Record Fiscal Year Earnings Expected From Tyson Foods

Tyson Foods is having another record year as its chicken, beef and pork segments are well into the black and improvements continue on the turnaround of the meat giant’s prepared foods division. Tyson Foods reports fourth quarter and fiscal 2017 earnings early Monday (Nov. 13).

Profits are expected to be $494 million for the fourth quarter ending Sept. 30, or about $1.35 per share, according to the consensus estimate of 12 Wall Street analysts. A year ago, Tyson earned $392 million, or 96 cents per share. Profits are expected to be up 26% over the past year. Revenue is expected to be $9.16 billion, up 7% year-over-year.

For the full year, Wall Street expects Tyson will earn $5.21 per share or $1.9 billion in net income, up from $1.768 billion added to the company coffers last year. Tyson is looking at record earnings, while revenue is expected to be $38 billion, up 3.1% from last year but still below the company’s record of $41.373 billion set in fiscal 2015. The 2017 sales will include about $1 billion of incremental growth from the AdvancePierre acquisition completed this year.   MORE

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