Emily
Editor, Senior Moderator
https://www.foodprocessing.com/ingr...-million-q4-loss-offers-dampened-2024-outlook
Tyson posts a $648 million loss for fiscal 2023, just one year after raking in more than $3.2 billion in fiscal 2022.
Andy Hanacek
Nov. 13, 2023
Tyson Foods’ financial woes continued in the fourth quarter of 2023, according to its earnings announcement today, which showed revenue down 2.8% from the same period in 2022 as well as a Q4 loss of $450 million — the third straight quarterly loss for the company, which has continued to be clobbered by inflated costs and oversupply combined with weakened demand for its products.
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Tyson posts a $648 million loss for fiscal 2023, just one year after raking in more than $3.2 billion in fiscal 2022.
Andy Hanacek
Nov. 13, 2023
Tyson Foods’ financial woes continued in the fourth quarter of 2023, according to its earnings announcement today, which showed revenue down 2.8% from the same period in 2022 as well as a Q4 loss of $450 million — the third straight quarterly loss for the company, which has continued to be clobbered by inflated costs and oversupply combined with weakened demand for its products.
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