- Tyson Foods (NYSE:TSN) reports chicken revenue improved 8.4% to $3.024B in FQ4. Higher volume offset a 2.2% slip in prices. Lower feed cost ingredients factored in.
- Beef revenue was flat at $4.41B as a 6% increase in volume was offset by a pricing decrease of the same amount. Tyson discloses a $70M loss tied to action in the beef derivatives and futures markets.
- Pork revenue -19% to $1.31B. Volume was up 5.1% and prices were down 23%.
- Prepared foods revenue +60% to $2.01B on strong volume and a 6.5% increase in pricing.
- Operating margin by segment: Chicken 12.2%, Beef -0.7%, Pork 7.2%, Prepared Foods 7.5%.
- Guidance: Tyson expects FY16 EPS of $3.50 to $3.65.
- Previously: Tyson Foods misses by $0.05, beats on revenue (Nov. 23 2015)
- TSN -1.52% premarket to $43.00.