Nov. 10 at 8:26 PM
Tyson Foods reported mixed fiscal Q4 results as strength in its chicken operations contrasted with continued weakness in beef. The company posted adjusted earnings of
$1.15 per share, well above analystsâ estimates of
$0.84, while revenue increased 2.2% to
$13.86 billion, slightly below Wall Street expectations.
Chicken remained the key growth driver, with sales rising to
$4.41 billion and volumes up 3.7%, supported by steady prices and robust consumer demand for affordable protein. Adjusted operating income in the segment jumped 28% to
$457 million, helped by consumers shifting away from record-high beef prices. The cost of uncooked beef steaks reached
$12.26 per pound in September, compared to
$10.89 a year earlier.
In contrast, the beef segment struggled. Although higher pricesâup 17% year over yearâboosted sales value, overall volume fell 8.4%, leading to a
$94 million adjusted operational loss as rising feed and input costs continued to pressure margins.
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