Reported 12 days ago
Tyson Foods Inc. reported better-than-expected fourth-quarter earnings and anticipates its adjusted operating income to rise by up to 22% in fiscal 2025, driven by improved chicken sales that offset losses in beef. CEO Donnie King noted significant profitability improvements, as demand for chicken surged due to its cost-effectiveness compared to beef. The company expects operating income between $1.8 billion and $2.2 billion, while beef continues to face challenges due to a shortage of cattle.
Source: YAHOO