Tyson Foods Has Recipe for Growth
Executives from Tyson Foods, Inc. (NYSE: TSN) told investors at the BMO Farm to Market conference that the company is strategically diversified because it combines branded consumer products, commodity protein production and prepared foods and value-added chicken for the food service industry.
“Tyson Foods is in a preferred position and a unique position,” Donnie Smith, president and chief executive officer, said. “We have the protein consumers want to eat, and we have the #1 brands in those categories. We have the research and development expertise and consumer insights behind those #1 brands to keep driving innovation. We have the raw materials to make those innovative products, and we’re a food company that’s growing.”
“Our goal is to deliver top-tier performance in the food industry,” said Andy Callahan, president of retail packaged brands. “We have an advantaged portfolio with a preferred position to grow ahead of the competition. Our brand building model has a proven track record of growth, and our new product pipeline is robust.”
About Tyson Foods
Tyson Foods, Inc. (NYSE: TSN), with headquarters in Springdale, Arkansas, is one of the world’s largest producers of chicken, beef, pork and prepared foods that include leading brands such as Tyson®, Jimmy Dean®, Hillshire Farm®, Sara Lee® frozen bakery, Ball Park®, Wright®, Aidells® and State Fair®. The company was founded in 1935 by John W. Tyson, whose family has continued to lead the business with his son, Don Tyson, guiding the company for many years and grandson, John H. Tyson, serving as the current chairman of the board of directors. Tyson Foods provides a wide variety of protein-based and prepared foods products and is the recognized market leader in the retail and foodservice markets it serves, supplying customers throughout the United States and approximately 130 countries. It has approximately 124,000 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.
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Forward Looking Statements
This release includes forward-looking statements as well as historical information. These forward-looking statements are made as of the date of the release and include statements relating to anticipated category growth and product development. Actual results may vary. Factors that could cause actual results to differ from those in the forward-looking statements include, but are not limited to: certain categories in which our products are sold do not continue to grow or the sales of our products fall below our expectations; and the risk that revenue opportunities, cost savings, synergies and other anticipated benefits from the merger may not be fully realized or may take longer to realize than expected. Additional information regarding these and other risks is included in Item 1.A. “Risk Factors” on our Form 10-K for the period ended September 27, 2014. Tyson Foods does not assume any obligation to update the information contained in this communication (whether as a result of new information, future events or otherwise), except as required by applicable law.
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