Tyson Foods Backs FY15 Earnings View

(RTTNews) - Tyson Foods, Inc. (TSN) said Monday that its branded product portfolio, operational execution and synergy capture from the acquisition of Hillshire Brands give it the confidence to reiterate its fiscal 2015 adjusted guidance of $3.30 to $3.40 per share.

Analysts polled by Thomson Reuters currently expect the company to earn $3.43 per share for the fiscal year 2015. Analysts' estimates typically exclude special items.

"We have advantaged brands in advantaged categories. We are on pace to meet or exceed more than $225 million in annual synergies this year. We have strong cash flows that give us options for the future. We have the size, scale and flexibility to serve customers and consumers in multiple channels, and we're creating value for our shareholders," Dennis Leatherby, Tyson Foods' executive vice president and chief financial officer, said in preparation for the Consumer Analyst Group of Europe annual conference in London on Wednesday.