TSN - What's Going On With Food Giant Tyson Shares Today? | Benzinga
Tyson Foods Inc (NYSE: TSN) shares are trading higher after the company reported Q4 FY23 results.
Sales declined 2.8% Y/Y to $13.35 billion, missing the analyst consensus of $13.71 billion.
Sales volume of Beef fell 6.7% Y/Y, Pork declined 0.2%, Chicken climbed 1.7%, and Prepared Foods up 1.0%.
Gross profit decreased to $459 million from $1.31 billion a year ago, with the margin contracting to 3.4% from 9.5% the prior year.
The company reported an operating loss of $(463) million compared to an income ...