By Dean Seal
Tyson Foods raised its full-year revenue guidance after beef and chicken volume gains pushed profit and sales higher than expected in the fiscal first quarter.
The largest U.S. meat supplier said it now expects revenue for the full fiscal year to be flat to up 1% from last year. The company said in November that revenue would be flat year-over-year or decline as much as 1%. Tyson also bumped up its fiscal 2025 adjusted operating income outlook.
For the quarter ended Dec. 28, the company posted a profit of $359 million, or $1.01 a share, up from $107 million, or 30 cents a share, in the same period a year ago.
Stripping out one-time items, adjusted earnings were $1.14 a share. Analysts polled by FactSet had been expecting 90 cents a share.
Sales rose 2.3% to $13.62 billion, above analyst projections for $13.46 billion, according to FactSet.
Volumes were up 5.6% for Tyson's beef business, its biggest revenue contributor. Chicken volumes were up 1.5%, while volumes slipped for the smaller pork and prepared foods segments.
Write to Dean Seal at dean.seal@wsj.com
(END) Dow Jones Newswires
February 03, 2025 07:50 ET (12:50 GMT)
Copyright (c) 2025 Dow Jones & Company, Inc.
免責聲明：投資有風險，本文並非投資建議，以上內容不應被視為任何金融產品的購買或出售要約、建議或邀請，作者或其他用戶的任何相關討論、評論或帖子也不應被視為此類內容。本文僅供一般參考，不考慮您的個人投資目標、財務狀況或需求。TTM對信息的準確性和完整性不承擔任何責任或保證，投資者應自行研究並在投資前尋求專業建議。