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Tyson Foods expected to post 14% drop in first-quarter net income
['Kim Souza', 'Tina Alvey Dale', 'Michael Tilley']
Talk Business & Politics
Adjusted net income is forecast at $325.7 million for the Springdale-based company, which would be down 19% from $405 million reported a year ago.
For the quarter ending Dec. 31, Tyson is expected to report beef sales of $5.761 billion, up 8% from a year ago.
Operating income is expected to total $335 million for the quarter, down 9% year over year.
The segment’s operating income is pegged at $64.9 million, up 10.1% from the same period last year.
Operating income is expected to top $229 million, down 2% from a year ago.