1043 ET - Tyson Foods is confident in its guidance for chicken production to increase about 2% in fiscal 2025, as poultry demand going forward looks solid, Tyson's Wes Morris says on a call with analysts. "The industry looks more well balanced than it did earlier in the year," he says. Tyson has also added $100 million to the high-end of its outlook for the chicken segment's adjusted operating income, setting it for $1 billion to $1.3 billion. According to the poultry group's president, it would take a "major extraneous event" for Tyson to come in on the low-end of its outlook, "be it major weather or bird health issues." Shares rise 2.8% to $58.05. (dean.seal@wsj.com)
(END) Dow Jones Newswires
February 03, 2025 10:43 ET (15:43 GMT)
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