sold Along With Other Brands to Bega Cheese
01/18 Premier Foods cuts profit forecast, shares tumble
01/18 European shares retreat as Pearson plummets
01/17 European shares steady as banks turns positive after May speech
More sector news : Animal Slaughtering & Processing
News from SeekingAlpha
01/10 VALUATION DASHBOARD : Consumer Staples - Update
01/04 Georgia does a reset with new chicken price indexes
2016 JBS Foods Will Be One Of The Biggest IPOs Of 2017
2016 Cal-Maine Foods - An Egg-Ceptional Buying Opportunity
2016 Americans Are Eating More Meat - Bezek's Daily Briefing
Advertisement
Financials ($)
Sales 2017 36 407 M
EBIT 2017 2 943 M
Net income 2017 1 791 M
Debt 2017 5 634 M
Yield 2017 1,44%
P/E ratio 2017 12,97
P/E ratio 2018 12,70
EV / Sales 2017 0,77x
EV / Sales 2018 0,75x
Capitalization 22 382 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
TrendsBearishBearishBearish
Technical analysis
Income Statement Evolution
More Financials
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 13
Average target price 70,5 $
Spread / Average Target 13%
Consensus details
EPS Revisions
More Estimates Revisions
Managers
NameTitle
Thomas P. Hayes President, Chief Executive Officer & Director
John H. Tyson Chairman
Dennis Leatherby Chief Financial Officer & Executive Vice President
Kevin M. McNamara Independent Director
Brad T. Sauer Independent Director
More about the company
Sector and Competitors
1st jan.Capitalization (M$)
TYSON FOODS, INC.1.44%22 382
HORMEL FOODS CORP4.19%19 180
BRF SA-4.41%11 802
WH GROUP LTD-4.13%11 389
JBS SA5.70%10 907
HENAN SHUANGHUI INVEST..--.--%10 130
More Results