Tyson Foods Sustainably Feeding the World with Growing Portfolio of Protein Packed Brands
March 21 2017 - 1:25PM
Tyson Foods, Inc. (NYSE:TSN) President and CEO Tom Hayes today told
investors at the Consumer Analyst Group of Europe’s annual
conference that the company’s newly refined purpose of “raising the
world’s expectations for how much good food can do” can be
accomplished with sustainability at the forefront.
Hayes described the company’s “twin growth engines” as a
portfolio of protein packed brands, including the billion dollar
brands Tyson®, Jimmy Dean® and Hillshire Farm®, coupled with a bold
commitment to delivering sustainable food at scale.
“We will use our reach, capabilities and resources to drive
positive change,” Hayes said. “Innovation will address complex
issues. Trade-offs will be minimized as we solve for healthier
food, healthier animals, a healthier environment and a healthier
workplace. All of these areas must advance together if we are to
create a more sustainable system.”
By investing in sustainability, Tyson Foods expects to create a
“virtuous cycle” of contributing to the future while paying for
itself in the present. Over time, investments in sustainability
should fund themselves through reduced waste and costs.
“Tyson Foods is strong today and leading for tomorrow,” Hayes
said. “We’ve demonstrated consistent earnings growth and strong
operating cash flow, and we’ve returned cash to our shareholders
through share repurchases and dividends. We’re a strong company
today with solid financials and a unique position for growth. We’re
ready for tomorrow with a purpose, a clear strategy and a
world-class team focused on the future.”
For more information on Tyson Foods’ recently announced
sustainability efforts, see Tyson Foods' New Leaders Position
Company for Future Growth.
About Tyson FoodsTyson Foods, Inc., with
headquarters in Springdale, Arkansas, is one of the world's largest
food companies with leading brands such as Tyson®, Jimmy Dean®,
Hillshire Farm®, Sara Lee®, Ball Park®, Wright®, Aidells® and State
Fair®. It’s a recognized market leader in chicken, beef and pork as
well as prepared foods, including bacon, breakfast sausage, turkey,
lunchmeat, hot dogs, pizza crusts and toppings, tortillas and
desserts. The company supplies retail and foodservice customers
throughout the United States and approximately 115 countries. Tyson
Foods was founded in 1935 by John W. Tyson, whose family has
continued to lead the business with his son, Don Tyson, guiding the
company for many years and grandson, John H. Tyson, serving as the
current chairman of the board of directors. At October 1,
2016, the company had approximately 114,000 Team Members employed
at more than 400 facilities and offices in the United States and
around the world. Through its Core Values, Code of Conduct and Team
Member Bill of Rights, Tyson Foods strives to operate with
integrity and trust and is committed to creating value for its
shareholders, customers and Team Members. The company also strives
to be faith-friendly, provide a safe work environment and serve as
stewards of the animals, land and environment entrusted to it.
To download Tyson Foods’ free investor relations 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.
Forward-Looking Statements
Certain information contained in the press release may
constitute forward-looking statements, such as statements relating
to expected performance, and including, but not limited to, growth,
sustainability, and returns on investments. 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. We wish to caution readers not
to place undue reliance on any forward-looking statements, which
speak only as of the date made. Among the factors that may cause
actual results and experiences to differ from anticipated results
and expectations expressed in such forward-looking statements are
those factors listed under Item 1A. “Risk Factors” included in our
Annual Report filed on Form 10-K for the period ended October 1,
2016.
Media Contact: Gary Mickelson, 479-290-6111
Investor Contact: Jon Kathol, 479-290-4235
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