not vested
Tyson Foods, Inc., together with its subsidiaries, engages in the production, distribution, and marketing of chicken, beef, pork, prepared foods, and related allied products worldwide. It operates in four segments: Chicken, Beef, Pork, and Prepared Foods.
The company's Chicken segment breeds and raises chickens; and processes live chickens into fresh, frozen, and value-added chicken products.
Its Beef segment processes live fed cattle; fabricates dressed beef carcasses into primal and sub-primal meat cuts and case-ready products; and sells hides and meats.
The company's Pork segment is involved in the processing of live market hogs and allied products; and fabricating pork carcasses into primal and sub-primal cuts and case-ready products.
Its Prepared Foods segment manufactures and markets frozen and refrigerated food products, such as pepperoni, bacon, beef and pork pizza toppings, pizza crusts, flour and corn tortilla products, appetizers, prepared meals, ethnic foods, soups, sauces, side dishes, meat dishes, and processed meats.
http://todaysbigstock.com/2013/10/29/ty ... -nyse-tsn/
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Tyson Foods (TSN)
21 posts
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Tyson Foods (TSN)
by winston » Wed Oct 30, 2013 9:19 pm
It's all about "how much you made when you were right" & "how little you lost when you were wrong"
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winston - Billionaire Boss
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Re: Tyson Foods (TSN)
by winston » Wed May 11, 2016 8:32 pm
Food processor Tyson Foods continues to soar... up about 60% since mid-November.
It's all about "how much you made when you were right" & "how little you lost when you were wrong"
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winston - Billionaire Boss
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Re: Tyson Foods (TSN)
by winston » Mon Jul 25, 2016 8:20 pm
Food processor Tyson Foods jumps about 20% in the past six weeks.
It's all about "how much you made when you were right" & "how little you lost when you were wrong"
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winston - Billionaire Boss
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Re: Tyson Foods (TSN)
by winston » Wed Sep 07, 2016 8:33 pm
Food processor Tyson Foods breaks out to a new all-time high… up 25% since mid-June.
It's all about "how much you made when you were right" & "how little you lost when you were wrong"
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winston - Billionaire Boss
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Re: Tyson Foods (TSN)
by winston » Tue Nov 22, 2016 5:02 am
not vested
Tyson Foods shares dive on CEO departure, dim 2017 forecast
By Lisa Baertlein and Sruthi Ramakrishnan
(Reuters) - Tyson Foods Inc shares tumbled more than 14 percent on Monday after the nation's biggest meat processor forecast lower-than-expected 2017 profit and said well-regarded Chief Executive Officer Donnie Smith would step down at the end of the year.
Smith's departure surprised some on Wall Street, who regard him as the company's most successful CEO.
The seller of Jimmy Dean sausage and Ball Park hot dogs also reported disappointing quarterly results, citing increased investment spending, the double whammy of spiking chicken feed costs and lower demand, and a prepared foods production hiccup following the closure of a factory that makes pizza toppings.
"We are not at all happy to see Mr. Smith step down," Pivotal Research Group analyst Timothy Ramey wrote in a client note. Shares of Tyson have more than quadrupled since Smith became CEO seven years ago.
"It has been the best period of Tyson's history, without doubt," said Ramey, adding that it is unusual for a company to part with its best CEO. Smith is 56 years old.
In another concern for investors, Tyson and other chicken processors face class-action lawsuits accusing them of price fixing. Tyson has been looking to expand profits by selling more "value-added" items such as pre-seasoned products and heat-and-serve meals, which command higher margins than basic meats.
Tom Hayes, the company's president, will succeed Smith who has been at the helm since November 2009. Hayes, 51, was previously chief supply chain officer for Hillshire Brands Co, which Tyson bought in 2014.
Tyson also decided to retain Smith as an adviser for three years, an unusually long period for such a transition. The company canceled a media call, making it harder to get a further explanation.
Tyson expects profit of $4.70 to $4.85 a share in the year ending September 2017, below analysts' average estimate of $4.98. It said it would boost capital spending to $1 billion from $700 million in 2016 to increase production and improve worker safety, animal welfare, food safety and its supply chain.
"The board's decision to name Tom (Hayes) CEO at this time was based on both his track record and how his skills align with the company's strategic direction and continuing evolution," John Tyson, chairman of the board and the founder's grandson, said in a statement.
Smith said it was an excellent time for a CEO change and that the ongoing price-fixing litigation had no bearing on his departure.
"That has nothing to do with the transition," Smith said.
Tyson said sales fell 12.8 percent from a year earlier to $9.16 billion in the fourth quarter ended Oct. 1. Tyson cited sharply lower beef prices and lower prices for value-added chicken products.
Analysts, on average, had expected revenue of $9.38 billion, according to Thomson Reuters I/B/E/S.
Excluding items, the company earned 96 cents a share, missing analysts' average estimate of $1.17 per share. Net income attributable to Tyson surged 51.6 percent to $391 million, or $1.03 per share, helped by lower feed and livestock costs.
Shares were down 14.6 percent to $57.56 in afternoon trading. As of Friday's close, Tyson stock had surged 26.3 percent this year.
Source: Yahoo Finance
Tyson Foods shares dive on CEO departure, dim 2017 forecast
By Lisa Baertlein and Sruthi Ramakrishnan
(Reuters) - Tyson Foods Inc shares tumbled more than 14 percent on Monday after the nation's biggest meat processor forecast lower-than-expected 2017 profit and said well-regarded Chief Executive Officer Donnie Smith would step down at the end of the year.
Smith's departure surprised some on Wall Street, who regard him as the company's most successful CEO.
The seller of Jimmy Dean sausage and Ball Park hot dogs also reported disappointing quarterly results, citing increased investment spending, the double whammy of spiking chicken feed costs and lower demand, and a prepared foods production hiccup following the closure of a factory that makes pizza toppings.
"We are not at all happy to see Mr. Smith step down," Pivotal Research Group analyst Timothy Ramey wrote in a client note. Shares of Tyson have more than quadrupled since Smith became CEO seven years ago.
"It has been the best period of Tyson's history, without doubt," said Ramey, adding that it is unusual for a company to part with its best CEO. Smith is 56 years old.
In another concern for investors, Tyson and other chicken processors face class-action lawsuits accusing them of price fixing. Tyson has been looking to expand profits by selling more "value-added" items such as pre-seasoned products and heat-and-serve meals, which command higher margins than basic meats.
Tom Hayes, the company's president, will succeed Smith who has been at the helm since November 2009. Hayes, 51, was previously chief supply chain officer for Hillshire Brands Co, which Tyson bought in 2014.
Tyson also decided to retain Smith as an adviser for three years, an unusually long period for such a transition. The company canceled a media call, making it harder to get a further explanation.
Tyson expects profit of $4.70 to $4.85 a share in the year ending September 2017, below analysts' average estimate of $4.98. It said it would boost capital spending to $1 billion from $700 million in 2016 to increase production and improve worker safety, animal welfare, food safety and its supply chain.
"The board's decision to name Tom (Hayes) CEO at this time was based on both his track record and how his skills align with the company's strategic direction and continuing evolution," John Tyson, chairman of the board and the founder's grandson, said in a statement.
Smith said it was an excellent time for a CEO change and that the ongoing price-fixing litigation had no bearing on his departure.
"That has nothing to do with the transition," Smith said.
Tyson said sales fell 12.8 percent from a year earlier to $9.16 billion in the fourth quarter ended Oct. 1. Tyson cited sharply lower beef prices and lower prices for value-added chicken products.
Analysts, on average, had expected revenue of $9.38 billion, according to Thomson Reuters I/B/E/S.
Excluding items, the company earned 96 cents a share, missing analysts' average estimate of $1.17 per share. Net income attributable to Tyson surged 51.6 percent to $391 million, or $1.03 per share, helped by lower feed and livestock costs.
Shares were down 14.6 percent to $57.56 in afternoon trading. As of Friday's close, Tyson stock had surged 26.3 percent this year.
Source: Yahoo Finance
It's all about "how much you made when you were right" & "how little you lost when you were wrong"
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winston - Billionaire Boss
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Re: Tyson Foods (TSN)
by winston » Tue Nov 22, 2016 5:06 am
not vested
Here's Why Tyson Foods (TSN) Is Slumping 15% Today
On Monday, shares of chicken industry giant Tyson Foods Inc. ( (NYSE:TSN) ) are slumping, down over 15% in morning trading after the company reported disappointing fourth quarter fiscal 2016 financial results.
Tyson reported adjusted earnings per share of 96 cents, lagging behind the Zacks Consensus Estimate of $1.24 (this number excludes 7 cents from non-recurring items).
Revenues came in at $9.16 billion, also missing our consensus estimate of $9.31 billion and decreasing 12.8% year-over-year.
Operating income grew 31% to more than $568 million, while adjusted operating income increased 3% from the year ago period.
In fiscal 2016, Tyson posted record company operating margin of 7.7%. Pork segment operating margin came in at 10.8%, Prepared Foods segment operating margin came in at 10%, and Chicken segment operating margin “remain strong” at 11.9%.
The company announced that its Chief Executive, Donnie Smith, is leaving, and being replaced by current President Tom Hayes. Mr. Hayes, who will also keep the role of president, previously oversaw all of Tyson’s North American sales as chief commercial officer.
“Tom Hayes is a proven leader who has played an important role in creating today’s Tyson Foods and driving growth across our company,” said John Tyson, Chairman of the Board of Directors.
“The Board’s decision to name Tom CEO at this time was based on both his track record and how his skills align with the company’s strategic direction and continuing evolution.”
Looking ahead, Tyson expects fiscal 2017 earnings per share in the range of $4.70 to $4.85, well below the analyst estimate of $4.98 per share. GAAP EPS is forecasted to grow 4-7%, while adjusted EPS should see growth of 7-10%.
Source: Zack's
Here's Why Tyson Foods (TSN) Is Slumping 15% Today
On Monday, shares of chicken industry giant Tyson Foods Inc. ( (NYSE:TSN) ) are slumping, down over 15% in morning trading after the company reported disappointing fourth quarter fiscal 2016 financial results.
Tyson reported adjusted earnings per share of 96 cents, lagging behind the Zacks Consensus Estimate of $1.24 (this number excludes 7 cents from non-recurring items).
Revenues came in at $9.16 billion, also missing our consensus estimate of $9.31 billion and decreasing 12.8% year-over-year.
Operating income grew 31% to more than $568 million, while adjusted operating income increased 3% from the year ago period.
In fiscal 2016, Tyson posted record company operating margin of 7.7%. Pork segment operating margin came in at 10.8%, Prepared Foods segment operating margin came in at 10%, and Chicken segment operating margin “remain strong” at 11.9%.
The company announced that its Chief Executive, Donnie Smith, is leaving, and being replaced by current President Tom Hayes. Mr. Hayes, who will also keep the role of president, previously oversaw all of Tyson’s North American sales as chief commercial officer.
“Tom Hayes is a proven leader who has played an important role in creating today’s Tyson Foods and driving growth across our company,” said John Tyson, Chairman of the Board of Directors.
“The Board’s decision to name Tom CEO at this time was based on both his track record and how his skills align with the company’s strategic direction and continuing evolution.”
Looking ahead, Tyson expects fiscal 2017 earnings per share in the range of $4.70 to $4.85, well below the analyst estimate of $4.98 per share. GAAP EPS is forecasted to grow 4-7%, while adjusted EPS should see growth of 7-10%.
Source: Zack's
It's all about "how much you made when you were right" & "how little you lost when you were wrong"
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winston - Billionaire Boss
- Posts: 109617
- Joined: Wed May 07, 2008 9:28 am
Re: Tyson Foods (TSN)
by winston » Tue Nov 22, 2016 7:56 am
not vested
New Tyson Chief An ‘Inside Outsider’
Tom Hayes to take over the CEO role held by Donnie Smith for the past seven years
By JOANN S. LUBLIN and DOUG CAMERON
Tom Hayes will take over as chief executive of Tyson Foods Inc. just as the nation’s biggest meat producer faces a new bout of competition for consumers in both supermarkets and restaurants.
Mr. Hayes 29-year background in prepared foods and managing supply chains will be likely prove useful, as the company continues its pivot away from commoditized meats into greater reliance on prepared meals and meats that have been cooked or pre-seasoned.
Prepared foods are more profitable than selling plain beef or chicken, and plentiful domestic meat supplies has put downward pressure on supermarket and restaurant prices, that were reflected in Tyson’s latest quarterly results.
Mr. Hayes joined Tyson in 2014 when the company acquired Hillshire Brands for $7.7 billion and its brand-led portfolio that included Jimmy Dean sausages and Ball Park hot dogs in that deal.
He’d been chief supply officer at Hillshire and Sara Lee Corp. before it spun off the hot dog maker, and at Tyson took over its prepared foods segment as well as oversight of North American operations.
The 51-year old University of New Hampshire graduate has taken a more prominent role in investor briefings since arriving at Tyson and has emphasized its global ambitions that have fueled analyst speculation that it could seek another big acquisition, even with asset prices that analysts say are elevated.
“M&A risk is ticking up across the industry,” said James Dunn at CreditSights LLC, who believes Tyson could look for deals overseas as part of its stated desire to become a global leader in protein products.
The company generates the bulk of its sales in the U.S. though it has international operations in India and China, among other countries.
Analysts said they expected Mr. Hayes to continue the broad strategy adopted under Mr. Smith, targeting product innovation to drive more branded sales.
“M&A is certainly on the table, but I think most investors would be content to see them buy back shares with outsized earnings, rather than enter into another bidding cycle during a period of frothy valuations,” said Jeremy Scott, sector analyst at CLSA.
Mr. Hayes will take over the CEO role held by Donnie Smith for the past seven years, having been anointed as successor in June with his appointment as president of the Springdale, Ark., company.
Mr. Hayes, who also has an M.B.A. from the Kellogg School of Management at Northwestern University, has also previously worked at units of ConAgra Brands Inc., Kraft Heinz Foods Inc., and US Foodservice Inc.
“He has been on the board’s CEO succession radar for the last year,’’ said Jeffrey Cohn, managing director for global CEO succession planning at recruiters DHR International. “
He’s an ‘inside outsider’ who has proven himself since the acquisition,” added Mr. Cohn, who previously advised Tyson about succession planning.
Staffers enjoy working for Mr. Hayes because “he’s straightforward, he listens and he’s decisive,’’ said Christopher “CJ” Fraleigh, a former boss of the new Tyson leader at Sara Lee.
For instance, Mr. Fraleigh continued, Mr. Hayes quickly revamped his leadership team after he took charge of the food-services division for North America.
Source: WSJ
http://www.wsj.com/articles/new-tyson-c ... yptr=yahoo
New Tyson Chief An ‘Inside Outsider’
Tom Hayes to take over the CEO role held by Donnie Smith for the past seven years
By JOANN S. LUBLIN and DOUG CAMERON
Tom Hayes will take over as chief executive of Tyson Foods Inc. just as the nation’s biggest meat producer faces a new bout of competition for consumers in both supermarkets and restaurants.
Mr. Hayes 29-year background in prepared foods and managing supply chains will be likely prove useful, as the company continues its pivot away from commoditized meats into greater reliance on prepared meals and meats that have been cooked or pre-seasoned.
Prepared foods are more profitable than selling plain beef or chicken, and plentiful domestic meat supplies has put downward pressure on supermarket and restaurant prices, that were reflected in Tyson’s latest quarterly results.
Mr. Hayes joined Tyson in 2014 when the company acquired Hillshire Brands for $7.7 billion and its brand-led portfolio that included Jimmy Dean sausages and Ball Park hot dogs in that deal.
He’d been chief supply officer at Hillshire and Sara Lee Corp. before it spun off the hot dog maker, and at Tyson took over its prepared foods segment as well as oversight of North American operations.
The 51-year old University of New Hampshire graduate has taken a more prominent role in investor briefings since arriving at Tyson and has emphasized its global ambitions that have fueled analyst speculation that it could seek another big acquisition, even with asset prices that analysts say are elevated.
“M&A risk is ticking up across the industry,” said James Dunn at CreditSights LLC, who believes Tyson could look for deals overseas as part of its stated desire to become a global leader in protein products.
The company generates the bulk of its sales in the U.S. though it has international operations in India and China, among other countries.
Analysts said they expected Mr. Hayes to continue the broad strategy adopted under Mr. Smith, targeting product innovation to drive more branded sales.
“M&A is certainly on the table, but I think most investors would be content to see them buy back shares with outsized earnings, rather than enter into another bidding cycle during a period of frothy valuations,” said Jeremy Scott, sector analyst at CLSA.
Mr. Hayes will take over the CEO role held by Donnie Smith for the past seven years, having been anointed as successor in June with his appointment as president of the Springdale, Ark., company.
Mr. Hayes, who also has an M.B.A. from the Kellogg School of Management at Northwestern University, has also previously worked at units of ConAgra Brands Inc., Kraft Heinz Foods Inc., and US Foodservice Inc.
“He has been on the board’s CEO succession radar for the last year,’’ said Jeffrey Cohn, managing director for global CEO succession planning at recruiters DHR International. “
He’s an ‘inside outsider’ who has proven himself since the acquisition,” added Mr. Cohn, who previously advised Tyson about succession planning.
Staffers enjoy working for Mr. Hayes because “he’s straightforward, he listens and he’s decisive,’’ said Christopher “CJ” Fraleigh, a former boss of the new Tyson leader at Sara Lee.
For instance, Mr. Fraleigh continued, Mr. Hayes quickly revamped his leadership team after he took charge of the food-services division for North America.
Source: WSJ
http://www.wsj.com/articles/new-tyson-c ... yptr=yahoo
It's all about "how much you made when you were right" & "how little you lost when you were wrong"
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winston - Billionaire Boss
- Posts: 109617
- Joined: Wed May 07, 2008 9:28 am
Re: Tyson Foods (TSN)
by winston » Tue Nov 22, 2016 7:59 am
not vested
Tyson's Weak Profit Outlook Sinks Shares, Other Meat Producers
Shares of Tyson Foods (TSN) tumbled Monday after the meat-producing giant missed fourth-quarter profit expectations and guided full-year 2017 earnings per share below forecasts, dragging down other stocks in the sector too.
Earnings per share rose 16% to 96 cents, below Wall Street's outlook for $1.17.
Sales fell 14% to $9.156 billion, missing views for $9.38 billion.
The company said it expects full-year 2017 EPS of $4.70-$4.85, below estimates for $4.98. Sales are expected to be flat, with lower beef prices weighing on results.
Shares plunged 14.5% to 57.60 in the stock market today, below their 200-day line.
Hormel Foods (HRL), which reports later this week, fell 1.8% to 34.94. Chicken producers Pilgrim's Pride (PPC) tumbled early but closed down just 0.2% at 18.27. Sanderson Farms (SAFM) pared big early losses, but ended down 2.5% to 78.98.
IBD'S TAKE: Lower food prices, the result of an oversupply, have also weighed on results for grocery stores and restaurants. With labor costs rising, new technology could help offset costs elsewhere.
The decision to name Hayes CEO "was based on both his track record and how his skills align with the company's strategic direction and continuing evolution," the company said.
Source: IBD
http://www.investors.com/news/tyson-201 ... yptr=yahoo
Tyson's Weak Profit Outlook Sinks Shares, Other Meat Producers
Shares of Tyson Foods (TSN) tumbled Monday after the meat-producing giant missed fourth-quarter profit expectations and guided full-year 2017 earnings per share below forecasts, dragging down other stocks in the sector too.
Earnings per share rose 16% to 96 cents, below Wall Street's outlook for $1.17.
Sales fell 14% to $9.156 billion, missing views for $9.38 billion.
The company said it expects full-year 2017 EPS of $4.70-$4.85, below estimates for $4.98. Sales are expected to be flat, with lower beef prices weighing on results.
Shares plunged 14.5% to 57.60 in the stock market today, below their 200-day line.
Hormel Foods (HRL), which reports later this week, fell 1.8% to 34.94. Chicken producers Pilgrim's Pride (PPC) tumbled early but closed down just 0.2% at 18.27. Sanderson Farms (SAFM) pared big early losses, but ended down 2.5% to 78.98.
IBD'S TAKE: Lower food prices, the result of an oversupply, have also weighed on results for grocery stores and restaurants. With labor costs rising, new technology could help offset costs elsewhere.
The decision to name Hayes CEO "was based on both his track record and how his skills align with the company's strategic direction and continuing evolution," the company said.
Source: IBD
http://www.investors.com/news/tyson-201 ... yptr=yahoo
It's all about "how much you made when you were right" & "how little you lost when you were wrong"
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winston - Billionaire Boss
- Posts: 109617
- Joined: Wed May 07, 2008 9:28 am
Re: Tyson Foods (TSN)
by winston » Tue Nov 22, 2016 8:02 am
not vested
Khang & Khang LLP Announces Securities Class Action Lawsuit against Tyson Foods, Inc. and Reminds Investors with Losses to Contact the Firm
IRVINE, CA / ACCESSWIRE / November 21, 2016 / Khang & Khang LLP (the "Firm") announces a class action lawsuit against Tyson Foods, Inc. ("Tyson" or the "Company") (TSN).
Investors who purchased or otherwise acquired shares between November 23, 2015 and October 6, 2016 inclusive (the "Class Period"), are encouraged to contact the Firm in advance of the December 16, 2016 lead plaintiff motion deadline.
If you purchased shares of Tyson during the Class Period, please contact Joon M. Khang, Esquire, of Khang & Khang LLP, 18101 Von Karman Avenue, 3rd Floor, Irvine, CA 92612, by telephone: (949) 419-3834, or by e-mail at [email protected].
There has been no class certification in this case yet. Until certification occurs, you are not represented by an attorney. You may choose to take no action and remain a passive class member.
The complaint alleges that during the Class Period, Tyson made false and/or misleading statements and/or failed to disclose material information.
On September 2, 2016, some media outlets reported the filing of an antitrust class action lawsuit against Tyson and some of its peers for conspiring to manipulate the price of broiler-chickens.
Allegedly, in 2008, Tyson and several other companies conspired by sharing proprietary data and reducing production to support prices.
On October 7, 2016, Pivotal Research downgraded Tyson from "buy" to "sell," due to fears over the class action against the Company, which it called "powerfully convincing." When this news was announced to the public, Tyson's stock price dropped, causing investors harm.
If you wish to learn more about this lawsuit, free of charge to you, or if you have questions regarding this notice or your rights, please contact Joon M. Khang, a prominent litigator for almost two decades, by telephone: (949) 419-3834, or via e-mail at [email protected].
This press release may constitute Attorney Advertising in some jurisdictions.
Contacts
Joon M. Khang, Esq.
Telephone: 949-419-3834
Facsimile: 949-225-4474
[email protected]
SOURCE: Khang & Khang LLP
http://finance.yahoo.com/news/equity-al ... 00311.html
Khang & Khang LLP Announces Securities Class Action Lawsuit against Tyson Foods, Inc. and Reminds Investors with Losses to Contact the Firm
IRVINE, CA / ACCESSWIRE / November 21, 2016 / Khang & Khang LLP (the "Firm") announces a class action lawsuit against Tyson Foods, Inc. ("Tyson" or the "Company") (TSN).
Investors who purchased or otherwise acquired shares between November 23, 2015 and October 6, 2016 inclusive (the "Class Period"), are encouraged to contact the Firm in advance of the December 16, 2016 lead plaintiff motion deadline.
If you purchased shares of Tyson during the Class Period, please contact Joon M. Khang, Esquire, of Khang & Khang LLP, 18101 Von Karman Avenue, 3rd Floor, Irvine, CA 92612, by telephone: (949) 419-3834, or by e-mail at [email protected].
There has been no class certification in this case yet. Until certification occurs, you are not represented by an attorney. You may choose to take no action and remain a passive class member.
The complaint alleges that during the Class Period, Tyson made false and/or misleading statements and/or failed to disclose material information.
On September 2, 2016, some media outlets reported the filing of an antitrust class action lawsuit against Tyson and some of its peers for conspiring to manipulate the price of broiler-chickens.
Allegedly, in 2008, Tyson and several other companies conspired by sharing proprietary data and reducing production to support prices.
On October 7, 2016, Pivotal Research downgraded Tyson from "buy" to "sell," due to fears over the class action against the Company, which it called "powerfully convincing." When this news was announced to the public, Tyson's stock price dropped, causing investors harm.
If you wish to learn more about this lawsuit, free of charge to you, or if you have questions regarding this notice or your rights, please contact Joon M. Khang, a prominent litigator for almost two decades, by telephone: (949) 419-3834, or via e-mail at [email protected].
This press release may constitute Attorney Advertising in some jurisdictions.
Contacts
Joon M. Khang, Esq.
Telephone: 949-419-3834
Facsimile: 949-225-4474
[email protected]
SOURCE: Khang & Khang LLP
http://finance.yahoo.com/news/equity-al ... 00311.html
It's all about "how much you made when you were right" & "how little you lost when you were wrong"
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winston - Billionaire Boss
- Posts: 109617
- Joined: Wed May 07, 2008 9:28 am
Re: Tyson Foods (TSN)
by winston » Tue Nov 22, 2016 6:28 pm
not vested
Tyson Shares Slide as Company Names New CEO and Warns on Profit
By JACOB BUNGE
Source: WSJ
http://www.wsj.com/articles/tyson-foods ... yptr=yahoo
Tyson Shares Slide as Company Names New CEO and Warns on Profit
By JACOB BUNGE
Tyson reported lower-than-expected quarterly profit and sales that followed a decline in its core chicken business.
Tyson estimates it produces one-fifth of all chicken, beef and pork in the U.S.
Tyson executives attributed a 3.2% decline in quarterly chicken revenue to higher marketing costs, a planned production slowdown and a increase in the cost of soybean meal, a key ingredient in chicken feed, which helped boost costs by about $20 million in the quarter.
Poultry processors face a lawsuit that has alleged collusion in the $29 billion market in “broiler” chickens raised for their meat.
Processors such as Tyson, Pilgrim’s Pride Corp. and Sanderson Farms Inc. all dispute the allegations.
Tyson this year plans to invest more than $1 billion to expand production capacity, improve operations and build an e-commerce business.
Source: WSJ
http://www.wsj.com/articles/tyson-foods ... yptr=yahoo
It's all about "how much you made when you were right" & "how little you lost when you were wrong"
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winston - Billionaire Boss
- Posts: 109617
- Joined: Wed May 07, 2008 9:28 am
21 posts
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