TSN's solid profit growth potential, driven by its diversified protein portfolio and strategic initiatives, looks shadowed by Beef and Pork unit challenges.
Tyson Foods (TSN) shares took off Tuesday after the meat processor beat profit and sales estimates as higher prices helped boost beef and chicken sales.
Tyson Foods, Inc. (NYSE:TSN ) Q4 2024 Earnings Conference Call November 12, 2024 9:00 AM ET Corporate Participants Sean Cornett - VP, IR Donnie King - President and Chief Executive Officer Curt Calaway - Chief Financial Officer Wes Morris - Group President, Poultry Brady Stewart - President, Beef and Pork and Chief Supply Chain Officer Kyle Narron - Group President Prepared Food Conference Call Participants Ben Theurer - Barclays Heather Jones - Heather Jones Research Ken Goldman - JPMorgan Pooran Sharma - Stephens Inc Thomas Palmer - Citi Michael Lavery - Piper Sandler Andrew Strelzik - BMO Operator Good morning and welcome to the Tyson Foods Fourth Quarter 2024 Earnings Conference Call. All participants will be in listen-only mode.
Tyson Foods Inc (NYSE:TSN) shares gained more than 8% on stronger-than-expected results for the fiscal fourth quarter and full year. The largest meat company in America saw its Q4 sales grow 1.6% year-over-year to $13.57 billion, above estimates of $13.33 billion.
TSN's results reflect a solid enhancement in profitability for the fourth quarter and the full year. The company is well-positioned for fiscal 2025.
While the top- and bottom-line numbers for Tyson (TSN) give a sense of how the business performed in the quarter ended September 2024, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.
Tyson Foods (TSN) came out with quarterly earnings of $0.92 per share, beating the Zacks Consensus Estimate of $0.64 per share. This compares to earnings of $0.37 per share a year ago.
Tyson Foods' stock surges after a healthy earnings beat, helped by strength in beef and chicken sales.
The return of drought in U.S. cattle-producing areas is delaying ranchers' plans to expand production after the nation's herd shrank to its smallest level in seven decades, farmers and analysts said.
TSN's Q4 results are likely to reflect gains from strategic pillars and a solid Chicken unit amid macroeconomic and Beef segment concerns.
Evaluate the expected performance of Tyson (TSN) for the quarter ended September 2024, looking beyond the conventional Wall Street top-and-bottom-line estimates and examining some of its key metrics for better insight.
Zacks.com users have recently been watching Tyson (TSN) quite a bit. Thus, it is worth knowing the facts that could determine the stock's prospects.