Tyson Foods(TSN)
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Tyson Foods climbs after beating profit expectations
Proactive Investors· 2024-02-05 18:43
About this content About Josh Lamb After graduating from the University of Kent in the summer of 2022 with a degree in History, Josh joined Proactive later that year as a journalist in the UK editorial team. Josh has reported on a range of areas whilst at Proactive, including energy companies during a time of global crisis, aviation and airlines as the sector recovers from the pandemic, as well as covering economic, social and governance issues. Read more About the publisher Proactive financial news and ...
Tyson Foods(TSN) - 2024 Q1 - Earnings Call Transcript
2024-02-05 18:10
Tyson Foods, Inc. (NYSE:TSN) Q1 2024 Earnings Conference Call February 5, 2024 9:00 AM ET Sean Cornett - Vice President, Investor Relations Melanie Boulden - Group President, Prepared Foods and Chief Growth Officer Conference Call Participants Ken Goldman - JPMorgan Ben Theurer - Barclays Alexia Howard - Bernstein I would now like to turn the conference over to Sean Cornett, Vice President, Investor Relations. Please go ahead. We have also provided a supplemental presentation, which may be referenced on tod ...
Lower Costs Helped Tyson Foods Post Better-Than-Expected Results
Investopedia· 2024-02-05 17:50
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 (TSN) Q1 Earnings Surpass Estimates, Sales Miss
Zacks Investment Research· 2024-02-05 16:51
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 ...
Compared to Estimates, Tyson (TSN) Q1 Earnings: A Look at Key Metrics
Zacks Investment Research· 2024-02-05 15:31
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 ...
Tyson Foods(TSN) - 2024 Q1 - Earnings Call Presentation
2024-02-05 13:47
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 stock soars 3.8% after Hillshire Farm parent beats profit estimates for its latest quarter
Market Watch· 2024-02-05 12:41
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 ...
Tyson Foods Reports First Quarter 2024 Results
Newsfilter· 2024-02-05 12:30
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 ...
Tyson stock could see a boost in profits as costs normalize
MarketBeat· 2024-02-05 11:02
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 ...
Tyson Foods(TSN) - 2024 Q1 - Quarterly Report
2024-02-04 16:00
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) ________ ...