Expectations and Analysis Ahead of Tyson Foods (TSN) Q2 2024 Earnings Report
Friday, 3 May 2024, 16:09
Revenue
Tyson Foods (TSN) in Q2 2024 is anticipated to reach $13.16 billion, compared to $13.13 billion the previous year. Sales saw a slight YoY rise to $13.3 billion in Q1 2024.
Earnings
Adjusted EPS for Q2 2024 is expected to be $0.39, contrasting with the $0.04 loss reported in Q2 2023. Q1 2024 witnessed a 19% YoY decline in adjusted EPS to $0.69.
Points to Note
- Benefit from core multi-protein portfolio and strong brands.
- Customers prefer familiar brands, impacting purchases positively.
- Expectation of growth in household penetration rate.
- Anticipated impact of inflation on customer choices.
- Seasonal weakness in Q2 operating income and cash flow.
- Severe winter weather and start-up costs may affect operations.
- Performance highlights in Chicken, Pork, Beef, and Prepared Foods segments.
- Upward trajectory expected in foodservice business.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.