Tyson Foods, Inc. (TSN) reported that its fourth-quarter adjusted earnings per share declined 29% from a year ago. Adjusted operating income was $823 million, down 29% from prior year. Tyson Foods noted that its productivity program, announced one year ago and designed to deliver more than $1 billion in recurring annual savings by the end of 2024, has accelerated ahead of schedule and is now expected to be achieved by the end of fiscal 2023.
Fourth quarter adjusted net income per share was $1.63 compared to $2.30, prior year. On average, ten analysts polled by Thomson Reuters expected the company to report profit per share of $1.73, for the quarter. Analysts' estimates typically exclude special items.
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Business News
May 15, 2026 15:25 ET Apart from the confirmation of Kevin Warsh as the next Fed chair, the main news on the economics front this week included key price data from the U.S. and the first quarter economic growth figures from major economies. Both consumer prices and producer costs have started to reflect the effect of supply shocks due to the Middle East conflict. In Europe, GDP data was in focus, while inflation data from China dominated the news flow in Asia.