Tyson Foods 2001 Annual Report Download - page 32

Download and view the complete annual report

Please find page 32 of the 2001 Tyson Foods annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.

Page out of 64

  • 1
  • 2
  • 3
  • 4
  • 5
  • 6
  • 7
  • 8
  • 9
  • 10
  • 11
  • 12
  • 13
  • 14
  • 15
  • 16
  • 17
  • 18
  • 19
  • 20
  • 21
  • 22
  • 23
  • 24
  • 25
  • 26
  • 27
  • 28
  • 29
  • 30
  • 31
  • 32
  • 33
  • 34
  • 35
  • 36
  • 37
  • 38
  • 39
  • 40
  • 41
  • 42
  • 43
  • 44
  • 45
  • 46
  • 47
  • 48
  • 49
  • 50
  • 51
  • 52
  • 53
  • 54
  • 55
  • 56
  • 57
  • 58
  • 59
  • 60
  • 61
  • 62
  • 63
  • 64

30
MANAGEMENT
’S DISCUSSION AND ANALYSIS
TYSON FOODS, INC. 2001 ANNUAL REPORT
CAUTIONARY STATEMENTS RELEVANT TO FORWARD-
LOOKING INFORMATION This annual report and other writ-
ten reports and oral statements made from time to time by the
Company and its representatives contain forward-looking
statements, including forward-looking statements made in this
report, with respect to their current views and estimates of
future economic circumstances, industry conditions, company
performance and financial results. These forward-looking state-
ments are subject to a number of factors and uncertainties that
could cause the Company’s actual results and experiences to
differ materially from the anticipated results and expectations
expressed in such forward-looking statements. The Company
wishes to caution readers not to place undue reliance on any
forward-looking statements, which speak only as of the date
made. Tyson undertakes no obligation to publicly update any
forward-looking statements, whether as a result of new infor-
mation, future events or otherwise.
Among the factors that may affect the operating results of
the Company are the following: (i) fluctuations in the cost and
availability of raw materials, such as live cattle, live swine or feed
grain costs; (ii) changes in the availability and relative costs of
labor and contract growers; (iii) operating efficiencies of facilities;
(iv) market conditions for finished products, including the supply
and pricing of alternative proteins; (v) effectiveness of advertis-
ing and marketing programs; (vi) the ability of the Company to
make effective acquisitions and successfully integrate newly
acquired businesses into existing operations; (vii) risks associated
with leverage, including cost increases due to rising interest
rates; (viii) risks associated with effectively evaluating derivatives
and hedging activities; (ix) changes in regulations and laws (both
domestic and foreign), including changes in accounting stan-
dards, environmental laws and occupational, health and safety
laws; (x) issues related to food safety, including costs resulting
from product recalls, regulatory compliance and any related
claims or litigation; (xi) adverse results from ongoing litigation;
(xii) access to foreign markets together with foreign economic
conditions, including currency fluctuations; and (xiii) the effect
of, or changes in, general economic conditions.