Tyson Foods (NYSE:TSN) reported mixed second-quarter results, topping profit expectations but missing on revenue, which sent its shares down more than 7% intra-day today.
The company posted adjusted earnings of $0.92 per share, beating analyst estimates of $0.84. However, revenue came in slightly below expectations at $13.07 billion, compared to the $13.16 billion forecast. Sales were flat year-over-year, weighed down by a $343 million legal contingency accrual that reduced revenue by 2.6%.
Despite the top-line miss, Tyson showed notable improvement in profitability. Adjusted operating income rose 27% year-over-year to $515 million, and the company’s adjusted operating margin expanded to 3.8% from 3.1%.
Looking ahead, Tyson maintained a cautious but stable outlook. For fiscal 2025, the company expects adjusted operating income between $1.9 billion and $2.3 billion. Full-year sales are projected to remain flat or increase by up to 1% compared to fiscal 2024.
