From GlobeNewswire: 2024-08-05 07:30:00

Tyson Foods reported positive Third Quarter results, with Sales up to $13,353 million. Operating Income rose to $341 million, with Adjusted Operating Income at $491 million. Net Income Per Share increased to $0.87. Sales for the Nine Months ended 2024 were $39,744 million, with Adjusted EPS at $2.18, up 125% from prior year.

Segment Results showed growth in Beef, Pork, and Prepared Foods, with Operating Income improving for the third quarter and nine months. Tyson anticipates flat sales in 2024, with adjusted operating income between $1.6 billion to $1.8 billion and a capital expenditure of $1.2 billion to $1.3 billion.

Total Company Adjusted Operating Income for the third quarter was $491 million, up 174% from prior year. Margins improved across segments. The outlook for fiscal 2024 shows anticipated revenue stability and enhanced profitability. Tyson expects total company adjusted operating income to range from $1.6 billion to $1.8 billion for the fiscal year.



Read more at GlobeNewswire:: Tyson Foods Reports Third Quarter 2024 Results