Tyson Foods (NYSE:TSN) shares rose about 2% on Monday after the company reported better-than-expected third-quarter earnings and revenue growth.
The food processor posted earnings of $0.91 per share for the quarter, surpassing the $0.81 analyst estimate. Revenue increased 4% year-over-year to $13.88 billion, topping the $13.54 billion consensus.
Adjusted operating income came in at $505 million, up 3% from the same period last year, with a non-GAAP operating margin of 3.6%. The company also recorded a $343 million goodwill impairment in its Beef segment.
For fiscal 2025, Tyson Foods expects revenue to grow 2–3% year-over-year. Adjusted operating income is forecast between $2.1 billion and $2.3 billion, while free cash flow is projected to range from $1.0 billion to $1.3 billion.
