Tyson Stepping Up Investment For More Growth Following Fourth Consecutive Record Year

SPRINGDALE, Ark., Nov. 21, 2016 (GLOBE NEWSWIRE) -- Tyson Foods, Inc. (NYSE:TSN), one of the world's largest food companies with leading brands including Tyson®, Jimmy Dean®, Hillshire Farm®, Sara Lee®, Ball Park®, Wright®, Aidells® and State Fair®, today reported the following results:
(in millions, except per share data)   Fourth Quarter   12 Months Ended
    2016   2015   2016   2015
Sales   $ 9,156     $ 10,506     $ 36,881     $ 41,373  
Operating Income   586     550     2,833     2,169  
                 
Net Income   392     259     1,772     1,224  
Less: Net Income (Loss) Attributable to Noncontrolling Interests   1     1     4     4  
Net Income Attributable to Tyson   $ 391     $ 258     $ 1,768     $ 1,220  
                 
Net Income Per Share Attributable to Tyson   $ 1.03     $ 0.63     $ 4.53     $ 2.95  
                 
Adjusted¹ Sales   $ 9,156     $ 9,756     $ 36,881     $ 40,623  
                 
Adjusted¹ Operating Income   $ 586     $ 568     $ 2,833     $ 2,253  
                 
Adjusted¹ Net Income Per Share Attributable to Tyson   $ 0.96     $ 0.83     $ 4.39     $ 3.15  
                                 

¹Adjusted sales, adjusted operating income and adjusted net income per share attributable to Tyson are non-GAAP financial measures and are explained and reconciled to a comparable GAAP measure at the end of this release. Additionally, items reflected as adjusted exclude the impact of the additional week in the fourth quarter and 12 months of fiscal 2015.

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