Tyson Foods (TSN) Affirms FY15 Outlook into CAGE Conference
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At its presentation at the Consumer Analyst Group of Europe (CAGE) annual conference in London on Wednesday, Tyson Foods, Inc. (NYSE: TSN) plans to tell analysts that its branded product portfolio, operational execution and synergy capture from the acquisition of Hillshire Brands give it the confidence to reiterate its fiscal 2015 guidance of $3.30 to $3.40 adjusted earnings per share.
"We have advantaged brands in advantaged categories. We are on pace to meet or exceed more than $225 million in annual synergies this year. We have strong cash flows that give us options for the future. We have the size, scale and flexibility to serve customers and consumers in multiple channels, and we're creating value for our shareholders," Dennis Leatherby, Tyson Foods' executive vice president and chief financial officer, said in preparation for the CAGE conference. "It is gratifying to be in control of our own destiny, and we're looking forward to telling our growth story to investors in Europe."
The company's presentation will be March 18 at 8:15 a.m. GMT (4:15 a.m. EDT, 3:15 a.m. CDT). Leatherby and Andy Callahan, president, retail packaged brands, will be the speakers.
The presentation will be webcast live and may be accessed from the company's website at http://ir.tyson.com or via direct link at http://tysonfoodscage2015.modstreaming.com/. A replay of the webcast will be available approximately one hour following the conclusion of the presentation.
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