Tyson Foods Q1 revenue beats estimates but stock falls 9.7%

Earnings
โดย Yahoo Finance·Read original
Summary · why it matters

Tyson Foods reported first-quarter revenues of $13.65 billion, up 4.4% year on year and exceeding analysts' expectations by 1%, but its stock has fallen 9.7% since the results. Among the ten perishable food stocks tracked, the group overall beat revenue consensus by 2.3% while next-quarter revenue guidance came in 4.6% below estimates, and share prices are down 8.5% on average. Cal-Maine posted the best performance with revenues of $667 million, down 53% year on year but beating expectations by 3.8%, while Vital Farms was the weakest despite 15.4% revenue growth to $187.2 million, as its full-year guidance significantly missed estimates. Pilgrim's Pride revenues of $4.53 billion beat by 2.6% but missed on operating income and EBITDA, and Freshpet revenues of $297.6 million beat by 2.2% with strong earnings beats.

Impact on stocks 5

Consumer Staples± Mixed · 5 stocks
Tyson Foods Inc
TSN
▼ NegativeCapitalrelevance

Tyson Foods Q1 revenue beat but stock fell 9.7% since results.

Vital Farms Inc
VITL
▼ NegativeCapitalrelevance

Vital Farms revenue grew 15.4% but full-year guidance significantly missed estimates.

Freshpet Inc
FRPT
▲ PositiveCapitalrelevance

Freshpet revenues beat by 2.2% with strong earnings beats.

Pilgrims Pride Corp
PPC
▼ NegativeCapitalrelevance

Pilgrim's Pride revenues beat but missed on operating income and EBITDA.

Cal-Maine Foods Inc
CALM
± MixedCapitalrelevance

Cal-Maine revenues beat expectations but down 53% YoY; stock performance not specified.