Tyson Foods, Inc. (NYSE:TSN) Q1 2024 Earnings Conference Call February 5, 2024 9:00 AM ET Company Participants Sean Cornett - Vice President, Investor Relations Donnie King - President and Chief Executive Officer John R. Tyson - Chief Financial Officer Melanie Boulden - Group President, Prepared Foods and Chief Growth Officer Brady Stewart - Group President, Beef and Pork and Chief Supply Chain Officer Wes Morris - Group President, Poultry Conference Call Participants Peter Galbo - Bank of America Adam Samu ...

Key TakeawaysTyson Foods beat profit and sales estimates as it cut costs.The company's revenue got a boost from higher prices for beef, which helped offset lower volumes.Tyson reduced expenses by moving to close several chicken processing plants last year.Tyson Foods (TSN) shares rose after the largest U.S. poultry producer’s cost-cutting measures helped it report better-than-expected results.Tyson posted first quarter fiscal 2024 profit of 69 cents per share, down 9% year-on-year, but beating estimates by ...

Tyson Foods, Inc. (TSN) posted first-quarter fiscal 2024 results, wherein the bottom line declined year over year while beating the Zacks Consensus Estimate. The company benefited from its diverse protein portfolio and operational efficacies stemming from its strategic plans laid out last year.Management remains committed to prioritizing its liquidity and financial condition, alongside staying focused on driving operational excellence and strengthening its consumer and customer base.Quarter in DetailTyson F ...

Tyson Foods (TSN) reported $13.32 billion in revenue for the quarter ended December 2023, representing a year-over-year increase of 0.4%. EPS of $0.69 for the same period compares to $0.85 a year ago.The reported revenue compares to the Zacks Consensus Estimate of $13.46 billion, representing a surprise of -1.02%. The company delivered an EPS surprise of +64.29%, with the consensus EPS estimate being $0.42.While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall ...

TM Supplemental Information February 5, 2024 Non-GAAP Financial Measures Promising start to FY24 – seeing benefits of core protein portfolio — Q1 Fiscal 2024 Certain information in this presentation constitutes forward-looking statements as contemplated by the Private Securities Litigation Reform Act of 1995. Such forward-looking statements include, but are not limited to, current views and estimates of our outlook for fiscal 2023, other future economic circumstances, industry conditions in domestic and int ...

Tyson Foods Inc.’s stock TSN, -0.48% rose 3.8% early Monday, after the parent of food brands Tyson, Hillshire Farm, Jimmy Dean and Ball Park beat profit estimates for its fiscal first quarter. The Springdale, Ark.-based company posted net income of $107 million, or 30 cents a share, for the quarter to Dec. 30, down from $316 million, or 88 cents a share, in the year-earlier period. Adjusted per-share earnings came to 69 cents, ahead of the 41 cent FactSet consensus. Sales rose to $13.319 billion from $13.2 ...

SPRINGDALE, Ark., Feb. 05, 2024 (GLOBE NEWSWIRE) -- 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)First Quarter  2024  2023Sales$13,319 $13,260    Operating Income$231 $467Adjusted1 Operating Income (non-GAAP)$411 $453    Net Income Per Share Attributable to Tyson$0.30  ...

Key PointsTyson stock has been beaten down in the past two years; as the underlying story changes, it could suddenly be a buy.Fundamental trends point to one clear path to push the stock price higher, and markets have noticed.Analyst projections and market pricing of the stock suggest that a new chicken rally may be underway.5 stocks we like better than CME GroupThe markets have been on a wild tear so far into the new year, with indices like the S&P 500 and NASDAQ hitting fresh all-time highs. However, not ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☒ Quarterly Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 For the quarterly period ended December 30, 2023 or ☐ Transition Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 For the transition period from to 001-14704 (Commission File Number) ______________________________________________ TYSON FOODS, INC. (Exact name of registrant as specified in its charter) ________ ...

The upcoming report from Tyson Foods (TSN) is expected to reveal quarterly earnings of $0.42 per share, indicating a decline of 50.6% compared to the year-ago period. Analysts forecast revenues of $13.46 billion, representing an increase of 1.5% year over year.The consensus EPS estimate for the quarter has been revised 1.5% higher over the last 30 days to the current level. This reflects how the analysts covering the stock have collectively reevaluated their initial estimates during this timeframe.Before a ...