Tyson (TSN) Issues Mixed Q4 Results as Chicken Unit Posts Loss; Bullish on FY12 Outlook
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Price: $24.87 -0.2%
Revenue Growth %: +1.1%
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Revenue Growth %: +1.1%
Financial Fact:
Cash Dividends: 0.05
Today's EPS Names:
ANF, DXLG, FL, More
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Shares of Tyson Foods (NYSE: TSN) are trading lower Monday following mixed fourth-quarter results, but a comparably strong outlook for fiscal 2012. The stock last traded at $19 even, down 2.3 percent from Friday's closing price.
Net income for Tyson fell 55 percent to $97 million, or 26 cents per share. The number compared from earnings of 57 cents reported in the same period last year.
Sales increased by nearly 13 percent, from $7.441 billion in the year-ago quarter to $8.404 billion.
The Street was expecting earnings of 31 cents per share and revenue of $8.19 billion.
Operating margin moved from 5.3 percent to about 2.1 percent.
On a per segment basis, chicken volume moved 3.7 percent higher, with a comparable 5.3 percent increase in average prices. Beef volume fell 2.3 percent, but the average price change was 18.6 percent. Pork volumes improved 1 percent, with average prices increasing 12.5 percent.
Notably, Tyson lost money in its chicken segment, with an operating loss of $82 million, as operating margins fell from 5.4 percent last year to a negative 2.9 percent.
Tyson sees 2012 sales over $34 billion, which compares to the Street estimate of $34.01 billion. CEO Donnie Smith also said all of Tyson's segments are profitable in its fiscal first-quarter 2012 to date.
In terms of overall demand, Tyson is modeling for a fall of 2 to 3 percent in 2012, which should lead to further pricing improvements.
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Net income for Tyson fell 55 percent to $97 million, or 26 cents per share. The number compared from earnings of 57 cents reported in the same period last year.
Sales increased by nearly 13 percent, from $7.441 billion in the year-ago quarter to $8.404 billion.
The Street was expecting earnings of 31 cents per share and revenue of $8.19 billion.
Operating margin moved from 5.3 percent to about 2.1 percent.
On a per segment basis, chicken volume moved 3.7 percent higher, with a comparable 5.3 percent increase in average prices. Beef volume fell 2.3 percent, but the average price change was 18.6 percent. Pork volumes improved 1 percent, with average prices increasing 12.5 percent.
Notably, Tyson lost money in its chicken segment, with an operating loss of $82 million, as operating margins fell from 5.4 percent last year to a negative 2.9 percent.
Tyson sees 2012 sales over $34 billion, which compares to the Street estimate of $34.01 billion. CEO Donnie Smith also said all of Tyson's segments are profitable in its fiscal first-quarter 2012 to date.
In terms of overall demand, Tyson is modeling for a fall of 2 to 3 percent in 2012, which should lead to further pricing improvements.
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