Strong Start to Fiscal Year 2025
Tyson Foods reported a 60% increase in first quarter adjusted operating income, with adjusted earnings per share growing by 65%. The company raised its full-year guidance, driven by robust performances in Chicken, Beef, and International segments.
Significant Improvement in Chicken Segment
The Chicken segment achieved the best first quarter adjusted operating income in eight years, driven by improvements in live and plant operations and lower grain costs. Tyson Foods also returned to volume growth in this segment, particularly in foodservice.
Debt Reduction and Financial Strength
Tyson Foods reduced its net leverage ratio from 4.1 times at the end of 2023 to 2.3 times. The company generated $1 billion in operating cash flows and returned $175 million to shareholders through dividends.