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2021-11-15
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Tyson Foods saw upbeat sales as meat prices, restaurant demand jump
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The total did not included indirect costs such as higher meat product inputs, transportation and plant inefficiencies that have sent consumer meat prices soaring.</p>\n<p>Top aides to President Joe Biden blamed Tyson and other large meat rivals that control much of the meat processing sector for rising food prices.</p>\n<p>Tyson has rejected those assertions and instead blamed the pandemic and the U.S. labor shortage for limiting production.</p>\n<p>The Jimmy Dean sausages maker said it was expecting sales to be about $49 billion to $51 billion for fiscal 2022, compared with market estimates of $47.99 billion, according to Refinitiv IBES.</p>\n<p>Sales rose to $12.81 billion in the fourth quarter from $11.46 billion a year earlier. Analysts on average were expecting sales of $12.66 billion, according to Refinitiv IBES.</p>\n<p>Net income attributable to Tyson increased to $1.36 billion, or $3.71 per share, from $654 million, or $1.79 per share, a year earlier.</p>\n<p>Excluding one-off items, Tyson earned $2.30 per share, compared with estimates of $2.03.</p>\n<p>Its shares slid nearly 1% in premarket trading.<img src=\"https://static.tigerbbs.com/b3402d0bebde7da1bf3875eb70dfe0d6\" tg-width=\"768\" tg-height=\"562\" width=\"100%\" height=\"auto\"></p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Tyson Foods saw upbeat sales as meat prices, restaurant demand jump</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; 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The total did not included indirect costs such as higher meat product inputs, transportation and plant inefficiencies that have sent consumer meat prices soaring.</p>\n<p>Top aides to President Joe Biden blamed Tyson and other large meat rivals that control much of the meat processing sector for rising food prices.</p>\n<p>Tyson has rejected those assertions and instead blamed the pandemic and the U.S. labor shortage for limiting production.</p>\n<p>The Jimmy Dean sausages maker said it was expecting sales to be about $49 billion to $51 billion for fiscal 2022, compared with market estimates of $47.99 billion, according to Refinitiv IBES.</p>\n<p>Sales rose to $12.81 billion in the fourth quarter from $11.46 billion a year earlier. Analysts on average were expecting sales of $12.66 billion, according to Refinitiv IBES.</p>\n<p>Net income attributable to Tyson increased to $1.36 billion, or $3.71 per share, from $654 million, or $1.79 per share, a year earlier.</p>\n<p>Excluding one-off items, Tyson earned $2.30 per share, compared with estimates of $2.03.</p>\n<p>Its shares slid nearly 1% in premarket trading.<img src=\"https://static.tigerbbs.com/b3402d0bebde7da1bf3875eb70dfe0d6\" tg-width=\"768\" tg-height=\"562\" width=\"100%\" height=\"auto\"></p>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"TSN":"泰森食品"},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1114364992","content_text":"Top U.S. meatpacker Tyson Foods Inc beat quarterly profit estimates on Monday and forecast fiscal 2022 revenue above market expectations on rising meat prices and improving demand from restaurants that have reopened after COVID-19 restrictions.\nThe Springdale, Arkansas-based company reported a double-digit jump in sales and earnings in the fiscal fourth-quarter ended Oct. 2.\n\"We delivered a record performance in our beef segment and experienced share gains in our retail core business lines ... while supporting the continued recovery in foodservice,\" CEO Donnie King said.\nPent-up demand for dine-in experiences, newer meat items on restaurant menus and a boom in Chinese demand for U.S. pork and beef have worked in favor of American meat processing firms.\nIncreased costs for labor, transportation and items such as feed grain and packaging have created headaches, however.\nTyson reported about $335 million in direct costs in fiscal 2021 related to COVID-19, including protective equipment, testing and vaccinations for employees. The total did not included indirect costs such as higher meat product inputs, transportation and plant inefficiencies that have sent consumer meat prices soaring.\nTop aides to President Joe Biden blamed Tyson and other large meat rivals that control much of the meat processing sector for rising food prices.\nTyson has rejected those assertions and instead blamed the pandemic and the U.S. labor shortage for limiting production.\nThe Jimmy Dean sausages maker said it was expecting sales to be about $49 billion to $51 billion for fiscal 2022, compared with market estimates of $47.99 billion, according to Refinitiv IBES.\nSales rose to $12.81 billion in the fourth quarter from $11.46 billion a year earlier. Analysts on average were expecting sales of $12.66 billion, according to Refinitiv IBES.\nNet income attributable to Tyson increased to $1.36 billion, or $3.71 per share, from $654 million, or $1.79 per share, a year earlier.\nExcluding one-off items, Tyson earned $2.30 per share, compared with estimates of $2.03.\nIts shares slid nearly 1% in premarket trading.","news_type":1},"isVote":1,"tweetType":1,"viewCount":411,"commentLimit":10,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"symbols":[],"verified":2,"subType":0,"readableState":1,"langContent":"CN","currentLanguage":"CN","warmUpFlag":false,"orderFlag":false,"shareable":true,"causeOfNotShareable":"","featuresForAnalytics":[],"commentAndTweetFlag":false,"andRepostAutoSelectedFlag":false,"upFlag":false,"length":2,"xxTargetLangEnum":"ZH_CN"},"commentList":[],"isCommentEnd":true,"isTiger":false,"isWeiXinMini":false,"url":"/m/post/873769329"}
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