- Tyson Foods press release ( NYSE: TSN ): Q3 Non-GAAP EPS of $1.94 misses by $0.03 .
- Revenue of $13.5B (+8.2% Y/Y) beats by $250M .
- Shares +0.7% PM.
- FY2022 Outlook: Sales: $52B to $54B vs. consensus of $52.74B ; capital expenditures of approximately $1.9B; net interest expense to approximate $350M; adjusted effective tax rate to be around 22.5%.
- Total liquidity, which was approximately $3.3B at July 2, 2022, to remain above our minimum liquidity target of $1B.
- "We maintained double-digit sales and earnings growth year to date as well as progressing toward our goal of delivering more than $1 billion in recurring productivity savings by the end of fiscal 2024."
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Tyson Foods Non-GAAP EPS of $1.94 misses by $0.03, revenue of $13.5B beats by $250M