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 ...

Financial Data and Key Metrics Changes - In Q1 2024, adjusted operating income improved by $175 million sequentially, with a 130 basis points margin expansion and nearly doubled adjusted EPS compared to the previous quarter [21][32][39] - Sales grew slightly year-over-year, driven by an increase in Beef revenue, while Chicken sales declined by 5.4% due to lower commodity protein prices [16][39] Business Line Data and Key Metrics Changes - Chicken segment saw a 5.4% decline in sales year-over-year, but adjusted operating income more than doubled due to operational efficiencies and lower input costs [39] - Beef revenue increased by 6.4% year-over-year, but adjusted operating income decreased due to compressed spreads and an unfavorable inventory valuation adjustment [40] - Pork revenue was down modestly, but adjusted operating income increased year-over-year, benefiting from improved spreads driven by lower hog costs [41] Market Data and Key Metrics Changes - The company maintained historically high pound share in core business lines, with nearly three out of four U.S. households purchasing a Tyson core product [23][24] - Prepared Foods segment showed strong performance with foodservice volumes gaining traction, despite a flat revenue year-over-year [30][25] Company Strategy and Development Direction - The company is focused on operational excellence, cash flow generation, and maintaining strong market share through innovation and customer partnerships [10][22] - Tyson Foods aims to improve financial strength and drive cash flow to support dividends while managing capital expenditures and working capital [31][22] Management's Comments on Operating Environment and Future Outlook - Management expressed cautious optimism for FY 2024, acknowledging ongoing macroeconomic uncertainties while highlighting strong performance in Q1 [21][54] - The company is focused on managing the business for profit and cash generation, reiterating guidance for flat overall sales year-over-year [32][33] Other Important Information - The company closed six older, less-efficient plants in chicken and two smaller beef facilities, with ongoing evaluations for further efficiency improvements [27][22] - The company ended Q1 with over $3.7 billion in liquidity and a commitment to maintaining an investment-grade credit rating [42] Q&A Session Summary Question: Can you provide a state of the union across segments, particularly on Prepared Foods? - Management noted solid Q1 performance, with Chicken and Pork improvements offsetting Beef challenges, and highlighted strong foodservice growth [53][55] Question: What are the profit drivers in the Chicken business for the quarter? - Management indicated that operational performance improvements and lower feed costs contributed significantly to the profit increase in Chicken [60][39] Question: Are there any competitive pressures in Prepared Foods? - Management acknowledged increased competition from both branded players and private labels but emphasized their strong market position and ongoing efforts to drive consumption [114][92] Question: What is the outlook for the Pork segment? - Management expressed confidence in continued improvement in Pork margins due to better execution and lower hog costs, while also acknowledging room for further efficiency gains [101][106] Question: How is the export business performing, particularly in Beef? - Management noted challenges in the export market for Beef due to increased competition from other countries, but strong domestic demand has helped maintain high cut-out values [129][108]

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 ...

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 ...