Tyson Foods Posts Strong Q2 Earnings
by May 4, 2015 8:03 am 146 views
Tyson Foods Inc. of Springdale reported Monday a fiscal second-quarter net profit that rose to $310 million, or 75 cents a share, from $213 million, or 60 cents a share in the same period a year ago.
A big jump in prepared foods sales offset declines in chicken, beef and pork sales. The company affirmed its full-year adjusted EPS outlook of $3.30 to $3.40.
The company’s full news release is available here.
Sales rose to $9.98 billion from $9.03 billion.
“The acquisition of Hillshire Brands has played an important role in Tyson Foods’ transformation, and we are very pleased with the progress of the integration and synergy capture, achieving $77 million in synergies in the second quarter,” Tyson CEO Donnie Smith said in the news release.