Tyson Expected To Report Lower Profits

Tyson Foods

Despite Tyson Foods’ efforts to boost margins across its large processing operations the meat giant struggles to combat excess supplies and higher freight costs that are expected to bring first-quarter net income down by at least 14% compared to a year ago, on a per-share basis.

Tyson Foods reports its first-quarter earnings on Thursday, (Feb.7) ahead of the market opening. Wall Street expects consensus earnings per share of $1.55, down from $1.81 earned a year ago. Weakness in the chicken segment is the primary reason cited by analysts for the earnings decrease.

The Springdale-based meat titan is expected to post net income of $565 million for the quarter ending Dec. 31, compared to $1.632 billion in the same period one year ago – with $790 million of that resulting from the lower federal tax rate. The company reported net income of $594 million in the same quarter of fiscal 2017.   MORE

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