Tyson Foods: 3/4 off... Q4 EPS

(CercleFinance.com) - For Q4 2022-23, Tyson Foods reported adjusted EPS that is down 77% to $0.
37, as well as a non-GAAP operating margin of 1.8% (vs. 6% a year ago), on revenues that slipped "just" 2.8% to $13.35bn. NB: pmt -3.4%.

While economic headwinds persist, the meat group's management says that it is moving in the right direction and managing what it can control highlighting increased operational efficiency.

For FY 2023-24, Tyson Foods anticipates adjusted operating profit of $1bn to $1.5bn (compared with $933m last year), with revenues expected to be pretty flat y-o-y (close to $52.9bn).


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