Reported about 6 hours ago
Tyson Foods has increased its annual sales forecast due to strong demand for beef and chicken, surpassing first-quarter estimates and causing a 4% rise in its stock price. The company now expects fiscal 2025 sales to remain stable or increase by 1%, as well as raising its adjusted operating income forecast. This positive outlook is bolstered by recovering restaurant traffic and ongoing demand for home-cooked meals, even amidst high beef prices and limited cattle supplies.
Source: YAHOO