John Tyson
John Tyson
across country effort help joined left lives others people powerful storm whose
We're saddened by the devastation left by this powerful storm and have joined others across the country in the effort to help those people whose lives have been disrupted,
earlier promised proved quarter tougher
As promised earlier the quarter would be very tough, and it proved tougher than expected.
anticipate based folks great guidance
Based on first-cut guidance from folks in Washington, we don't see it as an issue, ... There are a lot of other competitors out there... there are a lot of folks out there servicing the great American consumer. I don't anticipate any challenge, but that's to be seen.
beef chicken foods further operating pork prepared producing results segment solid struggled
Our chicken segment generated solid results and prepared foods improved, while pork struggled and beef further deteriorated, producing significant operating losses.
agreement believe cannot enter foods induced intended merger perform tyson whether
Consequently, whether intended or not, we believe Tyson Foods Inc. was inappropriately induced to enter into the Merger Agreement, ... Further, we believe IBP cannot perform under the Merger Agreement.
beef boxed capacity cattle declining effect export high low lower negative prices sales segment suffered worse
The beef segment suffered from low capacity utilization and declining boxed beef prices. The negative effect of high live cattle prices and lower sales was made worse by interruptions in export markets.
chicken declines demand domestic expected greater impact performance projected recent supply
Recent declines in international demand for chicken coupled with greater than expected domestic supply will dramatically impact the projected performance of our chicken segment.
challenges coming doubt faced optimistic people seen share strategy strong
Without a doubt, we faced our share of challenges in 2005, but we've also seen strong indicators that show our strategy is working. We're optimistic because we have the right strategy and the right people coming together.
beef chicken conditions early entered fiscal foods further knowing market operating pork prepared producing results segment solid struggled
We entered fiscal 2006 knowing market conditions would be difficult, especially early in the year. During the first quarter, our chicken segment generated solid results and prepared foods improved, while pork struggled and beef further deteriorated, producing significant operating losses.
employ pleased state team tyson
We're pleased to be part of this effort, especially in the state of Mississippi where we employ more than 5,000 Tyson Team Members.
conditions difficult expected far tough uncertain
While we expected tough and uncertain conditions ... it has been far more difficult than we previously projected.
both cause disruption history members plant regret team
We regret the disruption the closings will cause our team members and these two outstanding plant communities, which both have a long history in the meatpacking industry.
case evolution excited monumental ready represents step
We're excited about proceeding with this project, which represents another monumental step in the evolution of our case ready meats business,
accounting cash complete continues determine effect impossible matters offer resolve tender work
Unfortunately, it will be impossible to complete the cash tender offer by the 28th. IBP continues to work with the SEC to resolve their accounting issues. After that work is complete, we will determine what effect these matters will have on our deal.