Last quarter, President and CEO of Tyson Foods Donnie King warned Q2 was going to be an even greater challenge for the company. Today, the company released weaker-than-expected Q2 2023 results, reporting a $97 million net loss versus a $829 million profit in Q2 2022.
Beef and pork sales year over year were down 5.4% and 10.3%, respectively, while chicken sales compared to the same quarter last year were 2% higher.
“Last quarter we said that we expected Q2 to be tougher than Q1, and this quarter was definitely a tough one,” King said during a conference call. The company’s core…
