Tyson Foods Reports Third Quarter Results

Tyson Foods Inc has reported its financial results for the third quarter, with key highlights as follows:

• Profit margins increased in the company’s chicken and prepared foods businesses
• Annual revenue forecast has been raised, driven by resilient demand for meat products, particularly chicken

The company’s shares have experienced a significant increase, with a nearly 5% rise before the bell. This is attributed to the improved financial performance and increased revenue forecast.

Revenue and Sales Outlook

Tyson Foods has boosted its sales growth outlook for the fiscal year 2025, projecting growth of 2 to 3 percent from the previous year’s sales.

Second-Quarter Income

The company’s second-quarter income has declined, with earnings dropping to $61 million from $191 million last year.