Tyson Foods, Inc., and its subsidiaries produce, distribute and market chicken, beef, pork, prepared foods and related allied products. The Company operates a totally integrated poultry production process.
Fresh food purchases at grocery stores continue to show higher growth rates than canned, packaged, and frozen food sales, and now account for 30% of all supermarket revenue..
Organic sellers like Whole Foods Market (WFM -2.8%) account for some of the extra sales, but retail giants such as Wal-Mart (WMT -0.6%), Kroger (KR -0.7%), and Target (TGT -1.6%) are also broadening out their fresh food sections.
Breaking with tradition to provide earnings guidance, Tyson Foods (TSN -0.4%) - presenting at a BAML conference - tells investors it expects EPS of at least $2.78 in F14, more than 23% above the previous year, and "we're poised for 10% EPS growth in 2015 and beyond."
The growth emphasis is on prepared foods. Donnie King (president of that division): "We are more consumed focused and provide insights-driven solutions for our customers and consumers." He cites the company's entry into the breakfast foods category as an example of efforts to grow the segment.