This Day On The Street
Continue to site
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

Tyson Foods Management Discusses Q3 2012 Results - Earnings Call Transcript

In the retail channel, according to the Perishable Group, for the 13-week period ended June 30, overall fresh sales -- overall sales of fresh meat were down 3.3% in volume versus the same period a year ago, driven by a 0.6% increase in price. Beef and pork volume were down 7% and 1.7%, respectively. Chicken was the only category that saw pounds sold increase versus a year ago, but the increase was very slight at 0.2% and demand feels sluggish to us.

The USDA forecast food prices will continue to rise in 2013, led by meat, eggs and dairy, as a result of the drought. Beef prices are expected to be up 4% to 5%; pork, up 2.5% to 3.5%; and poultry, up 3% to 4%.

In the foodservice channel, Technomic revised its 2012-2013 forecast upward to 1.7% real annual growth, up 1.1% from its previous forecast. The National Restaurant Association's Performance Index was stable for June. And while we still feel sluggish demand in foodservice and the outlook is far from robust, these indexes might indicate that perhaps the worst is over.

The NPD Group's consensus of commercial restaurant locations finds that numbers of both independent and chain restaurants have risen, with independents finally showing a slight increase for the first time since 2009, another hopeful sign.

Read the rest of this transcript for free on

4 of 4

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Real Money

More than 30 investing pros with skin in the game give you actionable insight and investment ideas.

Product Features:
  • Access to Jim Cramer's daily blog
  • Intraday commentary and news
  • Real-time trading forums
Only $49.95
14-Days Free
14-Days Free
AAPL $93.74 0.00%
FB $117.58 0.00%
GOOG $693.01 0.00%
TSLA $240.76 0.00%
YHOO $36.60 0.00%


Chart of I:DJI
DOW 17,773.64 -57.12 -0.32%
S&P 500 2,065.30 -10.51 -0.51%
NASDAQ 4,775.3580 -29.9330 -0.62%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs