Tyson Foods on call
Domestic demand for protein remains strong. Consumers are spending more on food (less on fuel).
- Prepared food segment seeing top and bottom line growth
- Co saw $20 mln operating income impact from West Cost ports/Avian Flu; port impact should abate. Turkey and table eggs impacted by Avian (bird) flu; loss of exports, leg quarters
- Have seen bottom in beef supply cycle
- Pork demand has been soft
- Sees 10% EPS growth next year