On the heels of facility announcements and leadership appointments, Tyson Foods, Inc. has released the latest information on the company’s financials; marking higher and more stable earnings and sales volume growth.
“As stated on our last earnings call, our adjusted earnings guidance for fiscal 2016 of $4.40-4.50 per share is 40 percent more than last year and represents a four-year compound annual growth rate of approximately 22 percent, and we’re confident we can achieve high single digit growth in fiscal 2017,” said Donnie Smith, Tyson Foods’ Chief Executive Officer.
The company stated, according to a recent press release, that it is returning cash to shareholders by increasing dividends and sharing repurchasing, totaling 31 million shares in the previous twelve months through August 8.
“Beyond dividends and share buybacks, we’ll use our substantial cash flows to invest in our business or make strategic acquisitions,” continued Smith.
According to Tyson Foods' President, Tom Hayes, the company identified its “Core 9” product lines, which are growing and gaining continuous momentum, as the following:
“The investments we made in the Core 9 to spur volume growth are generating returns,” Hayes said. “We continue to outpace retail food and beverage. Tyson Core 9 is leading in volume performance among the top 10 consumer packaged goods retail food manufacturers, and Tyson Foods is one of only three companies to show growth in the latest quarter. We’re growing sales volume, sales dollar sales, and market share.”
The above information was relayed to investors at the Barclays Global Consumer Staples Conference from Boston, MA.
As we recently reported, in further moves towards lasting company growth, Tyson recently broke ground on a new $136 million facility, streamlined operations through the closure of a Wisconsin plant, and appointed a new Vice President of Foodservice Sales for Tyson Fresh Meats.
As Tyson and other companies in the industry continue to hone their strategies, Deli Market News will have the latest in impactful announcements.