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”
Swine flu has reeked havoc on pork supplies around the world and has hit China very hard and has now spread to ten European countries. Chinese food prices in July jumped 9.1% consumer staples pork prices up 27% fresh and fruit prices up 39.1% from a year ago.