- Tyson Foods press release ( NYSE: TSN ): Q1 Non-GAAP EPS of $0.85 misses by $0.52 .
- Revenue of $13.26B (+2.6% Y/Y) misses by $250M .
- For FY2023, the company reaffirms sales to be $55B to $57B vs. consensus of $55.14B. Capital expenditures of approximately $2.5B. Tax rate to be around 23%
- Total Company GAAP operating margin of 3.5%; Adjusted operating margin (non-GAAP) of 3.4%
- Repurchased 4.9 million shares for $313 million
- Liquidity of $2.9 billion at December 31, 2022
- Shares -2.44% PM.
For further details see:
Tyson Foods Non-GAAP EPS of $0.85 misses by $0.52, revenue of $13.26B misses by $250M, reaffirms FY23 revenue outlook