Tyson Foods outlines company strategy to investors
Now that Tyson Foods Inc. has achieved earnings stability in recent years, the company is looking toward earnings growth, it announced. "Accelerate, Innovate, Cultivate" is the company's strategy to grow its business, Donnie Smith, Tyson's president and CEO, told investors at the BMO Capital Markets 2012 Farm to Market Conference. Dennis Leatherby, executive vice president and chief financial officer, also represented Tyson at the conference.
"We will accelerate growth through our international businesses in China, Brazil, Mexico and India, and we will grow our value-added product sales domestically," Smith said. "We will innovate through products, processes and analytics, and we will cultivate our team members through practical talent development programs."
The "Accelerate, Innovate, Cultivate" strategy is built on a foundation of managing business fundamentals and on a strong capital structure. Tyson's balance sheet gives the company flexibility to build or buy assets to fill product offering gaps while continuing to invest in its existing infrastructure, Smith said.