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As the price of beef rises amid a cattle shortage to nearly $6 a pound, or roughly 50% more than in 2020, beef sales remain under pressure.
Demand for Tyson's beef declined as average prices spiked 8.2% in the second quarter.
Tyson Foods' Q2 results reflect the higher earnings. However, revenues remain flat as strong pricing mitigates the volume slump.
The meat company said total sales in its fiscal second quarter were unchanged year over year as higher volumes in its chicken business were balanced out by declines in beef and other segments.
Tyson Foods, Inc. (NYSE:TSN ) Q2 2025 Earnings Call May 5, 2025 9:00 AM ET Company Participants Sean Cornett - VP, IR Donnie King - President & CEO Curt Calaway - CFO Brady Stewart - Group President, Prepared Foods, Beef & Pork and Chief Supply Chain Officer Devin Cole - Group President, Poultry & Global Business Unit Kristina Lambert - EVP Conference Call Participants Alexia Howard - Sanford C. Bernstein Peter Galbo - Bank of America Kenneth Goldman - J.P.
Onsemi (ON) sold off this morning despite posting an earnings beat and guidance raise. Diane King Hall says an uncertain auto industry outlook may play a role in the selling action.
Meat industry stalwart Tyson Foods Inc (NYSE:TSN) is down 9.5% at $54.99 at last glance.
While the top- and bottom-line numbers for Tyson (TSN) give a sense of how the business performed in the quarter ended March 2025, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.
Tyson Foods has been "proactively reformulating" food products containing petroleum-based synthetic dyes and plans to finish work to eliminate them from its production process by the end of May, CEO Donnie King said on Monday.
U.S. stocks traded lower this morning, with the Nasdaq Composite falling more than 100 points on Monday.