Tuesday, May 05, 2015

Accordance with Hillshire help Tyson Foods to overcome expectations

Tyson Foods, the largest meat processor in the United States, had a better-than-expected quarterly profit helped by its acquisition last year of Hillshire Brands, which produces the Jimmy Dean sausage.
Business sales of prepared foods, under which Tyson sells mostly bacon, pepperoni and sausages, have more than doubled to $ 1.88 billion, overshadowing a drop in sale of chickens.
The u.s. poultry industry is facing the biggest outbreak of avian flu since the 1980.
Avian flu cases have been confirmed in 14 States and more than 21 million francs and turkeys were killed by the disease or slaughtered must be to limit the spread of the virus, according to federal and State regulators.
Tyson, who bought the Hillshire to enlarge your business of processed foods, said he hopes to reach more than 250 million dollars in savings this year, compared with more than 225 million dollars that had previously designed.
The company said it earned 77 million dollars in total savings during the second quarter as a result of the agreement with Hillshire.
Tyson kept its profit forecast for 2015 between 3.30 and 3.40 dollars per share.
The company reported that revenues increased 10.5 percent to 9.98 billion dollars in the second fiscal quarter ended March 28.
Net income attributable to Tyson Foods rose to 310 million dollars, or 0.75 dollar per share, compared with $ 213 million, or 0.60 dollar per paper, a year earlier.
Excluding items, the company had profit of $ 0.75 per share.
Analysts had expected on average a profit of $ 0.72 per share and revenue of 10.11 billion dollars, according to Thomson Reuters
Exame
Related products
News Item translated automatically
Click HERE to see original
Other news
DATAMARK LTDA. © Copyright 1998-2024 ®All rights reserved.Av. Brig. Faria Lima,1993 third floor 01452-001 São Paulo/SP