Tyson Foods, Inc. (NYSE: TSN) reported fourth quarter 2023 earnings results today.
Sales decreased 2.8% year-over-year to $13.34 billion, missing estimates of $13.73 billion.
Net loss attributable to Tyson was $450 million, or $1.31 per share, compared to net income of $538 million, or $1.50 per share, last year. Adjusted EPS fell 77% to $0.37 but surpassed projections of $0.29.
The company expects sales in fiscal year 2024 to be relatively flat compared to 2023.
The stock fell 2% in premarket hours on Monday.
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