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”