Tyson Foods beats by $0.10, reports revs in-line; guides FY15 EPS in-line; co reports record Q4 sales and record 2014 sales and adj. EPS
Reports Q4 (Sep) earnings of $0.87 per share, excluding non-recurring items, $0.10 better than the Capital IQ Consensus Estimate of $0.77; revenues rose 13.6% year/year to $10.11 bln vs the $10.14 bln consensus.
- Co issues in-line guidance for FY15, sees EPS of $3.30-3.40 vs. $3.33 Capital IQ Consensus Estimate.
- "This is an exciting time as we integrate Hillshire Brands and Tyson Foods," Smith said, "and I believe that when we look back on this merger years from now, we'll see it as a watershed event. We're setting higher expectations and anticipating more growth and increased profitability, specifically in the Chicken and Prepared Foods segments."
- "In the long-term, our Chicken segment should generate a 7-9% return on sales, although we expect fiscal 2015 to be particularly strong with a return of more than 10%."
- "Fiscal 2015 should be another great year and is already off to a strong start... as we look ahead to 2016, we see continued success and growth."