by Kim Souza (ksouza@talkbusiness.net)
Tyson Foods may report a 34% net income boost when the company reports second quarter earnings on May 5. Market watchers predict quarterly net income of $296 million, better than the $220 million in the same period of 2024.
Revenue is forecast at $13.123 billion for the Springdale-based global meat company, up 0.5% from a year ago.
Stephens Inc. expects Tyson to outperform the market consensus, earning 85 cents per share, noting chicken profitability is better than expected. But the beef segment is likely to be a drag on overall results. Stephens analyst Pooran Sharma said there have been no signs of heifer retention and he expects pressure over the near to intermediate term for meat packers as beef margins continue to struggle.
