Tyson Foods Reports Strong Q4 Earnings Amid Rising Beef and Chicken Prices
Despite a strong fourth quarter, Tyson Foods projects flat to declining revenue in 2025 due to lower pork prices and slowing chicken demand.
- Tyson Foods' fourth-quarter revenue rose 1.6% year-over-year to $13.57 billion, surpassing analyst expectations.
- Beef sales increased by 4.6% and chicken sales by 2.3%, contributing to a significant improvement in profitability.
- The pork segment experienced a 6.9% drop in prices, leading to a decline in sales despite higher volume.
- Tyson reported a fiscal year 2024 revenue of $53.31 billion, with net income reaching $800 million, a turnaround from the previous year's loss.
- While Tyson's shares surged following the earnings report, the company anticipates 2025 revenue to remain flat or decline by 1%.