Tyson Foods (TSN)

[winston]

not vested

THIS 'BORING' MEAT BUSINESS IS A LONG-TERM WINNER

Today's chart shows why we like "boring" companies...

Longtime readers know we love finding big gains in companies that aren't making big waves. Unlike hot new fads, these are established, stable industries that take care of long-standing needs. We've seen this at work recently with work uniforms and trash collection. Today's company is another example...

Tyson Foods (TSN) is one of the world's largest food companies. This 84-year-old, $28 billion business is known for staples like Jimmy Dean sausages, Tyson chicken nuggets, and Ball Park hot dogs. Stocking our fridges is a reliable business...

Tyson's profits have kept rising each year for the past five years. And as the company plans to snag more customers with a line of plant-based meat substitutes this year, that growth should continue.

Long-term investors have done well with Tyson. While its share price has seen peaks and valleys, the stock has roughly doubled over the past five years...

And as you can see, it's hitting new 52-week highs. Tyson's products may not be exciting, but its profits are anything but boring...

Source: Daily Wealth

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Tyson Foods stock slumps after earnings and sales miss
https://www.marketwatch.com/story/tyson ... ck_seemore

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Tyson Foods Soars To Record After Hiking Beef, Chicken And Pork Prices By Double Digits
https://www.zerohedge.com/commodities/t ... ble-digits

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And Now Food Deflation? US Food Giant Tyson Tumbles On Falling Beef, Chicken Prices, Sliding Pork Demand
https://www.zerohedge.com/economics/and ... es-sliding

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'Challenging Protein Market': Tyson Foods Reports Loss, Slashes Revenue Outlook For Year As Shares Plunge

Battered by rising costs across its business and sliding demand for its meat products.

For the quarter ending on April 1, Tyson reported a loss of $97 million, or 28 cents per share, compared to a net income of $829 million in the same period last year.

A Factset survey of Wall Street analysts expected the company to report a profit of 80 cents per share.

Quarterly revenue increased slightly from the prior year at $13.1 billion. However, it was well below the $13.6 billion the analysts expected.

Tyson cut its 2023 fiscal year revenue outlook to $53-54 billion (previously $55 billion - $57 billion), short of the Wall Street forecast of $55.2 billion.

Beef unit has experienced profit margin deterioration due to the dwindling size of US herds pushing up livestock prices.

Tyson's beef sales decreased by 2.9% compared to the same period last year.

However, the company reported increased poultry sales and a slight decrease in prepared food sales.

To reduce costs, the company announced last month that it would be cutting 10% of its corporate roles and 15% of its senior leadership positions.

Source: Zero Hedge

https://www.zerohedge.com/markets/chall ... ear-shares

[winston]

not vested

Tyson Foods missed Wall Street expectations for third-quarter revenue and profit on Monday (Aug 7), hurt by falling chicken and pork prices as well as slowing demand for its beef products.

The company said it is closing four more US chicken plants in a bid to reduce costs.

Shares were down nearly 6 per cent premarket.

Some consumers have been turning more cautious and pulling back on meat purchases as inflation and higher interest rates squeeze household budgets, hurting sales at multinational meat producers like Tyson and Hormel Foods.

The company has struggled to predict sales and previously said reduced demand for beef made it difficult to pass on higher costs to consumers.

Source: Phillips

[behappyalways]

Tyson Foods Plunges As Earnings Fall Short Amid Waning Meat Demand
https://www.zerohedge.com/markets/tyson ... eat-demand

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Meat-Giant Tyson Foods Reveals New Insect Plant In 2025
https://www.zerohedge.com/markets/meat- ... plant-2025

[winston]

not vested

Tyson Foods raised its 2024 earnings outlook after posting second-quarter profits that beat analyst estimates amid a rebound in the US meat industry.

Adjusted net income in the three months ended March 30 was 62 US cents a share, reversing a loss of 4 US cents a share a year earlier, Tyson said in a statement on Monday (May 6).

That exceeded even the highest of analyst estimates compiled by Bloomberg.

The largest US meat producer said it is now on a path to make US$1.4 billion to US$1.8 billion in operating income in fiscal 2024, up from a previous forecast range between US$1 billion and US$1.5 billion.

Most of the additional gain is seen coming from its chicken business. The company has also trimmed the high end of its capital spending forecast range.

Chicken producers, which last year struggled with surging costs and a supply glut, have generally benefited from lower prices for the grain used as feed and tighter meat inventories as demand improves.

Tyson has also taken measures to streamline its operations, including the shutdown of six poultry facilities last year, as part of efforts to restore profitability.

Source: Phillips

[behappyalways]

Tyson Foods Warns Low-Income Consumers Are Cracking Under Inflation Storm
https://www.zerohedge.com/markets/tyson ... -inflation