An expanded portfolio of strong brands, increased focus on the consumer and the creation of acquisition synergies are among the reasons Tyson Foods, Inc is built for growth, company officials told investors and analysts during the recent Tyson Foods’ Investor Day at the New York Stock Exchange.
Chairman John Tyson, President and CEO Donnie Smith and members of the company’s senior management team spoke at the event, which showcased the new Tyson Foods after its recent acquisition of frozen food producer The Hillshire Brands Company, noting that Tyson Foods now has the #1 brand in breakfast sausage, frozen, fully-cooked chicken, frozen protein breakfast, among others.
“This is an exciting time as we integrate Hillshire Brands into Tyson Foods and we have set higher expectations for growth,” Donnie Smith said. “The depth and breadth of our portfolio, our continued growth in value-added poultry and prepared foods, our well-positioned brands, our category leadership and the synergies we’re capturing are unlinking us from the volatility of the commodity markets.”
Chief Financial Officer Dennis Leatherby provided a financial outlook, reiterating that company leaders expect fiscal 2015 to be another strong year. Tyson Foods is projecting revenues of approximately USD42bn and which represents an increase of at least 12% compared to fiscal 2014.