Tyson Foods sees FY25 revenue up 2%-3% compared to FY24

Consensus $54.11B. The company said, “For fiscal 2025, the United States Department of Agriculture indicates domestic protein production will be relatively flat 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. Beef: USDA projects domestic production will decrease approximately 2% in fiscal 2025 as compared to fiscal 2024. We anticipate adjusted operating loss between $(475M) to $(375M) 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 $175M to $200M 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 $1.3B to $1.4B for fiscal 2025. Prepared Foods: We anticipate adjusted operating income of $925M to $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 $2.1B to $2.3B for fiscal 2025. Revenue: We expect sales to be up 2% to 3% in fiscal 2025 as compared to fiscal 2024. Capital Expenditures: We expect capital expenditures at or below $1.0B 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 $4B as of June 28, 2025, to remain above our minimum liquidity target of $1B. Free Cash Flow: We expect free cash flow to be between $1B and $1.3B for fiscal 2025. Tax Rate: We currently expect our adjusted effective tax rate to approximate 25% for fiscal 2025.”