Tyson Foods, who last week was named one of the most admirable companies by Forbes, released its Q1 2022 financial results, and shareholders seemed to be pleased.
- Exceeding Expectations: Tyson beat the market's estimates for the quarter due in part to significantly higher meat prices. This led to a 10% jump in shares, setting a 52-week high.
- From the top: "We’re pleased with the results of the first quarter and of the steps that we are taking to improve productivity,” said Donnie King, President and CEO of Tyson Foods. “Our performance reflects the resilience of our multi-protein portfolio even with continued volatility in the marketplace."
Read more about the quarter HERE.