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Tyson Foods
🇺🇸 NYSE:TSN
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Sep 28, 2024

Tyson Foods Q4 2024 Earnings Report

Achieved significant improvements in profitability for the fourth quarter and full year.

Key Takeaways

Tyson Foods reported a 1.6% increase in sales for the fourth quarter, reaching $13.565 billion. The company demonstrated significant improvement in profitability, with GAAP operating income increasing by $988 million and adjusted EPS rising by 149%.

Delivered significant improvement in profitability for the fourth quarter and full year.

Strengthened financial position with solid cash flow generation.

Substantially reduced net leverage ratio.

Optimistic about outlook and ability to deliver long-term value to shareholders.

Total Revenue
$13.6B
Previous year: $13.3B
+1.6%
EPS
$0.92
Previous year: $0.37
+148.6%
Gross Profit
$1.06B
Previous year: $459M
+130.9%
Cash and Equivalents
$1.72B
Previous year: $573M
+199.7%
Free Cash Flow
$369M
Total Assets
$37.1B
Previous year: $36.3B
+2.3%

Tyson Foods

Tyson Foods

Tyson Foods Revenue by Segment

Forward Guidance

For fiscal 2025, the United States Department of Agriculture (USDA) indicates domestic protein production (beef, pork, chicken and turkey) should increase compared to fiscal 2024 levels. We anticipate total company adjusted operating income of $1.8 billion to $2.2 billion for fiscal 2025. We expect sales to be down 1% to flat in fiscal 2025 as compared to fiscal 2024.

Positive Outlook

  • USDA projects domestic protein production will increase compared to fiscal 2024 levels.
  • We anticipate adjusted operating income of $0.1 billion to $0.2 billion in fiscal 2025 for Pork.
  • We anticipate adjusted operating income of $1.0 billion to $1.2 billion for fiscal 2025 for Chicken.
  • We anticipate adjusted operating income of $0.9 billion to $1.1 billion in fiscal 2025 for Prepared Foods.
  • We anticipate improved results from our foreign operations in fiscal 2025 on an adjusted basis for International/Other.

Challenges Ahead

  • USDA projects domestic production will decrease approximately 2% in fiscal 2025 as compared to fiscal 2024 for Beef.
  • We anticipate adjusted operating loss between $(0.4) billion and $(0.2) billion in fiscal 2025 for Beef.
  • We expect sales to be down 1% to flat in fiscal 2025 as compared to fiscal 2024.
  • We expect net interest expense to approximate $380 million for fiscal 2025.
  • We currently expect our adjusted effective tax rate to be 24% to 25% for fiscal 2025

Revenue & Expenses

Visualization of income flow from segment revenue to net income

Company Overview

Full financial data and analysis

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