Financial discipline and strong cash flows are fueling the company’s strategic intent to sustainably feed the world with the fastest growing protein brands
Tyson Foods, Inc. President and Chief Executive Officer Tom Hayes said recently that Tyson Foods 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 Tyson Foods’ enterprise leadership team shared with investors that the company is delivering on its strategy and driving growth across the company’s portfolio of protein – from its Chicken, Beef and Pork segments to Prepared Foods.
“Tyson Foods is transforming from a company with a strong heritage in chicken to a modern food company that is challenging the industry status quo,” Hayes said. “Consumers expect more from food companies today, and we’re up for the challenge. We’re combining our size and scale with agility to make food people want to eat. That’s driving our business and helping us deliver top-tier returns for shareholders.”
Strong operating cash flows, a prudent capital allocation strategy and the financial flexibility to make strategic acquisitions position Tyson Foods to achieve long-term profitable growth. Notably, the company’s 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, Tyson Foods shared the bold actions it’s taking in three key areas:
Modernizing its $1B brands
Tyson Foods is innovating and brand building to keep its multiple billion-dollar brands that are already customer favorites contemporary and relevant.
Creating tomorrow’s iconic brands and businesses
Tyson Foods is employing a start-up mindset and moving faster than ever on new products and partnerships.
Changing the game with new growth models
Tyson Foods is moving beyond traditional categories and challenging conventional ways of thinking and working in the consumer packaged goods space.
For an audio replay of the presentation, visit TYSON’S INVESTOR RELATIONS WEBSITE (http://ir.tyson.com/investor-relations/events-and-presentations/event-details/2018/Tyson-Presentation-at-CAGNY-2018/default.aspx).
SOURCE: Tyson Foods, Inc.