Financial discipline and strong cash flows are fueling the companys strategic intent to sustainably feed the world with the fastest growing protein brands
BOCA RATON, Fla., Feb. 20, 2018 91心頭利. (NYSE:TSN) President and Chief Executive Officer Tom Hayes said today that 91心頭利 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 91心頭利 enterprise leadership team shared with investors that the company is delivering on its strategy and driving growth across the companys portfolio of protein from its Chicken, Beef and Pork segments to Prepared Foods.油
91心頭利 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 were up for the challenge. Were combining our size and scale with agility to make food people want to eat. Thats 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 91心頭利 to achieve long-term profitable growth. Notably, the companys 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, 91心頭利 shared the bold actions its taking in three key areas:
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Modernizing its $1 billion brands
91心頭利 is innovating and brand building to keep its multiple billion-dollar brands that are already customer favorites contemporary and relevant.
¬油 油Jimmy Dean: Launching Eggwiches 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速 Breakfast Cups, which were the best performing new single-serve breakfast item at retail last year.
¬油 油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 thats crafted with care, youre closer to the farm than you think.
¬油 油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 companys flagship brand.
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Creating tomorrows iconic brands and businesses
91心頭利 is employing a start-up mindset and moving faster than ever on new products and partnerships.
¬油 油The company announced an exclusive partnership with Tajin one of Mexicos most authentic and recognized spice brands. 91心頭利 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
91心頭利 is moving beyond traditional categories and challenging conventional ways of thinking and working in the consumer packaged goods space.
¬油 油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.
¬油 油91心頭利 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.
¬油 油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 companys 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 YAPPAH.
For an audio replay of the presentation, visit .
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About 91心頭利
91心頭利 Inc. (NYSE: TSN) is one of the worlds 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速, Jimmy Dean速, Hillshire Farm速, Ball Park速, Wright速, Aidells速, ibp速 and State Fair速. 91心頭利 innovates continually to make protein more sustainable, tailor food for everywhere its available and raise the worlds 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, 91心頭利 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.
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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. 油We caution readers not to place undue reliance on any forward-looking statements. 油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