For the last three months of its 2022-23 fiscal year, Tyson Foods reported adjusted EPS down 77% to $0.37, as well as a non-GAAP operating margin of 1.8% (versus 6% a year earlier), on revenues down 2.8% to $13.35 billion.

Although economic headwinds persist, we are moving in the right direction and managing what we can control," says Donnie King, CEO of the meat group, pointing to increased operational efficiency.

For the 2023-24 financial year, Tyson Foods anticipates adjusted operating profit of one to 1.5 billion dollars (compared with 933 million last year), with revenues expected to be relatively stable compared with the previous year (close to 52.9 billion).

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