Tyson Foods: Q2 EPS below expectations

(CercleFinance.com) - Tyson Foods has posted Q2 adjusted EPS that is up 36% at 77 cents, over 25 cents below the consensus, for an adjusted operating margin of 4.
6%.

Revenues of the agri-food group, which is specialised in meat, increased by 4.3%, reaching a record of close to 10.9 billion dollars, with a 2.6% increase in volumes, combined with a 1.6% increase in its average selling price.

Chief Executive Noel White said, "While we cannot anticipate how long the challenges presented by COVID-19 will persist, we remain focused on driving long-term growth. Our solid balance sheet, ample liquidity, scale and diversity continue to give us confidence in our long-term outlook."


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