Cash Flow ManagementTSN continues to manage improving cash flow generation tightly given elevated leverage and prioritization of its dividend, limiting capital allocation toward EPS accretive activities.
EarningsTSN’s FY3Q24 EPS of $0.87 exceeded consensus $0.67 as stronger Chicken, International, and Pork profits more than offset larger Beef losses.
Operational PerformanceTSN continues to demonstrate improved execution in Chicken and industry fundamentals are strong.