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Tyson Foods Reports Solid Results Amidst Trying Conditions

Tyson Foods Reports Solid Results Amidst Trying Conditions


SPRINGDALE, AR
Monday, May 7th, 2018

This week, Tyson Foods reported its financial statement for the first six months and second quarter of 2018, announcing earnings growth and positive forward trajectory. With the first half of 2018 completed, the company is now looking ahead to the rest of the year to continue is growth momentum.

Tom Hayes, President and Chief Executive Officer, Tyson Foods“We are continuing to grow our business as we create a modern food company focused on protein,” said Tom Hayes, President and Chief Executive Officer. “Sales, volume, adjusted operating income, and adjusted EPS all increased in the fiscal second quarter vs. the same period last year. Up against challenging conditions, we delivered solid results in all four of our segments.”

According to a company press release, highlights from the first six months included:

  • Record EPS of $5.25, up 109% from last year; Record Adjusted EPS of $3.08, up 18% from last year
  • Operating income of $1,425 million, down 8% from last year; Record Adjusted operating income of $1,644 million up 2% from last year
  • Total Company operating margin of 7.1%; Adjusted operating margin of 8.2%
  • Realized $102 million of Financial Fitness Program cost savings

“We’ve built a strong foundation of sustainable growth that positions us well for the second half of the fiscal year and beyond. We’re outpacing the food and beverage industry today—and looking ahead, we’ll keep challenging the status quo and drive growth across our iconic brands,” Hayes continued.

Tyson facility

Highlights from the second quarter included:

  • EPS of $0.85, down 8% from last year; Adjusted EPS of $1.27, up 26% from last year
  • Operating income of $498 million, down 13% from last year; Adjusted operating income of $694 million, up 11% from last year
  • Realized $65 million of Financial Fitness Program cost saving

Tyson Foods also saw increased sales volume for the six month and second quarter of fiscal 2018 in each of its segments, including beef, pork, chicken, and prepared foods. Specifically, the company saw stronger consumer demand for beef and chicken products, and after its AdvancePierre® Foods acquisition, saw an incremental volume of prepared foods and chicken products as well.

For the full financial report, click here.

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Tyson Foods
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