Tyson Foods, Inc. (NYSE: TSN) shares began Tuesday heavily in the green, as the company one of the world’s largest food companies and a recognized leader in protein with leading brands including Tyson, Jimmy Dean, Hillshire Farm, Ball Park, Wright, Aidells, ibp and State Fair, reported the following results:
Fourth-quarter sales proved to be $13,565 million, up 1.6% from prior year. GAAP operating income was $525 million, up $988 million from prior year. Adjusted operating income of $512 million, up 117% from prior year
GAAP EPS of $1.00, up $2.31 from prior year. Adjusted EPS of $0.92, up 149% from prior year
Total Company GAAP operating margin of 3.9%. Total Company adjusted operating margin (non-GAAP) of 3.8%
Tyson also reported liquidity of approximately $4.0 billion as of September 28.
In the words of CEO Donnie King, “We delivered significant improvement in profitability for the fourth quarter and full year. We also strengthened our financial position, with solid cash flow generation and a substantial reduction of our net leverage ratio.
“Looking ahead, we are optimistic about our outlook and our ability to deliver long-term value to our shareholders. Our multi-protein, multi-channel portfolio, combined with our best-in-class team, iconic brands and focus on operational excellence positions us well for Fiscal 2025 and beyond.”
TSN vaulted $4.91, or 8.4%, to $63.73.