Tyson Foods Poised for a Record Year, Anticipating High Single-Digit EPS Growth in 2018

On August 7, 2017, Tyson Foods, Inc., a leading global food company and protein provider, announced its financial results. The company, which owns brands such as Tyson®, Jimmy Dean®, Hillshire Farm®, Ball Park®, Wright®, Aidells®, ibp® and State Fair®, is based in Springdale, Arkansas. The results for the third quarter and nine months ended in 2017 and 2016 were as follows: Sales for the third quarter of 2017 were $9,850 million, up from $9,403 million in 2016. For the nine months ended, sales were $28,115 million in 2017, slightly up from $27,725 million in 2016. Operating income for the third quarter of 2017 was $697 million, down from $767 million in 2016. For the nine months ended, operating income was $2,250 million in 2017, slightly up from $2,247 million in 2016. Net income for the third quarter of 2017 was $448 million, down from $485 million in 2016. For the nine months ended, net income was $1,383 million in 2017, slightly up from $1,380 million in 2016. Net income attributable to Tyson for the third quarter of 2017 was $447 million, down from $484 million in 2016. For the nine months ended, net income attributable to Tyson was $1,380 million in 2017, slightly up from $1,377 million in 2016. Adjusted operating income for the third quarter of 2017 was $756 million, down from $767 million in 2016. For the nine months ended, adjusted operating income was $2,361 million in 2017, up from $2,247 million in 2016. Tom Hayes, president and CEO of Tyson Foods, said the company delivered solid results in the third quarter, with net sales growing 4.8% compared to the same period in 2016. He added that the Beef and Pork segments performed strongly in the third quarter, generating cash to fuel investments in the Chicken and Prepared Foods businesses. The company also completed the acquisition of AdvancePierre in June, and the integration is progressing well.