Tyson Foods: returns to profit in Q2

(CercleFinance.com) - For Q2 2023-24, Tyson Foods has reported adjusted EPS of $0.
62, versus a loss of $0.04 per share a year ago, with an adjusted operating margin of 3.1%, versus 0.5% a year earlier.

At nearly $13.1bn, group sales fell by 0.5%, as a 1% increase in average selling prices only partially offset a 1.5% contraction in volumes.

Regarding its outlook for the current full year, Tyson Foods expects adjusted operating profit of $1.4bn to $1.8bn, with revenues expected to be relatively flat compared with 2022-23.


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