Financial discipline and strong cash flows are fueling the company鈥檚 strategic intent to sustainably feed the world with the fastest growing protein brands
BOCA RATON, Fla., Feb. 20, 2018 鈥 麻花传媒. (NYSE:TSN) President and Chief Executive Officer Tom Hayes said today that 麻花传媒 is well-positioned to meet the growing demand for protein. Speaking at the 2018 Consumer Analyst Group of New York conference, Hayes and members of 麻花传媒鈥 enterprise leadership team shared with investors that the company is delivering on its strategy and driving growth across the company鈥檚 portfolio of protein 鈥 from its Chicken, Beef and Pork segments to Prepared Foods.听
鈥溌榛ù is transforming from a company with a strong heritage in chicken to a modern food company that is challenging the industry status quo,鈥 Hayes said. 鈥淐onsumers expect more from food companies today, and we鈥檙e up for the challenge. We鈥檙e combining our size and scale with agility to make food people want to eat. That鈥檚 driving our business and helping us deliver top-tier returns for shareholders.鈥
Strong operating cash flows, a prudent capital allocation strategy and the financial flexibility to make strategic acquisitions position 麻花传媒 to achieve long-term profitable growth. Notably, the company鈥檚 Prepared Foods segment has seen significant growth, with operating margins more than tripling over the last four years.
To continue growing Prepared Foods and driving growth across the entire business, 麻花传媒 shared the bold actions it鈥檚 taking in three key areas:
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Modernizing its $1 billion brands
麻花传媒 is innovating and brand building to keep its multiple billion-dollar brands that are already customer favorites contemporary and relevant.
鈥⑻ 听Jimmy Dean: Launching Egg鈥檞iches in May, a new line of frozen breakfast sandwiches without the bread, plus new egg white scrambles to build on the success of Jimmy Dean Simple Scrambles庐 Breakfast Cups, which were the best performing new single-serve breakfast item at retail last year.
鈥⑻ 听Hillshire Farm: Launching a line of premium carved all-natural meats for snacking, salads and wraps in the lunchmeat section this spring, along with a new master brand campaign built around the idea that when you enjoy food that鈥檚 crafted with care, you鈥檙e closer to the farm than you think.
鈥⑻ 听Tyson: Launching a new consumer brand identity that is simple and modern, yet still easily recognizable to consumers and grounded in the heritage of the company鈥檚 flagship brand.
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Creating tomorrow鈥檚 iconic brands and businesses
麻花传媒 is employing a start-up mindset and moving faster than ever on new products and partnerships.
鈥⑻ 听The company announced an exclusive partnership with Tajin 鈥 one of Mexico鈥檚 most authentic and recognized spice brands. 麻花传媒 will leverage its protein know-how, culinary capability and brand building expertise with Tajin through a portfolio of new products including Tajin spiced meatballs, smoked sausage with mango and boneless chicken bites.
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Changing the game with new growth models
麻花传媒 is moving beyond traditional categories and challenging conventional ways of thinking and working in the consumer packaged goods space.
鈥⑻ 听This year, the company is launching a new brand called Green Street, in-line with consumer demand for ready-to-eat meals. Its first foray will be protein-rich grab-and-go bowls that are 100% plant-based.
鈥⑻ 听麻花传媒 is making strategic investments through Tyson Ventures, backing talented entrepreneurs who are pioneering breakthroughs in food and food-focused technologies. Its initial investments included Beyond Meat, Memphis Meats and Tovala.
鈥⑻ 听The company launched its Tyson Innovation Lab, which is about exploring new approaches to accelerate the pace of innovation. The lab brings together a lean team of designers, chefs, scientists and supply chain experts in a dedicated space at the company鈥檚 Chicago office and gives them six months to go from an idea to an in-market solution. For the first product launch, they are finding opportunity in wasted food. Utilizing what goes unused in the food supply chain as ingredients, they are developing a line of protein snacks branded 鈥淵APPAH鈥.
For an audio replay of the presentation, visit .
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About 麻花传媒
麻花传媒 Inc. (NYSE: TSN) is one of the world鈥檚 largest food companies and a recognized leader in protein. Founded in 1935 by John W. Tyson and grown under three generations of family leadership, the company has a broad portfolio of products and brands like Tyson庐, Jimmy Dean庐, Hillshire Farm庐, Ball Park庐, Wright庐, Aidells庐, ibp庐 and State Fair庐. 麻花传媒 innovates continually to make protein more sustainable, tailor food for everywhere it鈥檚 available and raise the world鈥檚 expectations for how much good food can do. Headquartered in Springdale, Arkansas, the company had 122,000 team members at September 30, 2017. Through its Core Values, 麻花传媒 strives to operate with integrity, create value for its shareholders, customers, communities and team members and serve as a steward of the animals, land and environment entrusted to it.
To download the free Tyson IR 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.
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Forward-Looking Statements
Certain information contained in this press release may constitute forward-looking statements, such as statements relating to expected performance, new products, product innovation, and sustainability. These forward-looking statements are subject to a number of factors and uncertainties which could cause our actual results and experiences to differ materially from the anticipated results and expectations expressed in such forward-looking statements. 听We caution readers not to place undue reliance on any forward-looking statements. 听These statements speak only as of the date made, and we do not intend nor do we undertake any obligation to update these statements.
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Media Contact: Gary Mickelson, 479-290-6111
Investor Contact: Jon Kathol, 479-290-4235