(Boursier.com) — Tyson Foods, the American food group, announced for its first fiscal quarter 2024 adjusted earnings per share of 69 cents, well above the market consensus which was only 41 cents. Revenues increased very slightly to $13.32 billion, compared to a consensus of $13.27 billion. Adjusted operating profit declined 9% to $411 million. Adjusted EPS fell 19% year-over-year. The adjusted operating margin was 3.1%. Donnie King, Group Managing Director, adds: “We have seen the benefits of our diverse protein portfolio and the achievement of operational efficiencies through the strategic decisions we have made over the past year.”
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