Tyson Foods Inc. to Report Quarterly Report Monday | The Arkansas Democrat-Gazette

Expected sharp increase

in Tyson’s 3rd quarter report

Analysts are predicting a sharp rise in Tyson Foods Inc.’s quarterly profits when the company reports its third-quarter results on Monday.

Zacks Equity Research estimates that the Springdale-based company will post earnings of $0.61 per share, compared with $0.15 per share in 2023.

Tyson’s revenue is estimated at $13.7 billion, up 0.2% from the same period last year.

Analysts predict Tyson’s total chicken sales will reach $4.21 billion, the same as a year ago.

The company’s beef sales are expected to reach $4.76 billion, down 3.9% from a year ago.

Processed food sales are expected to reach $2.46 billion, up 3.0% from the same quarter in 2023, while pork sales are expected to reach $1.42 billion, up 7.5% from a year earlier.

Tyson’s international and other sales are expected to be $672.57 million, which would be an increase of 6.3% compared to the third quarter of 2023.

Tyson’s board will hold a conference call with investors on financial results at 8 a.m.

The conference call will be webcast live and can be accessed by visiting http://ir.tyson.com. A replay of the event will also be available at the same address.

–Dylan Sherman

Walmart stores add

hot dog restaurant

Walmart Inc. is expanding its nationwide restaurant chain with the addition of Crave Hot Dogs and BBQ locations.

Dallas-based Crave said Friday it currently has “several” units in development and plans to expand that number to more than 100 over the next year.

The menu will include hot dogs, grilled sandwiches, sliders, bowls and desserts. The restaurants will serve breakfast, lunch and dinner daily.

Designed with fast-casual eateries in mind, these restaurants will also offer delivery through third-party services like GrubHub and DoorDash.

Guests can also download the Crave app, where they can order ahead and take advantage of discounts and “secret menu items.”

Walmart continues to open restaurants, ghost kitchens and other food options in its stores to fill the void left by longtime tenant McDonald’s, which will leave most Walmart supermarkets in 2022.

The Bentonville-based retailer said last month that Mr. Gatti’s pizzerias would open in 92 stores, starting with 12 locations that opened in the last three months of this year.

–Serenah McKay

Arkansas Index Ends

session down 34.59

The Arkansas Index, a price-weighted index tracking the largest public companies headquartered in the state, closed at 900.20 on Friday, down 34.59 points.

Tyson Foods shares rose 0.77% to lead the index on Friday. ArcBest Corp. shares fell 13.3%.

The index was developed by Bloomberg News and the Democrat-Gazette. Its base value on December 30, 1997, was 100.