Tyson Foods Inc Class A

TSN: XNYS (USA)
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Morningstar Rating for Stocks Fair Value Economic Moat Capital Allocation
$16.00HyxzMqywpqdv

Tyson Earnings: Shares Up Despite Massive Stock Market Slide, but We See More Upside

We don't expect a major change to our $80 fair value estimate for no-moat Tyson based on its June-ended fiscal 2024 third quarter. Most of the quarter was unsurprising, as chicken performed well, pork continued its recovery, prepared foods remained a solid contributor, and beef continued to struggle. The downside looks more muted for the rest of fiscal 2024, as the company narrowed the bottom end of its full-year adjusted operating income guidance by $200 million to $1.6 billion-$1.8 billion. Given the continued recovery, shares were up 2% on a day when the Morningstar US Market Index was down 2.4%.

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