Why Tyson Foods' Productivity Plans May Make It a Buy
Posting beefy results for its fourth quarter and full-year fiscal 2021, Tyson Foods (NYSE: TSN) continued a positive trend that has seen its stock gain about 30% over the past 12 months. Both revenue and earnings per share (EPS) rose year over year to outperform consensus analyst expectations. The real story, though, is the details Tyson shared about its "productivity plan" and the growth investors can likely expect if this scheme develops as intended.
Tyson's results beat Wall Street average forecasts at both the top and bottom lines, with revenue rising solidly and EPS soaring. Adjusted EPS surged 35% year over year, while full-year adjusted EPS climbed 53%. For both periods, the bottom-line gains outpaced revenue growth as the company is turning revenue into profits more efficiently.
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Source Fool.com