On Jan. 29, Tyson Foods (NYSE:TSN) released first-quarter earnings for the period ended Dec. 30.
- Net sales increased by 1.6%, as a result of volume surges in the beef, chicken, and pork segments.
- Management recognized Tyson's new Cost Management Initiative as a primary driver of the company's net profits, also decreasing selling, general, and administrative expenses by $44 million.
- Tyson Foods is only a 1-star stock in CAPS, our new interactive stock database; apparently our CAPS community doesn't think Tyson will out-grill the S&P 500.
(Figures in millions, except per-share data)
Income Statement Highlights
|
Q1 2007 |
Q1 2006 |
Change | |
|---|---|---|---|
|
Sales |
$6,558 |
$6,454 |
1.6% |
|
Net Profit |
$57 |
$39 |
46.2% |
|
EPS |
$0.16 |
$0.11 |
45.5% |
|
Diluted Shares |
353 |
358 |
(1.4%) |
Get back to basics with a look at the income statement.
Margin Checkup
|
Q1 2007 |
Q1 2006 |
Change* | |
|---|---|---|---|
|
Gross Margin |
5.1% |
5.3% |
(0.2) |
|
Operating Margin |
2.2% |
1.7% |
0.5 |
|
Net Margin |
0.9% |
0.6% |
0.3 |
Margins are the earnings engine. See how they work.
Balance Sheet Highlights
|
Assets |
Q1 2007 |
Q1 2006 |
Change |
|---|---|---|---|
|
Cash + ST Invest. |
$45 |
$30 |
50.0% |
|
Accounts Rec. |
$1,135 |
$1,254 |
(9.5%) |
|
Inventory |
$2,046 |
$2,154 |
(5.0%) |
|
Liabilities |
Q1 2007 |
Q1 2006 |
Change |
|---|---|---|---|
|
Trade Accounts Payable |
$1,064 |
$1,155 |
(7.9%) |
|
Long-Term Debt* |
$2,961 |
$2,988 |
(0.9%) |
Learn the ways of the balance sheet.
Cash Flow Highlights
|
Q1 2007 |
Q1 2006 |
Change | |
|---|---|---|---|
|
Cash From Operations |
$321 |
$183 |
75.4% |
|
Capital Expenditures |
$43 |
$189 |
(77.2%) |
|
Free Cash Flow |
$278 |
($6) |
N/A |
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Related Companies:
- Hormel Foods (NYSE:HRL)
- ConAgra Foods (NYSE:CAG)
- Smithfield Foods (NYSE:SFD)
Related Foolishness:
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