Tyson Foods is a stock known for not missing earnings, in the Q3 (June), quarter it did. Adjusted operating margins tell the story as they contracted by 340 bps yr/yr to 7.4%. While consumer prices for beef, chicken, and pork boosted revenue the input costs more than offset the pricing benefits. TSN adjusted their prices given their products have a degree of price elasticity. TSN did reaffirm its FY22 revenue guidance of $52-54 billion as well as its adjusted operating … Continue reading “Tyson Foods Chickens Came Home to Roost as Operating Margins Contract”
How Does Whole Foods Change With Amazon
Whole Foods shoppers have been watching changes now that Amazon owns it. Does the individuality of smaller and new brands remain? How about autonomy? On Wednesday, Whole Foods debuted a loyalty program that offers special discounts to Amazon Prime customers.