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2mo ago

Tyson Foods Reports Strong Q1, Raises Guidance Despite Trade Uncertainty

The company achieved its best quarterly performance in over two years, driven by robust chicken sales and operational improvements, while preparing for potential tariff impacts.

Overview

  • Tyson Foods posted fiscal Q1 earnings of $1.14 per share, exceeding analyst estimates by 29.5%, with revenue rising 2.3% year-over-year to $13.6 billion.
  • The chicken segment delivered exceptional results, with sales increasing due to higher volumes, marking the company's strongest adjusted operating income in eight years for this segment.
  • CEO Donnie King emphasized Tyson's diversified protein portfolio and strategic focus on branded value-added products like prepared foods as key growth drivers.
  • Despite potential trade disruptions from new U.S. tariffs on Canada and Mexico, Tyson has contingency plans in place and expects minimal long-term impact on its supply chain or financial performance.
  • The company raised its annual adjusted operating income forecast to $1.9 billion–$2.3 billion and projects flat to 1% revenue growth for fiscal 2025.