Earlier this week, famous farm products company Tyson Foods, Inc. (TSN) reported its fourth-quarter results, posting declines in its top and bottom-line financials. Its sales declined 2.8% year-over-year to $13.35 billion, below analysts' estimates of $13.71 billion. Adjusted net income per share attributable to TSN came in at $0.37, down 77.3% year-over-year.
High beef prices in the United States due to a shortage of pasture lands have led to widespread import, which could translate into further margin pressures for TSN. Facing struggles, the company has also downsized its staff. On the other hand, TSN’s chicken and pork businesses grapple with excess supply issues.
