Yahoo Finance Tyson Foods First Quarter 2023 Earnings: Misses Expectations
Tyson Foods (NYSE:TSN) First Quarter 2023 Results
Key Financial Results
Revenue: US$13.3b (up 2.5% from 1Q 2022).
Net income: US$316.0m (down 72% from 1Q 2022).
Profit margin: 2.4% (down from 8.7% in 1Q 2022). The decrease in margin was driven by higher expenses.
EPS: US$0.89 (down from US$3.10 in 1Q 2022).
All figures shown in the chart above are for the trailing 12 month (TTM) period
Tyson Foods Revenues and Earnings Miss Expectations
Revenue missed analyst estimates by 1.8%. Earnings per share (EPS) also missed analyst estimates by 36%.
Looking ahead, revenue is forecast to grow 1.6% p.a. on average during the next 3 years, compared to a 2.8% growth forecast for the Food industry in the US.
Performance of the American Food industry.
The company's shares are down 5.7% from a week ago.
Risk Analysis
You should always think about risks. Case in point, we've spotted 2 warning signs for Tyson Foods you should be aware of.
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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
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