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Tyson Foods forecasts downbeat annual revenue on lower pork prices, slowing chicken demand
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Tyson Foods forecasts downbeat annual revenue on lower pork prices, slowing chicken demand
Nov 12, 2024 5:14 PM

Nov 12 (Reuters) - Tyson Foods ( TSN ) forecast

full-year revenue below Wall Street expectations on Tuesday,

weighed down by slowing chicken demand and lower pork prices.

Sales in Tyson's chicken segment rose 2.3% in the fourth

quarter, while prices were up 0.2% and volumes dropped 0.7%.

Tyson's pork segment saw volumes increase 3.2%, while prices

fell 6.9%.

The company expects fiscal 2025 revenue to be between flat

and down 1%. Analysts had expected 1.8% growth to $54.09

billion, according to data compiled by LSEG.

Tyson Foods' ( TSN ) net sales rose 1.6% to $13.57 billion in the

fourth quarter, compared with the average analyst estimate of

$13.39 billion.

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