For the second quarter of 2023-24, Tyson Foods reported adjusted EPS of $0.62, versus a loss of $0.04 per share a year earlier, and an adjusted operating margin of 3.1%, versus 0.5% a year earlier.

At nearly 13.1 billion dollars, the meat group's sales fell by 0.5%, as a 1% increase in average selling prices only partially offset a 1.5% contraction in volumes.

In terms of outlook for the current full year, Tyson Foods expects adjusted operating profit of between $1.4 and $1.8 billion, with revenues expected to be relatively stable compared with 2022-23.

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