Tyson Foods Tops Q2 Earnings Forecast, Boosts 2022 Sales Outlook Amid Fastest Food Inflation Since 2010

Tyson Foods Inc.  (TSN) – Get Tyson Foods, Inc. Class A Report posted stronger-than-expected second quarter earnings Monday, while boosting its full-year sales outlook, as the world’s biggest food producer said solid global demand offset inflationary pressures across its supply chain.

Tyson Foods said adjusted earnings for the three months ending in March, the group’s fiscal second quarter, were pegged at $2.29 per share, up 71% from the same period last year and firmly ahead of the Street consensus forecast of $1.88 per share. Group revenues, Tyson said, rose16% to $13.11 billion, again firmly ahead of analysts’ forecast of an $12.85 billion tally.

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