Tyson Foods Inc

TSN

Equity

ISIN US9024941034 / Valor 979428

New York Stock Exchange, Inc (2024-11-21)

USD 63.77+0.82%

Tyson Foods Inc
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About company

Tyson Foods Inc. is a major player in the global food industry, primarily focusing on the production and distribution of a wide range of meat products, including chicken, beef, and pork. The company's operations span from farm to table, emphasizing product responsibility and efficiency throughout its supply chain. Recently, Tyson Foods has expanded its infrastructure with the opening of a new fully-cooked food production facility in Danville, Virginia, underscoring its commitment to long-term growth and investment in its poultry business. This move is part of Tyson's broader strategy to enhance its operational efficiency and reinforce its position in the food sector. While the company has set ambitious goals for sustainability and community impact, its core business remains centered on meeting the global demand for meat products through a combination of innovation, strategic expansion, and a focus on product quality and safety.

Summarized from source with an LLMView SourceSector: Consumer Non-Cyclicals

Sales Growth

Tyson Foods Inc. reported sales of $13,353 million for the third quarter of 2024, reflecting a 1.6% increase from the $13,140 million reported in the same quarter of 2023. For the first nine months of 2024, sales reached $39,744 million, up 0.5% from $39,533 million in the prior year.

Operating Income

In the third quarter of 2024, Tyson Foods Inc. achieved a GAAP operating income of $341 million, a significant improvement from the operating loss of $350 million in the third quarter of 2023. Adjusted operating income for the same period was $491 million, up 174% from $179 million in the previous year.

Net Income

Tyson Foods Inc. reported a net income per share of $0.54 for the third quarter of 2024, a notable increase from the net loss per share of $1.18 in the third quarter of 2023. Adjusted net income per share was $0.87, up 480% from $0.15 in the same period last year.

Cash Flow

For the first nine months of 2024, Tyson Foods Inc. generated $1,973 million in cash from operating activities, marking a 38% increase from the prior year's $1,424 million. Free cash flow for the same period was $1,089 million, up $1,224 million from the previous year.

Outlook

Looking ahead, Tyson Foods Inc. anticipates total company adjusted operating income to range between $1.6 billion and $1.8 billion for fiscal 2024. The company expects sales to remain relatively flat compared to fiscal 2023, with capital expenditures projected between $1.2 billion and $1.3 billion.

Summarized from source with an LLMView Source

Key figures

32.9%1Y

-21.8%3Y

-28.0%5Y

Performance

21.9%1Y

25.9%3Y

31.3%5Y

Volatility