Tyson Foods(US:TSN) Zhi Tong Cai Jing·2025-07-28 03:04Core Insights - Tyson Foods reported Q2 2023 financial results showing total sales of $13.133 billion, slightly below analyst expectations of $13.62 billion, and a net loss of $910 million compared to a net profit of $833 million in the same period last year [2] - The company adjusted its full-year sales forecast down to between $53 billion and $54 billion, from a previous estimate of $55 billion to $57 billion, indicating challenges in consumer spending due to rising prices and high inflation [3] Financial Performance - Q2 total sales: $13.133 billion, compared to $13.117 billion in the same quarter last year [2] - Q2 net loss: $910 million, down from a net profit of $833 million year-over-year [2] - GAAP diluted loss per share: $0.28, compared to earnings of $2.28 per share in the same quarter last year [2] - Non-GAAP adjusted loss per share: $0.04, significantly below the analyst average expectation of earnings of $0.80 per share [2] Business Segment Performance - Beef segment sales: $4.617 billion, down from $5.034 billion year-over-year [2] - Pork segment sales: $1.421 billion, down from $1.565 billion year-over-year [2] - Chicken segment sales: $4.430 billion, up from $4.086 billion year-over-year [2] - Average sales prices for beef and pork products decreased by 5.4% and 10.3%, respectively [2] Market Conditions - Tyson Foods faces challenges in the protein market, with rising consumer prices and inflation impacting spending [3] - The company has lowered its adjusted operating profit expectations for all major segments due to economic uncertainty [3] - Increased product prices by meat processors are aimed at protecting profit margins amid rising costs for feed, labor, transportation, and commodities [3] - Economic recession concerns are leading consumers to opt for more affordable high-protein alternatives instead of pricier meats [3]