Tyson Sees 2025 Profit Growth as Chicken Offsets Beef Losses
- Shares surge after earnings and 2025 forecast beat estimates
- Results aided by lower grain prices, cost-saving measures
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Tyson Foods Inc. surged the most in more than two years after beating fiscal fourth-quarter earnings estimates and projecting stronger results next year, with a turnaround in its chicken business offsetting losses in beef.
The maker of Jimmy Dean sausages now expects adjusted operating income to rise as much as 22% in fiscal 2025 compared to this year, according to an earnings statement on Tuesday. That’s slightly higher than analysts had estimated. Tyson also posted better-than-expected results in the three months ended Sept. 30.