Tyson Foods sees FY25 revenue down 1% to flat compared to FY24

The company said, “For fiscal 2025, the United States Department of Agriculture indicates domestic protein production should increase compared to fiscal 2024 levels…Beef USDA projects domestic production will decrease approximately 2% in fiscal 2025 as compared to fiscal 2024. We anticipate adjusted operating loss between $(0.4) billion and $(0.2) billion in fiscal 2025. Pork USDA projects domestic production will increase approximately 2% in fiscal 2025 as compared to fiscal 2024. We anticipate adjusted operating income of $0.1 billion to $0.2 billion in fiscal 2025. Chicken USDA projects chicken production will increase approximately 3% in fiscal 2025 as compared to fiscal 2024. We anticipate adjusted operating income of $1.0 billion to $1.2 billion for fiscal 2025. Prepared Foods We anticipate adjusted operating income of $0.9 billion to $1.1 billion in fiscal 2025. International/Other We anticipate improved results from our foreign operations in fiscal 2025 on an adjusted basis. Total Company We anticipate total company adjusted operating income of $1.8 billion to $2.2 billion for fiscal 2025. Revenue We expect sales to be down 1% to flat in fiscal 2025 as compared to fiscal 2024. Capital Expenditures We expect capital expenditures between $1.0 billion and $1.2 billion for fiscal 2025. Capital expenditures include investments in profit improvement projects as well as projects for maintenance and repair. Net Interest Expense We expect net interest expense to approximate $380 million for fiscal 2025. Liquidity We expect total liquidity, which was $4.0 billion as of September 28, 2024, to remain above our minimum liquidity target of $1.0 billion. Free Cash Flow We expect free cash flow to be greater than dividends for fiscal 2025. Tax Rate We currently expect our adjusted effective tax rate to be 24% to 25% for fiscal 2025.”