Tyson Foods

Tyson Foods Reports Fourth Quarter and Fiscal 2023 Results Tyson Foods Sees Another Quarter of Sequential Adjusted Operating Income Growth with Continued Focus on Operational Excellence SPRINGDALE, Ark., Nov. 13, 2023– Tyson Foods, Inc. (NYSE: TSN), one of the world’s largest food companies and a recognized leader in protein with leading brands including Tyson, Jimmy Dean, Hillshire Farm, Ball Park, Wright, Aidells, ibp and State Fair, reported the following results: (in millions, except per share data) Fourth Quarter Twelve Months Ended ———————– 2023 2022 2023 2022 ——– ——- ——– Sales $13,348 $13,737 $ 52,881 $ 53,282 Operating Income (Loss) $ (463) $ 766 $ (395) $ 4,410 Adjusted(1) Operating Income (non-GAAP) $ 236 $ 823 $ 933 $ 4,414 Net Income (Loss) Per Share Attributable to Tyson $ (1.31) $ 1.50 $ (1.87) $ 8.92 Adjusted(1) Net Income Per Share Attributable to Tyson (non-GAAP) $ 0.37 $ 1.63 $ 1.34 […]

Tyson Foods Q4 Adj. EPS 37 Cents Vs. $1.63 a Year Ago, Beats the FactSet Consensus 29 Cents。

Tyson Foods (NYSE:TSN) reported quarterly earnings of $0.37 per share which beat the analyst consensus estimate of $0.29 by 27.59 percent. This is a 77.3 percent decrease over earnings of $1.63 per share from the same period last year. The company reported quarterly sales of $13.35 billion which missed the analyst consensus estimate of $13.73 billion by 2.78 percent. This is a 2.83 percent decrease over sales of $13.74 billion the same period last year.

B of A Securities analyst Peter Galbo maintains Tyson Foods (NYSE:TSN) with a Underperform and lowers the price target from $48 to $45.

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.

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

Tyson Foods (TSN. US) said Tuesday that it will close two U.S. chicken plants on May 12, involving nearly 1,700 employees combined. The closures of those plants show that the nation’s largest meat company is still grappling with how to improve its chicken business, which has struggled for years. According to a statement, Tyson Foods will close a plant in Glen Allen, Virginia, which employs 692 people, and a plant in Van Buren, Arkansas, which employs 969 people. The company said chicken demand will shift to other plants as part of a strategy to tap into each plant’s full capacity. “The current size and inability to improve operations economically led to the difficult decision to close these facilities,” Tyson Foods said. ”