TYSON FOODS RESULTS
Tyson Foods generates sales from four segments, namely beef, pork, chicken and prepared meats.
Beef sales volume declined 6.7% year-over-year. A decline of 5.68% was expected.
The volume of pork sales fell by 0.2% year-on-year, while growth of 1.2% was expected.
Chicken sales volume was up 1.7% year-on-year.
The volume of sales of semi-finished products increased by 1% year-on-year. Analysts had expected growth of 0.1%.
Total revenue was down 0.6%. Adjusted operating profit fell 71% year-on-year to EUR 236 million. USD. Analysts had expected 207.9 million. USD 207.
Operating margin was -3.5%, compared to 5.6% in the same period last year.