Tyson Foods Outlines Company Strategy to Investors
NEW YORK, May 16, 2012 (GLOBE NEWSWIRE) -- Now that Tyson Foods, Inc. (NYSE:TSN) has achieved earnings stability in recent years, the company is looking toward earnings growth. "Accelerate, Innovate, Cultivate" is the company's strategy to grow its business, Donnie Smith, Tyson's president and chief executive officer, today told investors at the BMO Capital Markets 2012 Farm to Market Conference. Dennis Leatherby, executive vice president and chief financial officer, also represented Tyson at the conference.
"We will accelerate growth through our international businesses in China, Brazil, Mexico and India, and we will grow our value-added product sales domestically," Smith said. "We will innovate through products, processes and analytics, and we will cultivate our team members through practical talent development programs."
The "Accelerate, Innovate, Cultivate" strategy is built on a foundation of managing business fundamentals and on a strong capital structure. Tyson's balance sheet gives the company flexibility to build or buy assets to fill product offering gaps while continuing to invest in its existing infrastructure, Smith said.
"De-risking and optionality are terms we use to describe how we will manage our capital structure to drive a sustained competitive advantage," Smith said. Tyson has gone from a net debt to capital ratio of about 55% at the beginning of fiscal 2002 to 20.5% at the end of fiscal 2011, putting the company in a better position to capitalize on changing protein fundamentals, even in times of challenging market dynamics.
About Tyson Foods (TSN)
Tyson Foods, Inc. (NYSE:TSN), founded in 1935 with headquarters in Springdale, Arkansas, is one of the world's largest processors and marketers of chicken, beef and pork, the second-largest food production company in the Fortune 500 and a member of the S&P 500. The company produces a wide variety of protein-based and prepared food products and is the recognized market leader in the retail and foodservice markets it serves. Tyson provides products and services to customers throughout the United States and more than 130 countries. The company has approximately 115,000 Team Members employed at more than 400 facilities and offices in the United States and around the world. Through its Core Values, Code of Conduct and Team Member Bill of Rights, Tyson strives to operate with integrity and trust and is committed to creating value for its shareholders, customers and Team Members. The company also strives to be faith-friendly, provide a safe work environment and serve as stewards of the animals, land and environment entrusted to it.
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Forward Looking Statements
This release includes forward-looking statements as well as historical information. These forward-looking statements may include statements relating to domestic and international growth and product innovations. Actual results may vary. Factors that could cause actual results to differ from those in the forward-looking statements include, but are not limited to: consumer demand and perceptions; the availability of raw materials; customer requests and requirements; and the ability to compete in products and prices in a competitive industry.
CONTACT: Investor Contact: Jon Kathol, 479-290-4235 Media Contact: Gary Mickelson, 479-290-6111
Source: Tyson Foods, Inc. 2012 GlobeNewswire, Inc.