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Investing.com -- Tyson Foods (NYSE:TSN) saw its shares pop around 4% in premarket trading Monday after the food processing giant reported earnings and revenue that beat analyst forecasts.
The company reported fiscal Q3 earnings per share (EPS) of $0.91, ahead of the consensus projection of $0.81. Revenue for the period climbed 4% to $13.88 billion, also beating the $13.54 billion consensus forecast.
Adjusted operating income totaled $505 million, a 3% increase from the same period last year.
The company posted a non-GAAP adjusted operating margin of 3.6%.
Tyson also said it has recorded a $343 million goodwill impairment charge in its Beef segment during the quarter.
"Our third quarter results demonstrate the strength of our multi-protein, multi-channel portfolio and our relentless focus on operational excellence," said Donnie King, President & CEO of Tyson Foods.
"Delivering our fifth consecutive quarter of year-over-year growth across sales, adjusted operating income and adjusted earnings per share underscores the resilience of our business model."
For the full fiscal 2025, Tyson Foods expects revenue to rise between 2% and 3% compared with fiscal year 2024.
Adjusted operating income is forecast in the range of $2.1 billion to $2.3 billion, while free cash flow is expected to land between $1.0 billion and $1.3 billion.