Black Kassel - Snack like Royalty
Eiffel Tower - A creamy cow’s milk delight, featuring a chalky white rind and a cream-colored, buttery, soft interior that oozes when at the peak of ripeness and temperature
Venus Wafers - The Original Mariner Biscut Company - Made simple - Made right
Tyson Foods Reports Record Earnings in Q1 2016

Tyson Foods Reports Record Earnings in Q1 2016


SPRINGDALE, AR
Monday, February 8th, 2016

Tyson Foods’ fiscal 2016 is off to a strong start so far in what President and CEO Donnie Smith expects to be “another record year.”

The meat processor reported higher-than-expected earnings for its first quarter of 2016, with shares continuing to increase.

As of February 8, 2016, at 2:41 pm EST, shares in Tyson Foods were up 4.73% to $59.80.

Source: Google Finance

Net income rose to $461 million from $310 million during the first quarter of 2015. Quarterly sales, however, fell short of beating last year’s number. Sales were reported at $9.1 billion, down approximately 15 percent from last year’s $10.8 billion.

Donnie Smith, President and CEO, Tyson Foods

“Solid execution across the entire team resulted in record earnings, record operating income, record margins, and record cash flows,” Smith said in a press release. “We captured $121 million in total synergies for the quarter, with $61 million incremental to fiscal first quarter 2015.”

The results generated for this quarter were driven primarily by lower animal and feed prices.

Tyson Foods

Sales for each of Tyson Foods’ segments are as follows:

  • Chicken: $2.6 billion in Q1 2016, compared to $2.7 billion in Q1 2015
  • Beef: $3.6 billion in Q1 2016, compared to $4.3 billion in Q1 2015
  • Pork: $1.2 billion in Q1 2016, compared to $1.5 billion in Q1 2015
  • Prepared Foods: $1.8 billion, compared to $2.1 billion in Q1 2015

Tyson Foods will be raising its fiscal 2016 earnings guidance to $3.85 to $3.95 per share due to its strong results for the quarter and its positive outlook on the rest of the year.

“We have a consumer-relevant portfolio packed with advantaged brands in advantaged categories, we have a superior supply chain, and we have a high-performing team focused on execution,” Smith continued. “I’m really excited about what’s ahead.”

Tyson Foods

For more on Tyson Foods’ financial performance in fiscal 2016, stay tuned to DeliMarket News.

Tyson Foods


Black Kassel - Snack like RoyaltyEiffel Tower - A creamy cow’s milk delight, featuring a chalky white rind and a cream-colored, buttery, soft interior that oozes when at the peak of ripeness and temperatureVenus Wafers - The Original Mariner Biscut Company - Made simple - Made right

Have a new product, press release or story idea?

Let us know

In This Story


Tyson Foods, Inc., founded in 1935, is one of the world's largest producers of chicken, beef, pork, and prepared foods.

The Spice Lab is Now USDA NOP Organic Certified

The USDA Organic seal assures consumers that products are 95% or more certified organic.
View Press Release

Valio Unveils On-Trend Food Innovations and Ingredients Solutions at SIAL Paris

The company plans to showcase its latest food innovations and tailor-made ingredients solutions at the upcoming show.
View Press Release

Charlotte-Based Hissho Sushi Makes N.C. Mid-Market Fast 40 List

This year marks 20 years since Hissho Sushi was founded in Charlotte, NC.
View Press Release

Anheuser-Busch Inbev & DS Smith Plastics Named 2018 Excellence in Reusable Packaging Award Winners

RPA announces two winners in the 2018 Excellence in Reusable Packaging award program.
View Press Release

It's Pumpkin Spice Season!

Litehouse debuts a fresh look for its line of deliciously indulgent caramel dips and a limited-edition flavor: Pumpkin Spice Caramel.
View Press Release

Time to Step Up Your Fall Menu Plan; Pereg Natural Foods Gets You Started

Suffering from pumpkin spice fatigue? Here are 14 savory reasons why you still need pumpkin spice in your life.
View Press Release

New Snack Bars Take the Tahini Craze to Healthy Delicious Heights

Absolutely Gluten Free introduces TahiniBAR, the energy bar made from sesame seeds, in three exciting flavors.
View Press Release

Apex to Represent Ice-O-Matic® in MAFSI Territory 16 & 19

Sales and sales support coverage by the global ice machine manufacturer now includes multiple states in the Midwestern U.S. with personnel in four major cities.
View Press Release

HNINA Receives Chocolatier's Award

International Chocolate Salon honors Vanessa (Hnina) Morgenstern-Kenan with The Chocolatier's Award.
View Press Release