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. The following is a summary of the updated outlook for each of our segments, as well as an outlook for revenue, capital expenditures, net interest expense, liquidity, free cash flow and tax rate for fiscal 2025. Certain of the outlook numbers include adjusted operating income for each segment. The Company is not able to reconcile its full-year fiscal 2025 projected adjusted results to its fiscal 2025 projected GAAP results because certain information necessary to calculate such measures on a GAAP basis is unavailable or dependent on the timing of future events outside of our control. Therefore, because of the uncertainty and variability of the nature of and the amount of any potential applicable future adjustments, which could be significant, the Company is unable to provide a reconciliation for these forward-looking non-GAAP measures without unreasonable effort. Beef USDA projects domestic production will be relatively flat 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 slightly 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 2% in fiscal 2025 as compared to fiscal 2024. We anticipate adjusted operating income of $1.0 billion to $1.3 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 $1.9 billion to $2.3 billion for fiscal 2025. Revenue We expect sales to be flat to up 1% in fiscal 2025 as compared to fiscal 2024, which includes the $343 million reduction due to the recognition of legal contingency accruals in the second quarter of fiscal 2025. 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 $375 million for fiscal 2025. Liquidity We expect total liquidity, which was $3.2 billion as of March 29, 2025, to remain above our minimum liquidity target of $1.0 billion. Free Cash Flow We expect free cash flow to be between $1.0 billion and $1.6 billion for fiscal 2025. Tax Rate We currently expect our adjusted effective tax rate to approximate 25% for fiscal 2025.”.