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Tyson Foods Inc will terminate about 262 employees in South Dakota who chose not to relocate to its headquarters in Arkansas, showing widespread resistance to the move, the company confirmed on Friday. Tyson said in October it would relocate all corporate employees from offices in Dakota Dunes, South Dakota, along with those in Chicago and Downers Grove, Illinois, to its headquarters in Springdale, Arkansas. The Dakota Dunes office has about 500 employees total, according to the company, meaning only about half agreed to make the move.
Tyson Foods' (TSN) acquisition of Williams Sausage Company is likely to solidify the former's product portfolio and manufacturing capacity.
The Zacks Food - Meat Products industry players, like Hormel Foods (HRL), Tyson Foods (TSN) and Beyond Meat (BYND), gain from the rising demand for protein-rich food and their constant expansion and innovative efforts amid cost inflation.
In some regards, one almost has to feel a bit of sympathy for struggling meat producer Tyson Foods (NYSE: TSN). Beef, pork, and chicken prices are simply too low -- or maybe costs are too high. Whichever it is, Tyson's $12.6 billion cost of sales in the latest quarter chewed up nearly all of its $13.1 billion in revenue and pushed the food giant out of the black and into the red for the period.
Tyson Foods (NYSE: TSN), a leading meat producer, is feeling the effect. Along with a weak Q2 showing, Tyson reduced its outlook for full-year sales. Tyson also slashed its segment operating margin guidance for beef, pork, and chicken.
At this time, I'd like to turn the conference call over to Sean Cornett, vice president, investor relations. Prepared remarks today will be provided by Donnie King, president and chief executive officer; and John R. Tyson, executive vice president and chief financial officer.
The Yahoo Finance Live breaks down the top news stories from the trading day on Monday.
Shares fell after the meat-processing giant reported weak second-quarter results and slashed guidance.
The Yahoo Finance Live team discusses a decline in stock for Tyson Foods after a Q2 earnings miss.
Monday was a relatively quiet day on Wall Street, with most major benchmarks seeing modest losses at midday. With key inflation and other economic data coming in the near future, investors are watching closely for signs of what the Federal Reserve might do on the interest rate and monetary policy front in the months to come. Both Catalent (NYSE: CTLT) and Tyson Foods (NYSE: TSN) were down by double-digit percentages as of midday, and both businesses face some challenges that shareholders aren't quite sure how they will solve.
Yahoo Finance Live’s Rachelle Akuffo breaks down how Monday’s trending tickers are moving ahead of the noon hour.
The general outlook had been -- prior to the latest jobs data -- that the Fed was finished with rate hikes as of its dot-plot issued a few months back.
Yahoo Finance Live anchors Julie Hyman and Brad Smith discuss the decline in stock for Tyson Foods following second-quarter earnings. (edited)
Investing.com -- Stocks were mixed as investors awaited this week's report on inflation for April. Here are the market movers for May 8.
Tyson Foods' (TSN) fiscal second-quarter results reflect a tough protein market. Management cuts its fiscal 2023 revenue forecast, though it is ahead of its plan with regard to its productivity program.
Tyson (TSN) delivered earnings and revenue surprises of -104.94% and 3.45%, respectively, for the quarter ended March 2023. Do the numbers hold clues to what lies ahead for the stock?
(Reuters) -Tyson Foods Inc shares plunged 16% to a three-year low on Monday as the U.S. meatpacker posted a surprise second-quarter loss and cut its full-year revenue forecast amid slowing consumer demand. CEO Donnie King, who is seeking to cut costs, said Tyson is in the unusual position of facing challenges in its beef, pork and chicken businesses simultaneously. "This quarter was definitely a tough one," King said on a conference call.
Tyson Foods (NYSE:TSN) reported an unexpected second-quarter loss on Monday, causing its stock to plummet 7.5% in premarket trades. The meat producer announced a loss of $49 million, or 28 cents a share, compared to net income of $1.16 billion, or $2.28 a share, in the year-ago quarter. The company's adjusted loss was 4 cents a share, significantly below the Wall Street estimate for net income of 79 cents a share.
COTY's Q3 results are likely to reflect gains from the booming prestige fragrance market, a solid online show and cost-saving plans despite inflation and supply-chain headwinds.
Inter Parfums' (IPAR) Q1 earnings are expected to reflect gains from robust top-line growth, strength across brands, expansions and product launches.
Tyson Foods' (TSN) second-quarter performance is likely to reflect gains from enhanced operational execution and growing demand. However, the rising cost of goods might have been a headwind.
Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.
In the latest trading session, Tyson Foods (TSN) closed at $62.33, marking a -0.26% move from the previous day.
Tyson (TSN) possesses the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.