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Tyson Foods Posts Strong Fourth Quarter Earnings
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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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SpaceX gets a wave of bullish ratings from Wall Street analysts

SpaceX received more than a dozen positive analyst calls on Tuesday — including from major Wall Street banks — as they initiate coverage on Elon Musk’s space and AI company.

SpaceX went public on June 12 at a $2.2 trillion valuation, the largest debut in history. While the company hasn’t yet posted a profit, it seems to have convinced Wall Street that it will get there and grow its valuation on the way.

Of the at least 17 analysts that gave a rating on Tuesday, all but one gave it a “buy” or “outperform” rating. MoffettNathanson was "neutral."

The ratings come as SpaceX joined the Nasdaq 100 index, a benchmark tech-heavy basket of companies that underpins millions of portfolios. The inclusion adds built-in demand for the stock from index funds and ETFs.

Still, SpaceX fell more than 5% on Tuesday amid a broader sell-off, and is currently effectively flat from its opening price of $150 a share.

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