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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.
Tyson Foods
Tyson Foods
Tyson Foods Revenue by Segment
Revenue by Segment
Beef Revenue
CapyFin.comPork Revenue
CapyFin.comChicken Revenue
CapyFin.comPrepared Foods Revenue
CapyFin.comInternational/Other Revenue
CapyFin.com 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