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Tyson Foods Affirms FY22 Sales Outlook As Q2 Net Profit Edges Up
(RTTNews) - Tyson Foods, Inc. (TSN) reported Monday that its second-quarter net Income attributable to the company edged up $750 million or $2.07 per share from $749 million or $2.05 per share in the prior-year quarter.
Excluding items, adjusted earnings for the quarter were $1.94 per share, compared to $2.70 per share in the year-ago quarter.
Sales for the quarter increased to $13.50 billion from $12.49 billion in the same quarter last year. Analysts expected revenue of $13.24 billion for the quarter.
Looking ahead to fiscal 2022, the company continues to projects sale in a range of $52 billion to $54 billion. The Street is looking for revenues of $52.80 billion for the year.
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Tyson Foods Q4 Results Top Estimates
Meat processor Tyson Foods reported Tuesday a profit for the fourth quarter compared to a loss last year, reflecting improved margins and sales growth. Both adjusted earnings per share and quarterly sales topped analysts' expectations. However, the company provided weak sales guidance for the full-year 2025.
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Tyson Foods Swings To Profit In Q3; Backs FY24 Sales Outlook
Tyson Foods, Inc. (TSN) reported Monday net income attributable to the company for the third quarter of $191 million or $0.54 per share, compared to a net loss of $417 million or $1.18 per share in the prior-year quarter.
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Tyson Foods Slips To Loss In Q4; Guides FY24 Sales Below Estimates
Tyson Foods, Inc. (TSN) reported Monday a net loss attributable to the company for the fourth quarter of $450 million or $1.31 per share, compared to net income of $538 million or $1.50 per share in the prior-year quarter.
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Tyson Recalls Fully Cooked Chicken Fun Nuggets
Tyson Foods, Inc. is recalling around 29,819 pounds of frozen, fully cooked chicken "Fun Nuggets" sold to retailers for possible contamination with extraneous materials, specifically metal pieces, according to the U.S. Department of Agriculture's Food Safety and Inspection Service or FSIS.
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Tyson Foods To Close 2 US Chicken Plants, Lay Off 1,700 Workers
Tyson Foods Inc. plans to close two poultry plants in the United States and lay off almost 1,700 employees on May 12, reports said. The current scale and inability to economically improve operations is said to have led to the decision to close the facilities. The plants in Van Buren, Arkansas and Glen Allen, Virginia will be closed as part of its cost saving measures.
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U.S. Consumer Price Growth Matches Estimates In June
A closely watched report released by the Commerce Department on Thursday showed consumer prices in the U.S. increased in line with economist estimates in the month of June. The Commerce Department said its personal consumption expenditures (PCE) price index rose by 0.3 percent in June after inching up by an upwardly revised 0.2 percent in May.
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German Unemployment Rises In July
Germany's unemployment increased less than expected in July but the overall number of people out of work remained close to the 3 million mark due to the prolonged period of economic slowdown, official data revealed on Thursday. The number of unemployed rose by less-than-expected 2,000 from June, the Federal Employment Agency said. For July, economists had forecast an increase of 15,000.
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U.S. Jobless Claims Inch Up Less Than Expected To 218,000
First-time claims for U.S. unemployment benefits edged slightly higher in the week ended July 26th, according to a report released by the Labor Department on Thursday. The report said initial jobless claims crept up to 218,000, an increase of 1,000 from the previous week's unrevised level of 217,000. Economists had expected jobless claims to rise to 224,000.
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