Tyson Foods: Q4 EPS drops 29%

(CercleFinance.com) - Tyson Foods has reported adjusted EPS of 1.
63 dollar and adjusted operating profit of 823 million dollars for Q4 2021-22 (ended 1 October), both down 29% y-o-y.

However, at over 13.7 billion dollars, the meat group's revenues rose 7.2%, driven by price increases of 5.1% and volume growth of 2.1%.

The group said that its productivity program, designed to generate over 1 billion dollars in annual recurring savings by end-2024, is ahead of schedule and is now expected to be completed by the end of FY 2022-23.


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