- Tyson Foods Inc TSN reported third-quarter FY22 sales growth of 8.1% year-on-year to $13.49 billion, above the consensus of $13.24 billion.
- Sales volume of Beef rose 1.3% Y/Y, Pork fell 1.7%, Chicken declined 2.1%, and Prepared Foods decreased 8.5%.
- Gross profit decreased 0.5% Y/Y to $1.6 billion, with the margin contracted 100 basis points to 11.9%.
- The operating margin contracted 90 basis points to 7.6%, and operating income for the quarter increased 2.7% to $1 billion.
- Adjusted EPS of $1.94 missed the analyst consensus of $1.97.
- The company held $1.1 billion in cash and equivalents as of July 2, 2022. Cash provided by operating activities for the nine months amounted to $1.9 billion.
- Adjusted EBITDA for nine months ended July 2, 2022, increased 11.6% to $4.5 billion.
- Outlook: Tyson Foods expects FY22 sales of $52 billion - $54 billion, versus the consensus of $52.80 billion.
- Price Action: TSN shares are trading lower by 3.95% at $84.00 in premarket on the last check Monday.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Comments
Loading...
Date | ticker | name | Actual EPS | EPS Surprise | Actual Rev | Rev Surprise |
---|
Benzinga simplifies the market for smarter investing
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
Join Now: Free!
Already a member?Sign in