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Tyson Foods Posts Strong Fourth Quarter Earnings
(Justin Sullivan/Getty Images)

Tyson misses Q2 sales estimates as a major US cattle shortage weighs on beef demand

The company says its beef business is facing “the most challenging market conditions yet.”

Nia Warfield

Tyson Foods shares slid nearly 8% on Monday, making it one of the worst performers in the S&P 500, after the protein giant posted mixed Q2 earnings and offered a shaky outlook.

While Tyson’s earnings per share came in at $0.92 for the quarter, topping FactSet estimates of $0.83, sales reached $13.0 billion, falling shy of estimates. Beef continued to be a pain point, with sales falling for the sixth consecutive quarter.

A nationwide cattle shortage has sent prices soaring to nearly $6 per pound, about 50% higher than in 2020. The drop in beef sales has shifted Tyson’s focus to its chicken business, which has thrived thanks to lower grain costs and stronger consumer demand.

Looking ahead, Tyson expects full-year 2025 sales to stay flat or grow just 1%, falling short of analysts’ expectations.

Tyson shares are now down about 4% over the past year.

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Nike sinks to lowest level since 2014 after warning of “challenged” sales environment in Q4 report

Did Nike do it?

Investors had a mixed reaction after the global sports apparel company reported its fourth quarter earnings on Tuesday after the bell. Shares initially rose 5% as Nike beat out Wall Street expectations amid a hefty tariff refund bonus. However, the stock then sank to its lowest level since August 2014 in postmarket trading.

Here are the Q4 numbers:

  • Revenue of $11.0 billion (estimate: $10.8 billion).

  • Adjusted earnings per share of $0.20 (estimate: $0.12).

Ahead of this report, Nike warned that results would be flattered by a one-time tariff refund (now estimated at roughly $0.52 per share for the bottom line). That gave the company an extra cushion in snapping its streak of seven quarters of year-over-year profit declines.

Over the past year, the company had been punished by tariffs on imported goods, stagnant consumer spending, and increasing competition from other footwear brands like New Balance, Adidas, and Hoka.

Outgoing CFO Matthew Friend deemed it an “increasingly challenging operating environment, where sell-through remains challenged.”

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