Tyson Foods: Q3 EPS knocked out

(CercleFinance.com) - Tyson Foods has reported adjusted EPS of 15 cents for Q3, a fraction of the $1.
94 posted a ago, with an adjusted operating margin that is down from 7.4% to 1.4% y-o-y.

The meat group's sales fell by 2.6% to just over $13.1bn, due to lower average selling prices, while volumes were virtually unchanged.

Despite the announcement of the closure of four chicken facilities, which should reduce costs and improve capacity utilization, Tyson confirms that it expects sales of $53bn-to-$54bn for the current fiscal year.


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