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 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, INC.
09/24 TYSON FOODS : More than 20 Kansas communities interested in poultry plant
09/22 TYSON FOODS : LCDC director considers poultry plant project 'closed'
09/22 TYSON FOODS : Commission approves RFQ for land use study
09/20 TYSON FOODS : In brief
09/20 TYSON FOODS : puts Tonganoxie plans 'on hold'
09/20 TYSON FOODS : puts plant on hold
09/20 TYSON FOODS : puts Tonganoxie poultry plant plans 'on hold,' will explore other ..
09/19 TYSON FOODS : Commission revokes industrial revenue bonds resolution
09/17 TYSON FOODS : Residents rally against Tyson plant
09/17 TYSON FOODS : Mayor calls Tyson partnership 'outstanding'
More news
News from SeekingAlpha
09/17 20% Annualized Returns From Big Dog's 20 Dividend Stocks
09/13 3 Stocks To Buy During A Natural Disaster
09/12 Sanderson Farms - Let's Play A Game Of Chicken In 2018
09/08 10 Retirement Issues With Cute Animal Photos
09/07 Tyson Foods (TSN) Presents At The Barclays Global Consumer Staples Conference..
Financials ($)
Sales 2017 37 995 M
EBIT 2017 3 107 M
Net income 2017 1 830 M
Debt 2017 9 802 M
Yield 2017 1,37%
P/E ratio 2017 13,17
P/E ratio 2018 12,09
EV / Sales 2017 0,88x
EV / Sales 2018 0,80x
Capitalization 23 587 M
Duration : Period :
Tyson Foods, Inc. Technical Analysis Chart | TSN | US9024941034 | 4-Traders
Technical analysis trends TYSON FOODS, INC.
Short TermMid-TermLong Term
Income Statement Evolution
Mean consensus OUTPERFORM
Number of Analysts 12
Average target price 72,2 $
Spread / Average Target 10,0%
EPS Revisions
Thomas P. Hayes President, Chief Executive Officer & Director
John H. Tyson Chairman
Dennis Leatherby Chief Financial Officer & Executive Vice President
Devin Graham Vice President-Technology
Scott J. Spradley Chief Technology Officer
Sector and Competitors
1st jan.Capitalization (M$)
TYSON FOODS, INC.6.05%23 500
HORMEL FOODS CORP-10.40%16 505
WH GROUP LTD26.07%15 116
BRF SA-2.34%12 257
JBS SA-26.78%7 275