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Tyson Foods Inc. (NYSE:TSN) reported better-than-expected first-quarter results, driven by robust performance in the chicken sales segment. This marks the company’s third consecutive quarter of annual growth across key metrics.
What Happened: The company reported earnings of $1.14 per share beating the Benzinga consensus estimate of $0.88 by 29.5% and sales of $13.62 billion, 1.21% above the estimated $13.46 billion for the first quarter of fiscal 2025.
"Our best quarterly performance in more than two years reflects improved execution across the business, including exceptional results in chicken," said president and CEO Donnie King.
The management during its earnings call highlighted that its diversified multi-protein portfolio delivered results, with chicken helping to offset the ongoing challenges in beef. Achieving the best adjusted operating income of any quarter over the past eight years in the chicken segment.
The company’s value-added products like Jimmy Dean griddle cakes and chicken biscuits gained traction as chicken also continued to be a “bright spot,” with sales ...
