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Tyson Stock Surges as Higher Beef and Chicken Prices Boost Results

Packages of Tyson Foods crispy chicken strips arranged in New York, on Jan. 30, 2024

Shelby Knowles / Bloomberg via Getty Images

Key Takeaways

  • Tyson Foods posted better-than-expected results for the fourth quarter as higher beef and chicken prices lifted sales.
  • Beef sales gained 4.6% from a year ago, while chicken sales increased 2.3%.
  • Shares of Tyson surged Tuesday following the news.

Tyson Foods (TSN) shares took off Tuesday after the meat processor beat pr🐲ofit and sales estimates as higher prices helped boost beef and chicken sale𓃲s.

The company posted fourth-quarter adjusted earnings per share (EPS) of 92 cents, above the analysts' estimates compiled by Visible Alpha. Revenue was up 1.6% year-over-year to $13.57 billion, also ahead of forecasts.

Beef sales gained 4.6% to $5.26 billion, while chicken sales increased 2.3% to $4.25 billion as prices rose. Pork prices sank 🙈6.9%, sending sales tumbling 3.7% to $1.4🅠4 billion.

Tyson's fiscal 2024 revenue came in at $53.31 billion, more than the company 澳洲幸运5开奖号码历史查询:had projected in the third♎ quarter. CEO Donnie King said Tyson “delivered significant improvement in profitability for the fourth quarter and full year.”

The company said it anticipates full-y☂ear 2025 revenue as flat to down 1% from 2024,༺ below expectations. 

Ty♛son shares were up over 8% in intraday trading 🐭Tuesday and have added over 18% since the start of the year.

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