Tyson Foods: nearly six-fold increase in quarterly EPS

(CercleFinance.com) - Tyson Foods reports Q3 adjusted EPS that has soared 480% to $0.
87, with its adjusted operating margin improving 2.3 points to 3.7%, on sales that rose 1.6% to over $13.3bn. NB: pmt +3%.

Our disciplined actions and focus on fundamentals have led to a positive turnaround in the business, management said, pointing to the highest adjusted operating profit in the last seven quarters.

For FY 2023-24, the meat specialist food group is forecasting adjusted operating profit of $1.6bn to $1.8bn, as well as 'relatively stable' sales compared with the previous year.


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