BUZZ-Tyson Foods up after raising annual sales forecast

Reuters
03 Feb
BUZZ-Tyson Foods up after raising annual sales forecast

** Shares of meat packer Tyson Foods TSN.N up ~4% at $59 premarket

** Co raises annual sales forecast due to strong demand for beef and chicken products

** Expects annual sales to be flat to up 1%, compared with its prior forecast of flat to down 1%

** Expects total adj operating income for FY25 to be between $1.9 billion and $2.3 billion vs prior range of $1.8 billion to $2.2 billion

** Posts Q1 sales of $13.62 bln vs analysts' estimates of $13.44 bln - data compiled by LSEG

** Logs quarterly adj profit of $1.14 per share vs estimates of 88 cents

** TSN rose about 7% in 2024

(Reporting by Anuja Bharat Mistry in Bengaluru)

((AnujaBharat.Mistry@thomsonreuters.com))

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