Tyson Foods Eyes Further Expansion

On September 8, 2016, in Boston, Tyson Foods, Inc. (NYSE: TSN) executives informed attendees at the Barclays Global Consumer Staples Conference about the company's increased and more consistent earnings and sales volume growth. Donnie Smith, the CEO of Tyson Foods, stated, "Our adjusted earnings guidance for fiscal 2016 is $4.40-4.50 per share, which is a 40 percent increase from last year and represents a four-year compound annual growth rate of approximately 22 percent. We are confident that we can achieve high single-digit growth in fiscal 2017." Smith also mentioned that Tyson Foods is giving back to its shareholders through increased dividends and share buybacks, which totaled 31 million shares in the past 12 months up to August 8. "In addition to dividends and share buybacks, we plan to use our significant cash flows to invest in our business or make strategic acquisitions," he added. Tom Hayes, the president of Tyson Foods, stated that the company's "Core 9" product lines, which include the Tyson®, Jimmy Dean®, Hillshire Farm®, Ball Park®, Wright®, Aidells® and State Fair® brands, are experiencing growth and gaining momentum. "The investments we made in the Core 9 to stimulate volume growth are yielding returns," he said. "We continue to outperform retail food and beverage. Tyson Core 9 is leading in volume performance among the top 10 consumer packaged goods retail food manufacturers, and Tyson Foods is one of only three companies to show growth in the most recent quarter. We are increasing sales volume, sales dollar sales, and market share," Hayes added. About Tyson Foods Tyson Foods, Inc. (NYSE: TSN), headquartered in Springdale, Arkansas, is one of the world's largest food companies with leading brands such as Tyson®, Jimmy Dean®, Hillshire Farm®, Sara Lee®, Ball Park®, Wright®, Aidells® and State Fair®. The company is a recognized market leader in chicken, beef, and pork, as well as prepared foods, including bacon, breakfast sausage, turkey, lunchmeat, hot dogs, pizza crusts and toppings, tortillas, and desserts. Tyson Foods supplies retail and foodservice customers in the United States and approximately 130 countries. Founded in 1935 by John W. Tyson, the company has been led by his family, with his son, Don Tyson, guiding the company for many years and his grandson, John H. Tyson, currently serving as the chairman of the board of directors. The company employs approximately 113,000 Team Members at more than 400 facilities and offices in the United States and around the world. Tyson Foods operates with integrity and trust and is committed to creating value for its shareholders, customers, and Team Members. The company also strives to be faith-friendly, provide a safe work environment, and serve as stewards of the animals, land, and environment entrusted to it. To download Tyson Foods’ free investor relations app, which offers access to SEC filings, news releases, transcripts, webcasts, and presentations, please visit the App Store for iPhone and iPad or Google Play for Android mobile devices. Forward Looking Statements This release includes forward-looking statements as well as historical information. These forward-looking statements are made as of the date of the release and include statements relating to projected earnings, projected compound annual growth rate, capital strategy, brand performance, and anticipated sales and market share growth. Actual results may vary. Factors that could cause actual results to differ from those in the forward-looking statements include, but are not limited to: certain categories in which our products are sold do not grow or the sales of our products fall below our expectations. Additional information regarding these and other risks is included in Item 1.A. “Risk Factors” on our Form 10-K for the period ended October 3, 2015. Tyson Foods does not assume any obligation to update the information contained in this communication (whether as a result of new information, future events or otherwise), except as required by applicable law. Media Contact: Gary Mickelson, 479-290-6111 Investor Contact: Jon Kathol, 479-290-4235