Tyson Foods will deliver EPS of at least US$2.78 in fiscal 2014, which would be in excess of 23% EPS growth, company executive says; company poised for at least 10% EPS growth in 2015
FORT LAUDERDALE, Florida
February 27, 2014
– Tyson Foods, Inc. (TSN) executives today told investors at the Bank of America Merrill Lynch Global Agriculture Conference that its strong capital structure and sound business fundamentals have given the company a solid foundation for growth, stability and consistency.
"While we don't typically provide earnings guidance, we do think we'll deliver at least $2.78 in fiscal 2014, which would be in excess of 23% EPS growth, and we're poised for at least 10% EPS growth in 2015 and beyond," said Jon Kathol, Tyson's vice president of investor relations.
Kathol said Tyson's business strategy centers on accelerating growth of domestic value-added products and international chicken production, innovation of products, services and insights and developing a deep bench of talent to support the company's growth.
Donnie King, president of prepared foods, customer and consumer solutions for Tyson, told investors, "We are more consumer focused and provide insights-driven solutions for our customers and consumers."
King cited Tyson's entry into the breakfast food category with its Wright(R) Brand sausage and Tyson(R) Day Starts(TM) frozen breakfast sandwiches, flatbreads and wrapped omelets as examples of the company's research-based product innovation that are part of Tyson's efforts to grow its Prepared Foods segment.
About Tyson Foods
Tyson Foods, Inc., with headquarters in Springdale, Arkansas, is one of the world's largest processors and marketers of chicken, beef and pork, the second-largest food production company in the Fortune 500 and a member of the S&P 500. The Company was founded in 1935 by John W. Tyson, whose family has continued to be involved with son Don Tyson leading the company for many years and grandson John H. Tyson serving as the current Chairman of the Board of Directors. Tyson Foods produces a wide variety of protein-based and prepared food products and is the recognized market leader in the retail and foodservice markets it serves. The Company provides products and services to customers throughout the United States and approximately 130 countries. It has approximately 115,000 Team Members employed at more than 400 facilities and offices in the United States and around the world. Through its Core Values, Code of Conduct and Team Member Bill of Rights, Tyson Foods strives to operate with integrity and trust and is committed to creating value for its shareholders, customers and Team Members. The Company also strives to be faith-friendly, provide a safe work environment and serve as stewards of the animals, land and environment entrusted to it.