Content ID

336085

Tyson Foods forecasts annual sales above estimates

Nov 14 (Reuters) - U.S. meatpacker Tyson Foods Inc on Monday forecast full-year revenue above Wall Street estimates, signaling steady demand for its higher-priced chicken and beef despite decades-high levels of inflation.

The Springdale, Arkansas-based company projected full-year 2023 sales between $55 billion and $57 billion, compared with analysts' expectation of $53.60 billion, according to IBES data from Refinitiv. (Reporting by Ananya Mariam Rajesh in Bengaluru and Tom Polansek in Chicago; editing by Uttaresh.V)

© Copyright Thomson Reuters 2022. Click For Restrictions - http://about.reuters.com/fulllegal.asp

Read more about
Loading...

Tip of the Day

Driver for electric fence posts is helpful

Fence post driver from Mar '20 AATF I welded a steel cap and handle onto one end of a section of light-duty 1¼-inch angle iron and a footstep onto the other end. This lets me... read more

Talk in Marketing

Most Recent Poll

Will you have enough on-farm storage for harvest?

I just want to see the responses
46% (24 votes)
Yes
37% (19 votes)
No, it’s going to be a bin-buster
8% (4 votes)
Maybe, depending on yields
6% (3 votes)
No, I am looking at new bins or temporary storage
4% (2 votes)
Total votes: 52
Thank you for voting.