The latest trading session saw Tyson Foods (TSN) ending at $54.66, denoting a -0.6% adjustment from its last day's close. The stock's performance was behind the S&P 500's daily gain of 0.76%. Elsewhere, the Dow saw an upswing of 0.59%, while the tech-heavy Nasdaq appreciated by 1.12%.Coming into today, shares of the meat producer had gained 2.31% in the past month. In that same time, the Consumer Staples sector gained 4.52%, while the S&P 500 gained 2.5%.Market participants will be closely following the fin ...

Tyson Foods, Inc. (TSN) has marked a significant expansion in its bacon production capabilities with the opening of a $355-million food production facility in Bowling Green, KY. This state-of-the-art 400,000-square-foot plant is poised to become a central pillar in Tyson Foods' strategy to meet the increasing demand for bacon in the retail and foodservice sectors. Image Source: Zacks Investment Research Details on The FacilityThe new facility is designed to produce an impressive two million pounds of bacon ...

Tyson Foods (TSN) ended the recent trading session at $52.55, demonstrating a -1.04% swing from the preceding day's closing price. The stock trailed the S&P 500, which registered a daily gain of 0.22%. On the other hand, the Dow registered a gain of 0.36%, and the technology-centric Nasdaq increased by 0.32%.Shares of the meat producer witnessed a gain of 2.23% over the previous month, trailing the performance of the Consumer Staples sector with its gain of 3.22% and outperforming the S&P 500's gain of 1.61 ...

While the proven Zacks Rank places an emphasis on earnings estimates and estimate revisions to find strong stocks, we also know that investors tend to develop their own individual strategies. With this in mind, we are always looking at value, growth, and momentum trends to discover great companies.Looking at the history of these trends, perhaps none is more beloved than value investing. This strategy simply looks to identify companies that are being undervalued by the broader market. Value investors use fun ...

Tyson Foods Inc. (TSN) is well poised on a growing brand portfolio. The renowned meat products company is benefiting from strength in growth pillars. The company is undertaking several operational and supply chain efficiency programs to improve itself in the long run.The Zacks Rank #1 (Strong Buy) company’s shares have rallied 16.4% in the past three months compared with the industry’s growth of 8.9%. The stock has gained the Zacks Consumer Staples’s growth of 7.4% during this time.Let’s delve deeper.Streng ...

SPRINGDALE, Ark., Jan. 11, 2024 (GLOBE NEWSWIRE) -- Springdale, Ark., Jan. 11, 2024 – Tyson Foods, Inc. (NYSE:TSN) will hold its Annual Meeting of Shareholders on Thursday, February 8, 2024 at 11 a.m. Eastern time (10 a.m. Central time) at Tyson Foods, 2008 South Thompson Street, Springdale, Arkansas 72764. For shareholders attending in person, an admission ticket is required. Cameras, video and audio recording equipment, as well as large bags are not permitted. Please see our proxy statement, filed on Dece ...

Tyson Foods (TSN) closed the most recent trading day at $54.61, moving -1.66% from the previous trading session. This move lagged the S&P 500's daily loss of 0.8%. Elsewhere, the Dow lost 0.76%, while the tech-heavy Nasdaq lost 1.18%.The the stock of meat producer has risen by 11.19% in the past month, leading the Consumer Staples sector's gain of 2.53% and the S&P 500's gain of 3.4%.The investment community will be paying close attention to the earnings performance of Tyson Foods in its upcoming release. T ...

Financial Data and Key Metrics Changes - The company experienced a sequential improvement in overall earnings for Q4, marking the second consecutive quarter of improvement [29][31] - The adjusted operating income (AOI) for chicken increased by more than $240 million when comparing Q4 to Q2, despite a year-over-year decline in profitability due to lower commodity chicken pricing [24][31] - The company ended the year with $3 billion of liquidity and net leverage of just over four times, with a commitment to return to net leverage of at or below two times net debt to EBITDA [20][23] Business Line Data and Key Metrics Changes - Chicken sales declined 10% year-over-year in Q4, primarily due to lower pricing, although volume grew modestly [24] - The pork segment saw a revenue decline of nearly 7%, but AOI improved by more than $40 million year-over-year due to better spreads and operational performance [42][63] - Prepared Foods revenue was down modestly in Q4, but AOI improved slightly year-over-year, highlighting the strength of the brands despite lower pricing [41][62] Market Data and Key Metrics Changes - The beef segment faced challenges with spread compression due to higher cattle costs, leading to a modest revenue increase year-over-year but a decline in operating profit [68] - The company noted that consumer demand for protein remains stable, providing confidence in long-term prospects despite market challenges [29][30] - The international business posted solid results driven by growing penetration across key markets [69] Company Strategy and Development Direction - The company is focused on operational discipline and efficiency, with a multi-point plan aimed at modernization and cost structure improvements [30][35] - The strategy includes evaluating production footprints and network efficiencies, with recent closures of older plants to improve capacity utilization [38][64] - The company aims to maintain a disciplined capital allocation strategy, with a projected CapEx for fiscal '24 between $1 billion and $1.5 billion [47][70] Management's Comments on Operating Environment and Future Outlook - Management acknowledged a challenging operating environment but expressed optimism about long-term prospects, citing improvements across operations [74] - The company expects fiscal '24 to be better year-over-year in cash flow and profitability, particularly in the chicken segment [77] - Management emphasized the importance of controlling the controllables and maintaining a focus on cash generation [30][70] Other Important Information - The company returned $670 million to shareholders via dividends and $354 million in share repurchases during the year [20] - The dividend was increased for the 12th consecutive year, reflecting a commitment to returning cash to shareholders [38][129] Q&A Session Summary Question: Insights on segment profit ranges for chicken, beef, and prepared foods - Management indicated that the high and low ends of profit ranges are influenced by operational improvements and market movements, with expectations for better performance in chicken and prepared foods [77][103] Question: Clarification on CapEx guidance and spending - Management explained that the CapEx guidance reflects a reduction in spending due to market conditions, with a focus on necessary investments for growth [107][108] Question: Long-term margin guidance and pork business options - Management stated that while long-term guidance remains, the focus is currently on fiscal '24, with ongoing evaluations of the pork business for efficiency and capital requirements [113][115]

Q4 Fiscal 2023 Certain information in this presentation constitutes forward-looking statements as contemplated by the Private Securities Litigation Reform Act of 1995. Such forward-looking statements include, but are not limited to, current views and estimates of our outlook for fiscal 2023, other future economic circumstances, industry conditions in domestic and international markets, our performance and financial results (e.g., debt levels, return on invested capital, value-added product growth, capital e ...

Financial Performance - Sales decreased slightly to $52.9 billion in fiscal 2023 compared to $53.3 billion in fiscal 2022, reflecting a 0.8% decline[151]. - The company incurred an operating loss of $395 million in fiscal 2023, down from an operating income of $4.41 billion in fiscal 2022[151]. - Total operating margin was (0.7)% in fiscal 2023, with the Prepared Foods segment being the only one to report positive operating income[154]. - The company recorded a net income loss of $648 million in 2023, compared to a net income of $3,238 million in 2022, resulting in a loss of $1.87 per diluted share[175]. - The company reported a net loss of $649 million for 2023, compared to a net income of $3,249 million in 2022[223]. Sales and Segment Performance - Total sales for 2023 were $52,881 million, a decrease from $53,282 million in 2022, with a notable decline in the Beef segment sales to $19,325 million from $19,854 million[177]. - The Beef segment faced reduced supply of market-ready cattle and increased live cattle costs, while the Pork segment saw reduced live hog costs but softening global demand[152]. - The Chicken segment reported sales of $17,060 million in 2023, a slight increase from $16,961 million in 2022, but operating income dropped to a loss of $770 million[183]. - The Pork segment's sales decreased to $5,768 million in 2023 from $6,414 million in 2022, with an operating loss of $139 million[182]. - Prepared Foods segment sales reached $9,845 million in fiscal 2023, a 1.6% increase from $9,689 million in fiscal 2022, with operating income rising to $823 million[187]. - International segment sales increased to $2,515 million in fiscal 2023, up $160 million from $2,355 million in fiscal 2022, but operating income fell to a loss of $218 million[190]. Costs and Expenses - Cost of sales increased to $50.25 billion in fiscal 2023, representing 95.0% of sales, up from 87.5% in fiscal 2022[161]. - The company faced a $6,091 million increase in the cost of sales, driven by higher input costs, particularly in the Beef segment, which saw a $1,950 million increase in live cattle costs[28]. - Operating income for fiscal 2023 decreased significantly, impacted by $300 million in higher feed ingredient costs and $80 million in net derivative losses, compared to $195 million in net derivative gains in fiscal 2022[186]. - The average sales price decreased by 1.5% in fiscal 2023, driven by lower prices in the Pork and Chicken segments[158]. Restructuring and Charges - Restructuring charges amounted to $124 million in fiscal 2023, compared to $66 million in fiscal 2022, with cumulative pretax charges expected to reach approximately $224 million[156]. - The company executed two new term loan facilities totaling $1.75 billion in fiscal 2023 to refinance short-term promissory notes and for general corporate purposes[200]. - The company recorded a $448 million goodwill impairment charge in Q3 2023, followed by an additional $333 million charge in Q4 2023 due to increased discount rates[169]. - A goodwill impairment charge of $448 million was recognized, including $210 million for a Chicken segment reporting unit and $238 million for two International/Other reporting units[251]. Liquidity and Debt - The company had $3.0 billion in liquidity and $1.9 billion in current debt as of September 30, 2023, indicating a strong liquidity position[153]. - As of September 30, 2023, total liquidity was $2,996 million, including cash and cash equivalents, short-term investments, and available credit facilities[198]. - The current ratio decreased to 1.3 to 1 as of September 30, 2023, down from 1.8 to 1 a year earlier, primarily due to decreased cash and increased current debt[200]. - The company's total gross debt increased to $9,506 million in 2023 from $8,321 million in 2022, while total net debt rose to $8,918 million from $7,289 million[223]. - As of September 30, 2023, the company's net debt to EBITDA ratio increased to 9.1x from 1.3x in the previous year, due to a net debt increase of $1,629 million and a decrease in EBITDA of $4,712 million[205]. Pension and Benefits - The company expects to contribute approximately $15 million to its pension plans in fiscal 2024, following a contribution of $13 million in fiscal 2023[214]. - The funded status of the company's defined benefit pension plans showed an underfunded position of $149 million at the end of fiscal 2023, an improvement from $159 million at the end of fiscal 2022[214]. - The projected benefit obligation for the defined benefit pension plans was $176 million at the end of fiscal 2023, with net periodic benefit cost of $6 million[243]. - The company expects net periodic benefit cost associated with pension plans to be approximately $7 million in fiscal 2024[243]. Risk Management - The company is exposed to interest rate risk related to pension and post-retirement benefit obligations, which can affect liabilities and cash contribution requirements[280]. - Foreign currency exposure arises from fluctuations in exchange rates, with a hypothetical 10% change impacting pretax income by $17 million and $25 million at September 30, 2023, and October 1, 2022, respectively[281]. - The company utilizes foreign exchange forward and option contracts to hedge some of its foreign currency exposure[281]. - The financial instruments exposed to credit risk primarily consist of cash equivalents and trade receivables, with cash equivalents held in high-quality securities[282]. - The company performs periodic credit evaluations of customers' financial conditions and generally does not require collateral[282]. Customer Concentration - As of September 30, 2023, 15.9% of net accounts receivable was due from Walmart Inc., compared to 16.4% on October 1, 2022, indicating a slight decrease in concentration risk[282]. - No single customer or customer group, apart from Walmart Inc., represented 10% or greater of net accounts receivable, indicating a diversified customer base[282].