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Tyson Foods(TSN) - 2021 Q1 - Earnings Call Transcript
2021-02-11 16:58
Financial Data and Key Metrics Changes - The company reported sales of $10.5 billion for Q1 2021, slightly down from the same period last year, primarily due to reduced foodservice volumes, partially offset by higher retail volumes [32] - Operating income exceeded $1 billion, up 24% year-over-year, with an operating income margin of 9.5% [33] - Earnings per share increased by approximately 28% to $1.94 [33] - Direct incremental COVID-19 costs incurred during the quarter totaled $120 million, which were not adjusted out of results [34] Business Line Data and Key Metrics Changes - **Prepared Foods**: Sales were $2.1 billion, roughly flat year-over-year, with segment operating income up 48% to $266 million, driven by strong retail performance [38] - **Chicken**: Sales were $2.8 billion, down 14% year-over-year, with operating income up 33% to $104 million [41] - **Beef**: Sales increased by 4% to approximately $4 billion, with operating income up 45% to $528 million [46] - **Pork**: Sales were $1.4 billion, up about 4%, but operating income decreased by 40% to $116 million [48] Market Data and Key Metrics Changes - Retail volume growth was strong, with 10 consecutive quarters of growth and four straight quarters of double-digit expansion [20] - E-commerce sales grew by 89% in the latest 13 weeks, equating to approximately $330 million [21] - Foodservice volumes were still down relative to pre-COVID-19 levels, but recovery is expected as vaccination efforts progress [22] Company Strategy and Development Direction - The company is focused on operational excellence and disciplined cost management, with significant investments in health and safety for team members [11][12] - A commitment to sustainability and social responsibility is emphasized, with goals to reduce greenhouse gas emissions by 30% by 2030 [16] - The company is investing approximately 60% of capital expenditures towards growth objectives, including automation technology and capacity expansion [30][56] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the company's ability to navigate market volatility and adapt to changing consumer demands [11] - The outlook for fiscal 2021 anticipates annual revenues at the top end of the previous range of $42 billion to $44 billion, with improved operating margins in Prepared Foods and lower margins in Pork [55] - Key risks include rising grain costs, labor availability, and raw material costs [56] Other Important Information - The company has made substantial investments in health and safety, with ongoing COVID-19 costs expected to total approximately $440 million for the year [59] - The company ranked number one in the Food Production category on Fortune magazine's 2021 World's Most Admired Companies list [18] Q&A Session Summary Question: Guidance on Chicken business and grain costs - Management acknowledged rising grain costs as a significant factor affecting Chicken margins and emphasized ongoing investments to improve operational performance [66][74] Question: Renewable diesel industry impact - Management highlighted the company's strong position in rendering and partnerships to supply feedstock for renewable diesel production [70] Question: Prepared Foods pricing ability - Management noted strong consumer interest in food spending, allowing for some cost pass-through, but acknowledged challenges in certain costs [78] Question: Chicken operational improvements - Management indicated that operational improvements are expected to materialize in the second half of the year, with a focus on enhancing productivity and service levels [76][80] Question: Beef guidance improvement - Management reported strong demand across all channels for Beef, with favorable supply dynamics expected to continue [85][99]
Tyson Foods(TSN) - 2021 Q1 - Quarterly Report
2021-02-10 16:00
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☒ Quarterly Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 For the quarterly period ended January 2, 2021 or ☐ Transition Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 For the transition period from to 001-14704 (Commission File Number) ______________________________________________ TYSON FOODS, INC. (Exact name of registrant as specified in its charter) __________ ...
Tyson Foods(TSN) - 2020 Q4 - Earnings Call Presentation
2020-11-17 17:20
TM — Q4 Fiscal 2020 Supplemental Information November 16, 2020 Forward-Looking Statements Certain information in this report constitutes forward-looking statements. Such forward-looking statements include, but are not limited to, current views and estimates of our outlook for fiscal 2021, 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 expe ...
Tyson Foods(TSN) - 2020 Q4 - Annual Report
2020-11-16 12:49
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K 001-14704 (Commission File Number) ______________________________________________ TYSON FOODS, INC. (Exact name of registrant as specified in its charter) ______________________________________________ Delaware 71-0225165 (State or other jurisdiction of incorporation or organization) (I.R.S. Employer Identification No.) 2200 West Don Tyson Parkway, Springdale, Arkansas 72762-6999 (Address of principal executive offices) (Zip C ...
Tyson Foods(TSN) - 2020 Q3 - Quarterly Report
2020-08-03 11:33
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☒ Quarterly Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 For the quarterly period ended June 27, 2020 or ☐ Transition Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 For the transition period from to 001-14704 (Commission File Number) ______________________________________________ TYSON FOODS, INC. (Exact name of registrant as specified in its charter) ____________ ...
Tyson Foods(TSN) - 2020 Q2 - Quarterly Report
2020-05-04 11:46
FORM 10-Q ☒ Quarterly Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 For the quarterly period ended March 28, 2020 UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 or ☐ Transition Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 For the transition period from to https://files.reportify.cc/media/production/TSN37de5eba5db520052bd16b7a6cea729e.jpg 001-14704 (Commission File Number) ______________________________________________ ...
Tyson Foods(TSN) - 2020 Q1 - Quarterly Report
2020-02-06 12:56
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☒ Quarterly Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 For the quarterly period ended December 28, 2019 or ☐ Transition Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 For the transition period from to 001-14704 (Commission File Number) ______________________________________________ TYSON FOODS, INC. (Exact name of registrant as specified in its charter) ________ ...
Tyson Foods(TSN) - 2019 Q4 - Annual Report
2019-11-12 12:41
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K 001-14704 (Commission File Number) ______________________________________________ TYSON FOODS, INC. (Exact name of registrant as specified in its charter) ______________________________________________ Delaware 71-0225165 (State or other jurisdiction of incorporation or organization) (I.R.S. Employer Identification No.) 2200 West Don Tyson Parkway, Springdale, Arkansas 72762-6999 (Address of principal executive offices) (Zip C ...
Tyson Foods(TSN) - 2019 Q3 - Quarterly Report
2019-08-05 11:39
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☒ Quarterly Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 For the quarterly period ended June 29, 2019 or ☐ Transition Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 For the transition period from to 001-14704 (Commission File Number) ______________________________________________ TYSON FOODS, INC. (Exact name of registrant as specified in its charter) ____________ ...
Tyson Foods(TSN) - 2019 Q2 - Quarterly Report
2019-05-06 11:39
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q x Quarterly Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 For the quarterly period ended March 30, 2019 or ¨ Transition Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 For the transition period from to 001-14704 (Commission File Number) TYSON FOODS, INC. (Exact name of registrant as specified in its charter) ______________________________________________ (Registrant ...