SPRINGDALE, Ark., July 30, 2018 (GLOBE NEWSWIRE) -- Tyson Foods, Inc. (NYSE:TSN) today revised fiscal year 2018 guidance. Although unable to reconcile revised 2018 adjusted earnings per share guidance to GAAP, the company now expects adjusted earnings for fiscal year 2018 to approximate $5.70-6.00 per share. Previously, the company had expected adjusted earnings per share of $6.55-6.70. Please see below for more information related to GAAP earnings per share guidance. /EIN News/ -- The primary drivers for this fiscal 2018 guidance update are: Uncertainty in trade policies and increased tariffs negatively impacting domestic and export prices - primarily chicken and pork Increased volatility in the commodity markets resulting in a greater than expected increase in the domestic supply of proteins and lower sales prices Sluggish domestic chicken demand due to such pricing of competing proteins Pork margin compression driven by an imbalance in supply and demand A benefit from tax reform … [Read more...] about Tyson Foods Updates Outlook for Fiscal 2018
Food
Prepared foods made in Tampa snag shelf space in select Publix stores
Caribbean-style jerk chicken is among the convenient, health-minded Eat Fresco entrees now at Publix.Courtesy of Eat FrescoOne of the newest local businesses to join forces with Publix is known for whipping up prepared foods in Tampa. On Thursday, the company in question, Eat Fresco, announced its partnership with the Florida-based supermarket chain, a collaboration that has allowed Eat Fresco to snag shelf space in select stores.Starting Friday, shoppers should see Eat Fresco's line of convenient, health-minded entrees in 21 Publix locations throughout the region. Where? In the refrigerated section of the deli.Each meal is created in a state-of-the-art kitchen and features vacuum-sealed, transparent packaging that the biz says maintains freshness and offers portability. Options include the turkey breast and quinoa medley, grilled chicken fajita bowl, balsamic glazed grilled salmon and Caribbean-style jerk chicken."We are thrilled that even more people in the Tampa Bay area will be … [Read more...] about Prepared foods made in Tampa snag shelf space in select Publix stores
Airport uses massive maple syrup jugs to pitch food website
BURLINTON, Vt. (AP) — A Vermont airport is displaying 7-foot-tall (2.1-meter-tall) maple syrup jugs to remind travelers they can buy the state staple online instead of losing it at security when their liquids get confiscated. The Free Press reports Burlington International Airport celebrated the installation of the syrup jugs Thursday. The jugs will be accompanied by 7-foot-long (2.1-meter-long) blocks of cheddar cheese. Dakin Farms and Cabot Creamery sponsored the replicas. The companies are promoting a website on which people can have Vermont food shipped to their homes in the hopes fewer travelers will have their maple syrup taken by airport security for being larger than the maximum allotted 3.4 ounces (96.4 grams). The replicas are not edible. An airport spokeswoman estimates if the 150-gallon (568-liter) jugs were filled the maple syrup inside would be worth $10,500. Copyright 2018 The Associated Press. All rights reserved. This material may not be published, broadcast, … [Read more...] about Airport uses massive maple syrup jugs to pitch food website
Ivey tells sheriffs its time to stop keeping jail food money: ‘We must earn people’s trust’
Alabama Gov. Kay Ivey at the Alabama Sheriff's Association meeting on Monday, July 30, 2018, in Orange Beach, Ala. (John Sharp/[email protected]). Alabama Gov. Kay Ivey, speaking to a group of sheriffs Monday, said her July 11 directive to have the state's Comptroller stop depositing some of the jail inmate food funds into their personal accounts wasn't meant "to complicate your life or make it difficult." Ivey, though, said the small move represented a way to improve public trust as more complete solutions are explored to stop some sheriffs from a decades-long practice of pocketing excess taxpayer's money by skimping on jailhouse meals. "It's a change to bring a positive light to all who serve in public office," said Ivey, speaking during the Alabama Sheriff's Association meeting at the Perdido Beach Resort in Orange Beach. "We must earn the people's trust and do what we can to maintain that trust," she added. It was the first time the governor spoke about the … [Read more...] about Ivey tells sheriffs its time to stop keeping jail food money: ‘We must earn people’s trust’
Tyson Foods blames drop in profits on tariff disputes
Tyson Foods the largest U.S.-based meat producer, said profit this year will be less than it previously forecast because of the country's escalating trade dispute with major importers of agricultural products. Both China and Mexico have imposed import tariffs on American pork recently in retaliation against U.S. duties on metal shipments. The measures have sent hog prices plunging, eroding the profitability at Tyson's pork business. The Springdale, Arkansas-based company said Monday it's also grappling with higher commodity-market volatility and "sluggish" domestic demand for chicken. "The combination of changing global trade policies here and abroad, and the uncertainty of any resolution, have created a challenging market environment of increased volatility, lower prices and oversupply of protein," Chief Executive Officer Tom Hayes said in a statement. The American farm sector is one of the few areas of the economy that typically operates with a trade surplus, and agriculture groups … [Read more...] about Tyson Foods blames drop in profits on tariff disputes