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

The company said, “For fiscal 2025, the United States Department of Agriculture indicates domestic protein production will increase approximately 1% compared to fiscal 2024 levels. Beef: USDA projects domestic production will decrease approximately 1% in fiscal 2025 as compared to fiscal 2024. We anticipate adjusted operating loss between $(0.4B) and $(0.2B) 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 $0.1B to $0.2B in fiscal 2025. Chicken: USDA projects chicken production will increase approximately 2% in fiscal 2025 as compared to fiscal 2024. We anticipate adjusted operating income of $1B to $1.3B for fiscal 2025. Prepared Foods: We anticipate adjusted operating income of $0.9B to $1.1B 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 $1.9B to $2.3B for fiscal 2025. Revenue: We expect sales to be flat to up 1% in fiscal 2025 as compared to fiscal 2024. Capital Expenditures: We expect capital expenditures between $1B and $1.2B 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 $375M for fiscal 2025. Liquidity: We expect total liquidity, which was $4.5B as of December 28, 2024, to remain above our minimum liquidity target of $1B. Free Cash Flow: We expect free cash flow to be between $1B and $1.6B for fiscal 2025. Tax Rate: We currently expect our adjusted effective tax rate to approximate 25% for fiscal 2025.”