U.S. meat company Tyson Foods reported net income of US$ 359 million, or US$ 1.01 per share, for the first quarter of fiscal 2025. The result exceeded the net income recorded in the same period of the previous fiscal year, when it stood at US$ 107 million (US$ 0.30 per share). Adjusted earnings rose to US$ 1.14 per share from US$ 0.69 a year earlier. Sales revenue climbed from US$ 13.319 billion to US$ 13.623 billion on the same comparative basis. Adjusted earnings per share beat FactSet analysts’ forecast of US$ 0.90 per share, while revenue also outpaced the projected US$ 13.460 billion.
In the company’s beef segment, sales volume rose 5.6% in the first fiscal quarter, with a modest 0.6% increase in the average price, totaling US$ 5.335 billion.
Tyson raised its outlook for fiscal year 2025, now expecting revenues to remain flat or rise up to 1% compared to the previous year, versus a prior forecast of remaining flat or falling 1%. Adjusted earnings are projected to be between US$ 1.900 and US$ 2.300 billion. For its beef segment, Tyson anticipates a loss of between US$ 400 million and US$ 200 million in 2025, MSN reported.
