10:11 AM EDT, 08/04/2025 (MT Newswires) -- Tyson Foods ( TSN ) raised its full-year revenue guidance on Monday as the meat producer's fiscal third-quarter results exceeded Wall Street's expectations.

For fiscal 2025, the company is now guiding sales to grow 2% to 3% year over year, compared with its prior outlook of flat to up 1%. Analysts polled by FactSet are projecting sales to increase to $54.09 billion from the previous year's $53.31 billion.

Tyson expects its full-year adjusted operating income of $2.1 billion to $2.3 billion, lifting the bottom end of the previous outlook from $1.9 billion. The company reported adjusted operating income of $1.82 billion for fiscal 2024.

"We are raising our overall guidance based on our year-to-date performance and a solid outlook for the fourth quarter," Chief Financial Officer Curt Calaway said at an earnings call, according to a FactSet transcript.

The stock was up 3.2% intraday.

For the quarter ended June 28, adjusted per-share earnings surprisingly rose to $0.91 from $0.87 a year earlier, defying expectations for a drop to $0.80. Sales grew 4% to $13.88 billion, ahead of analysts' $13.54 billion view.

Beef sales increased to $5.6 billion from $5.24 billion a year earlier, while chicken revenue rose to $4.22 billion from $4.08 billion. Prepared food and pork sales also logged gains.

The results included a $343 million goodwill impairment charge in the beef segment, the company said in a statement.

"We continue to navigate the cattle cycle. Cattle supply is noticeably tighter than a year ago, which significantly compressed spreads in the quarter despite resilient consumer demand," Chief Executive Donnie King told analysts on the call. "We are managing this market environment with discipline, controlling what we can across the supply chain to meet customer needs."

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