Consumer Staples

Beyond Meat (NASDAQ:BYND) Q2 Loss Narrows, Revenue Falls; Cuts 2023 Revenue Outlook

Beyond Meat (NASDAQ:BYND) reported a Q2 loss  of $0.83 per diluted share, narrowing from a loss of $1.53 a year earlier. Analysts polled by Capital IQ expected a loss of $0.84. Revenue for the quarter ended July 1 was $102.1 million, compared with $147 million a year earlier. Analysts surveyed by Capital IQ expected $109.2 million. For 2023, revenue is projected to be about $360 million to $380 million, compared with prior guidance of $375 million to $415 million. Analysts polled by Capital IQ expect $379.8 million.

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Tyson Foods (NYSE:TSN) Fiscal Q3 Adjusted Earnings, Sales Drop

Tyson Foods (NYSE:TSN) reported fiscal Q3 adjusted earnings  of $0.15 per share, down from $1.94 a year earlier. Analysts polled by Capital IQ expected $0.26. Sales for the quarter ended July 1 were $13.14 billion, down from $13.5 billion a year earlier. Analysts polled by Capital IQ expected revenue of $13.63 billion. The company reiterated its guidance for the full fiscal year 2023 sales of $53 billion to $54 billion. Analysts polled by Capital IQ expect $53.73 billion.

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Tyson Foods, Inc. (NYSE:TSN) Q3 2023 Earnings Call Transcript

Tyson Foods, Inc. (NYSE:TSN) Q3 2023 Earnings Conference Call August 7, 2023 9:00 AM ET Company Participants Sean Cornett – VP, IR Donnie King – President, CEO John Tyson – EVP, CFO Brady Stewart – Group President, Fresh Meat Stewart Glendinning – Group President, Prepared Foods Wes Morris – Group President, Poultry Conference Call Participants Alexia Howard – Bernstein Ben Bienvenu – Stephens Peter Galbo – Bank of America Adam Samuelson – Goldman Sachs Andrew Strelzik – BMO Benjamin Theurer – Barclays Michael Lavery – Piper Sandler Operator Good morning, and welcome to the Tyson Foods Third Quarter 2023 Earnings Conference Call. All participants will be in a listen-only mode. [Operator Instructions] Please also note today’s event is being recorded. At this time, I’d like to turn the floor over to Sean Cornett, from Investor Relations. Sir, please go ahead. Sean Cornett Good morning, and welcome to Tyson Foods’ Fiscal

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