Tyson Foods (NYSE:TSN) saw its stock rise roughly 4% in premarket trading Monday after posting stronger-than-anticipated results for its fiscal third quarter, beating Wall Street estimates on both earnings and revenue.
The food industry heavyweight reported earnings per share (EPS) of $0.91 for the quarter, exceeding analysts’ consensus forecast of $0.81. Revenue grew 4% year-over-year to reach $13.88 billion, topping expectations of $13.54 billion.
The company’s adjusted operating income came in at $505 million, up 3% from the same period last year. Tyson also reported a non-GAAP adjusted operating margin of 3.6%.
During the quarter, the company incurred a $343 million goodwill impairment charge related to its Beef division.
“Our third quarter results demonstrate the strength of our multi-protein, multi-channel portfolio and our relentless focus on operational excellence,” said Donnie King, President & CEO of Tyson Foods.
“Delivering our fifth consecutive quarter of year-over-year growth across sales, adjusted operating income and adjusted earnings per share underscores the resilience of our business model,” he added.
Looking ahead, Tyson anticipates revenue growth of 2% to 3% for the full fiscal year 2025 compared to fiscal 2024. The company also projects adjusted operating income between $2.1 billion and $2.3 billion, with free cash flow estimated in the range of $1.0 billion to $1.3 billion.
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