On Monday, Shares of Tyson Foods, Inc. (NYSE:TSN), gained 1.48% to $41.09.
Tyson Foods, delivered 53% enhance in Second Quarter Adjusted Operating Income.
“This was another great quarter and better than we initially predictable,” said Donnie Smith, president and chief executive officer of Tyson Foods. “Our fiscal second quarter is seasonally challenging, but we came in above our projections due to strong performances by our Prepared Foods and Chicken segments.
“Our branded, value-added portfolio of complementary products has allowed us to achieve the balance needed to produce consistent, sustainable growth. We have structured our company to capitalize on the tailwinds and to manage through the headwinds in the parts of our business that are subject to commodity markets. By producing innovative, protein-centric foods, we are uniquely positioned to meet consumers’ needs for all meal occasions and all day parts, at home and away from home.
“The acquisition of Hillshire Brands has played an important role in Tyson Foods’ transformation, and we are very happy with the progress of the integration and synergy capture, achieving $77 million in synergies in the second quarter. Because we are ahead of pace in reaching our stated target of more than $225 million in fiscal 2015, we are raising our synergy target to more than $250 million for this year, $400 million in 2016 and $600 million in annual synergies by the end of fiscal 2017. In addition, we are reiterating our annual guidance of $3.30-3.40 adjusted earnings per share.”
Tyson Foods, Inc., together with its auxiliaries, produces, distributes, and markets chicken, beef, pork, prepared foods, and related allied products worldwide. The company breeds and raises chickens; and processes live chickens into fresh, frozen, and value-added chicken products. It also processes live fed cattle, and live market hogs and allied products; fabricates pork and dressed beef carcasses into primal and sub-primal cuts and case-ready products; and sells hides and meats.
Shares of McDonald’s Corp. (NYSE:MCD), declined -1.71% to $96.13, during its last trading session.
McDonald’s Corporation’s President and Chief Executive Officer Steve Easterbrook declared the initial steps of the Company’s turnaround plan counting a restructuring of McDonald’s worldwide business and financial updates.
Starting July 1, 2015, McDonald’s will operate under a new organizational structure with the following market segments:
- S. - the Company’s largest segment, accounting for more than 40% of the Company’s 2014 operating income;
- International Lead Markets - established markets counting Australia, Canada, France, Germany and the U.K., which operate within similar economic and competitive dynamics, offer similar growth opportunities and collectively represented about 40% of the Company’s 2014 operating income;
- High-Growth Markets - markets with relatively higher restaurant expansion and franchising potential counting China, Italy, Poland, Russia, South Korea, Spain, Switzerland and the Netherlands. Together these markets accounted for about 10% of the Company’s 2014 operating income; and
- Foundational Markets - the remaining markets in the McDonald’s system, each of which has the potential to operate under a largely franchised model. Corporate activities will also be stated within this segment.
McDonald’s Corporation operates and franchises McDonald’s restaurants in the United States, Europe, the Asia/Pacific, the Middle East, Africa, Canada, and Latin America.
At the end of Monday’s trade, Shares of Kellogg Company (NYSE:K), gained 0.38% to $64.13.
Selectica, Inc. (NASDAQ:SLTC), declared that it will be working with Kellogg, one of the world’s leading consumer packaged goods companies. Kellogg has chosen Selectica SmartContract® to automate its contract lifecycle processes enterprise-wide and ensure visibility into contract milestones.
In order to manage myriad of contracts with vendors both regional and global, Kellogg picked SmartContract® for its powerful features. After a lengthy evaluation period, Kellogg concluded that Selectica contract lifecycle administration offered the most configurable solution accessible.
With SmartContract®, Kellogg will be able to set unique and secure approval cycles for different types of contracts across geographies and standardize templates for their variety of NDA and procurement contract types. The technology allows for productive partnershipenterprise-wide, whether between internal departments or with international vendors.
Kellogg Company, together with its auxiliaries, manufactures and markets ready-to-eat cereal and convenience foods. The company operates through U.S. Morning Foods, U.S. Snacks, U.S. Specialty, North America Other, Europe, Latin America, and Asia Pacific segments.
Finally, Rockwell Automation Inc. (NYSE:ROK), ended its last trade with 0.80% gain, and closed at $122.21.
Rockwell Automation’s CFO Ted Crandall will present at the Robert W. Baird 2015 Growth Stock Conference in Chicago on Thursday, May 7, 2015. The presentation will be webcast startning at about 10:55 a.m. Central Time and will be accessible on the company’s website at www.rockwellautomation.com.
Rockwell Automation, Inc. provides industrial automation power, control, and information solutions. The company operates through two segments, Architecture & Software and Control Products & Solutions. The Architecture & Software segment provides control platforms, counting controllers, electronic operator interface devices, electronic input/output devices, communication and networking products, and industrial computers that perform multiple control disciplines and monitoring of applications, such as discrete, batch and continuous process, drives control, motion control, and machine safety control.
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