Tyson Foods, Inc. (NYSE: TSN) on Monday reported an increase in second-quarter earnings, aided by strong sales across the board. The results also exceeded Wall Street’s projection and the company’s stock gained during the pre-market session.
Adjusted earnings moved up to $2.29 per share in the most recent quarter from $1.34 per share in the second quarter of 2021 and came in above analysts’ forecast. Net income was $829 million or $2.28 per share, compared to $476 million or $1.30 per share in the year-ago period.
Driving the bottom-line growth, second-quarter net sales rose to $13.12 billion from $11.30 billion in the corresponding period of last year. Analysts were looking for a smaller top-line number.
Check this space to read management/analysts’ comments on Tyson Foods’ Q2 2022 earnings
Tyson Foods’ shares gained about 3% early Monday soon after the earnings announcement, after closing the previous session lower.
Prior Performance
Looking for more insights on the earnings results? Click here to access the full transcripts of the latest earnings conference calls!
Most Popular
Chewy (CHWY): Three factors that work in favor of this pet retailer
Shares of Chewy, Inc. (NYSE: CHWY) gained over 1% on Monday. The stock has dropped 10% in the past three months. The pet products seller delivered solid results for the
Earnings Preview: Will cost pressures impact Darden Restaurants’ Q2 results?
Darden Restaurants, Inc. (NYSE: DRI), a full-service restaurant operator, has faced margin pressure this year from higher input costs tied to tariffs on key commodities. Despite that, management remains optimistic,
NKE Q2 Earnings Preview: Can Nike maintain the recovery momentum?
Sneaker giant NIKE, Inc. (NYSE: NKE) entered the fiscal year facing heightened competition and shifting consumer preferences. Its upcoming second-quarter results are expected to reflect these evolving industry dynamics and
