The Latest Breaking News from Tyson Foods

Pilgrim's Pride stock is Stock Of The Day. Tyson Foods reported strong earnings as consumers accepted food price hikes.

U.S. stocks extended losses midway through trading, with the Nasdaq Composite dropping around 450 points on Monday.

Tyson Foods, Inc. (NYSE:TSN) reported second-quarter FY22 sales growth of 16.1% year-on-year, to $13.12 billion, beating the consensus of $12.84 billion. Sales volume of Beef rose 0.6% Y/Y, Pork fell 4.8%, Chicken climbed 0.6%, and Prepared Foods decreased 5.3%. Gross profit increased 38.5% Y/Y to $1.7 billion, with the margin expanding 210…

U.S. stocks opened lower this morning, with the Dow Jones tumbling more than 300 points on Monday.

Tyson Foods Inc (NYSE: TSN) shares seen volatility Monday after the company reported better-than-expected financial results and announced strong 2022 expectations.

"Although we continue to see inflationary pressures across the supply chain, we are working to drive costs down by continuing to increase our efficiency, productivity, and bringing more capacity on line," said CEO Donnie King.

  Tyson Foods (NYSE:TSN) will host a conference call at 09:00 AM ET on May 9, 2022, to discuss Q2 2022 earnings results.

Tyson Foods (NYSE:TSN) has outperformed the market over the past 10 years by 4.92% on an annualized basis producing an average annual return of 16.67%. Currently, Tyson Foods has a market capitalization of $32.60 billion.

Consumers are cutting back spending, even on basic goods, due to elevated levels of inflation, according to Piper Sandler.

Analysts have provided the following ratings for Tyson Foods (NYSE:TSN) within the last quarter:

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