Tyson Foods Slips To Loss In Q4; Guides FY24 Sales Below Estimates

RTTNews | 203 days ago
Tyson Foods Slips To Loss In Q4; Guides FY24 Sales Below Estimates

(RTTNews) - 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.

Excluding items, adjusted earnings for the quarter were $0.37 per share, compared to $1.63 per share in the year-ago quarter.

On average, eight analysts polled by Thomson Reuters expected the company to report earnings of $0.29 per share for the quarter. Analysts' estimates typically exclude special items.

Sales for the quarter decreased 2.8 percent to $13.35 billion from $13.74 billion in the same quarter last year. Analysts expected revenue of $13.73 billion for the quarter.

Looking ahead to fiscal 2024, the company sales to be relatively flat in fiscal 2024 as compared to fiscal 2023 sales of $53.88 billion. The Street is looking for revenues of $54.42 billion for the year.

The company also expects capital expenditures between $1.0 billion and $1.5 billion for fiscal 2024.

For more earnings news, earnings calendar, and earnings for stocks, visit rttnews.com

read more
Tyson Recalls Fully Cooked Chicken Fun Nuggets

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.
RTTNews | 211 days ago
Tyson Foods To Close 2 US Chicken Plants, Lay Off 1,700 Workers

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.
RTTNews | 446 days ago
Japanese Market Significantly Lower

Japanese Market Significantly Lower

Giving up some of the gains in the previous two sessions, the Japanese stock market is significantly lower on Tuesday, with the Nikkei 225 falling to near the 38,600 level, following the mixed cues from Wall Street overnight, with weakness across most sectors led by Index heavyweights and technology stocks.
RTTNews | 6h 37min ago
Rebound Anticipated For Thai Stock Market

Rebound Anticipated For Thai Stock Market

Ahead of Monday's holiday for Queen Suthida's birthday, the Thai stock market had turned lower again - one day after snapping the two-day slide in which it had stumbled more than 15 points or 1.1 percent. The Stock Exchange of Thailand now sits just above the 1,345-point plateau although it's likely to bounce higher again on Tuesday.
RTTNews | 6h 50min ago