The earnings call highlighted Tyson Foods' substantial improvements in operating income, earnings per share, and free cash flow, driven by strong performances in the Chicken, Prepared Foods, and Pork segments. However, challenges remain in the Beef segment due to market conditions, impacting overall profitability. The outlook for FY '25 is cautiously optimistic, with expected growth in certain segments but flat overall sales guidance.

Company Guidance

In the fourth quarter of 2024, Tyson Foods reported impressive financial performance, with adjusted operating income (AOI) and earnings per share (EPS) both exceeding results from the previous eight quarters and more than doubling compared to the same quarter last year. For the full fiscal year, AOI reached over $1.8 billion, nearly double that of 2023, and adjusted EPS rose by over 130% to $3.10. Free cash flow improved significantly by more than $1.6 billion, outpacing the dividend by over two times. Looking ahead to fiscal 2025, Tyson projects AOI to grow by approximately 10% at the midpoint, driven by significant contributions from its Prepared Foods and Chicken segments, which are expected to collectively achieve AOI of more than $2 billion. Tyson also plans to maintain disciplined capital allocation, with capital expenditures between $1 billion and $1.2 billion and an anticipated free cash flow exceeding $700 million. The company is focused on further enhancing operational excellence, leveraging data analytics, and fostering team member development to sustain its momentum and deliver shareholder value.

Record Performance in Q4 2024

Adjusted operating income and adjusted earnings per share were both the best results in the past 8 quarters, more than doubling compared to Q4 last year.

Significant Financial Improvement

AOI of more than $1.8 billion nearly doubled versus fiscal 2023, while adjusted EPS of $3.10 increased over 130%.

Strong Free Cash Flow

Free cash flow increased by more than $1.6 billion versus last year, more than twice the dividend this year.

Improved Chicken Segment

Chicken AOI improved by nearly $1.1 billion, leading to the strongest AOI performance since fiscal '17.

Prepared Foods AOI Growth

FY '24 AOI grew 2% year-over-year, the best performance since fiscal year '18, with operational efficiencies and reduced MAP spending driving growth.

Pork Segment Recovery

Pork AOI increased $270 million year-over-year, highlighting improved spreads and solid demand.

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Tyson Foods (DE:TF7A) Earnings, Revenues Date & History

The upcoming earnings date is based on a company’s previous reporting, and may be updated when the actual date is announced

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DE:TF7A Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Aug 06, 2018	2018 (Q3)	- / 1.46	1.249	17.19% (+0.21)	―	―
Nov 13, 2018	2018 (Q4)	- / 1.54	1.395	10.49% (+0.15)	―	―
Feb 07, 2019	2019 (Q1)	- / 1.54	1.678	-8.14% (-0.14)	―	―
May 06, 2019	2019 (Q2)	- / 1.17	1.239	-5.51% (-0.07)	―	―
Aug 05, 2019	2019 (Q3)	- / 1.43	1.464	-2.00% (-0.03)	―	―
Nov 12, 2019	2019 (Q4)	- / 1.18	1.542	-23.42% (-0.36)	―	―
Feb 06, 2020	2020 (Q1)	- / 1.62	1.542	5.06% (+0.08)	―	―
May 04, 2020	2020 (Q2)	- / 0.75	1.171	-35.83% (-0.42)	―	―
Aug 03, 2020	2020 (Q3)	- / 1.37	1.434	-4.76% (-0.07)	―	―
Nov 16, 2020	2020 (Q4)	- / 1.77	1.181	49.59% (+0.59)	―	―

The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.

Beat

Missed

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DE:TF7A Earnings-Related Price Changes

Report Date	Price 1 Day Before	Price 1 Day After	Percentage Change
Nov 12, 2024	€55.69	€58.13	+4.38%
Aug 05, 2024	€55.28	€56.74	+2.64%
May 06, 2024	€55.18	€57.06	+3.40%
Feb 05, 2024	€50.23	€50.30	+0.14%

Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.

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