Tyson Foods (TSN) Misses Q2 EPS by 84c, Revenues Miss

Tyson Foods (NYSE: TSN) reported Q2 EPS of ($0.04), $0.84 worse than the analyst estimate of $0.80. Revenue for the quarter came in at $13.13 billion versus the consensus estimate of $13.59 billion.

"While the current protein market is challenging, we have a strong growth strategy in place and are bullish on our long-term outlook,” said Donnie King, president and CEO of Tyson Foods. “We saw strong performance in our branded foods business and continue to be laser-focused on meeting customer needs and planning the future with them.”

“Through our growth strategy, focus on margin improvement, and proven leadership team, I am confident in our ability to capture the opportunities in front of us and create long-term value for customers, team members, and shareholders.

GUIDANCE:

Tyson Foods sees FY2023 revenue of $53-54 billion, versus the consensus of $55 billion.

For earnings history and earnings-related data on Tyson Foods (TSN) click here.

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