Lower Costs Helped Tyson Foods Post Better-Than-Expected Results
Tyson Foods(TSN) Investopedia·2024-02-06 01:50
Key TakeawaysTyson Foods beat profit and sales estimates as it cut costs.The company's revenue got a boost from higher prices for beef, which helped offset lower volumes.Tyson reduced expenses by moving to close several chicken processing plants last year.Tyson Foods (TSN) shares rose after the largest U.S. poultry producer’s cost-cutting measures helped it report better-than-expected results.Tyson posted first quarter fiscal 2024 profit of 69 cents per share, down 9% year-on-year, but beating estimates by ...