Tyson Foods raises 2024 earnings outlook on Q2 profits beating estimates, driven by US meat industry rebound.

Tyson Foods raised its 2024 earnings outlook after posting Q2 profits that beat analyst estimates, driven by a rebound in the US meat industry. The company reported adjusted net income of 62 cents a share, up from a loss of 4 cents a share a year earlier. Tyson now expects to make $1.4-1.8bn in operating income in FY2024, up from a previous forecast range of $1-1.5bn. The company's chicken business is expected to contribute significantly to the additional gain.

May 06, 2024
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