Recap: Tyson Foods Q2 Earnings

Shares of Tyson Foods TSN fell by 1.8% in pre-market trading after the company reported Q2 results.

Quarterly Results

Earnings per share fell 35.83% over the past year to $0.77, which missed the estimate of $1.04.

Revenue of $10,880,000,000 rose by 4.18% year over year, which missed the estimate of $10,960,000,000.

Outlook

Tyson Foods hasn't issued any earnings guidance for the time being.

Revenue guidance hasn't been issued by the company for now.

Details Of The Call

Date: May 04, 2020

Time: 06:00 PM ET

Webcast URL: https://event.on24.com/eventRegistration/EventLobbyServlet?target=reg20.jsp&referrer=https%3A%2F%2Fpro.benzinga.com%2Fdashboard%2F&eventid=2159378&sessionid=1&key=7239BF68E396E50F4A8EA0613FA51B16&regTag=&sourcepage=register

Price Action

52-week high: $94.24

52-week low: $42.57

Price action over last quarter: down 26.57%

Company Overview

Tyson Foods is the largest U.S. producer of processed chicken and beef. It's also a large producer of processed pork and protein-based products under the brands Jimmy Dean, Hillshire Farm, Ball Park, Sara Lee, Aidells, and State Fair, to name a few. Tyson sells 90% of its products through various U.S. channels, including retailers, foodservice distributors, restaurants, and noncommercial foodservice establishments, such as schools, healthcare facilities, military bases, and other packaged food companies. In addition, 10% of the company's revenue comes from exports to Canada, Mexico, Brazil, Europe, China, and Japan.

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Posted In: EarningsNews
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