Tyson Foods Q4 Earnings: Revenue And EPS Beat, Beef Gains Outshine Chicken Dip & More

Tyson Foods, Inc. TSN shares are trading higher on Tuesday.

The company reported fourth-quarter adjusted earnings per share of 92 cents beating the street view 69 cents. Quarterly revenues of $13.565 billion (+1.6%) outpaced the analyst consensus of $13.392 billion.

“Our multi-protein, multi-channel portfolio, combined with our best-in-class team, iconic brands and focus on operational excellence positions us well for Fiscal 2025 and beyond,” said Donnie King, President & CEO of Tyson Foods.

Beef volumes rose 3.7%, Pork volumes gained 3.2%, while chicken volumes fell 0.7%.

The company posted an adjusted operating income of $512 million, a 117% increase from the prior year. Its total adjusted operating margin was 3.8%. As of September 28, 2024, liquidity stood at approximately $4.0 billion.

The company exited the quarter with a long-term debt of $9.713 billion.

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Outlook: Tyson Foods expects sales to be down 1% to flat in fiscal 2025. The company sees total company adjusted operating income of $1.8 billion to $2.2 billion for fiscal 2025.

“Looking ahead, we are optimistic about our outlook and our ability to deliver long-term value to our shareholders,” the CEO added.

The USDA projects a 2% decrease in domestic beef production for fiscal 2025 compared to fiscal 2024, and Tyson expects an adjusted operating loss between $(0.4) billion and $(0.2) billion.

For pork, the USDA anticipates a 2% increase in domestic production, and Tyson expects adjusted operating income between $0.1 billion and $0.2 billion. USDA projects chicken production to rise by 3%, and Tyson anticipates adjusted operating income of $1.0 billion to $1.2 billion for fiscal 2025.

The company stated that it expects its total liquidity, which was $4.0 billion as of September 28, 2024, to stay above the minimum liquidity target of $1.0 billion.

Dividend: The company announced that, effective November 8, the Board of Directors approved an increase in the quarterly dividend to $0.50 per share for Class A common stock and $0.45 per share for Class B common stock. The higher dividend will be payable on December 13, to shareholders of record as of November 29, and a similar dividend has been declared to be payable on March 14, 2025.

Price Action: TSN shares are trading higher by 5.85% to $62.25 premarket at last check Tuesday.

Photo via Shutterstock

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