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Stuffed chickens.

Stuffed Chickens

Did you notice the surprising headlines recently that Tyson Foods Inc.'s quarterly revenues were flat for the quarter ended March 31? Flat for the six month period ended March 31? And annual sales growth predictions for 1991 are only a 4 percent increase over 1990?

Is this the same Tyson Foods that notched a 51 percent growth in sales last year and has a price-earnings ratio on its stock of 22-to-1 like a good growth stock should?

The obvious question is: Is Tyson's growth boom over and will the stock soon take a tumble when its PE falls back in line?

No way, says Stephens Inc. analyst Mark Plummer who has followed the company for several years.

Plummer says the company still intends to double annual sales to $8 billion by the end of 1995, but it won't necessarily be in chicken sales.

Plummer says Tyson execs are looking at the entire food chain for market niches they can dominate. Tyson is currently exploring niches for its Quik-to-Fix beef products and Henry House pork products.

"It's still a growth company," Plummer says.
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Title Annotation:tumble in stocks of Tyson Foods Inc.
Publication:Arkansas Business
Date:May 6, 1991
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