The chart below shows how TSN performed 10 days before and after its earnings report, based on data from the past quarters. Typically, TSN sees a +2.61% change in stock price 10 days leading up to the earnings, and a +0.51% change 10 days following the report. On the earnings day itself, the stock moves by -3.93%. This data can give you a slight idea of what to expect for the next quarter's release.
Positive
Record Operating Income and EPS: Adjusted operating income and adjusted earnings per share were both the best results in the past eight quarters, and both more than doubled compared to Q4 last year.
Significant AOI and EPS Growth: Full-year AOI of more than $1.8 billion, nearly doubled versus fiscal 2023, while adjusted EPS of $3.10 increased more than 130%.
Free Cash Flow Surge: Free cash flow increased by more than $1.6 billion versus last year and came in at more than twice the dividend this year.
Net Sales Increase: Total company net sales were up 1.6% year-over-year in Q4 and 0.8% for fiscal '24.
Chicken Profitability Improvement: A significant improvement in chicken profitability was the largest driver of year-over-year growth for both the quarter and the full year.
Negative
Revenue Decline Analysis: Q4 revenue declined 1.2% versus last year, driven by lower retail volume.
Prepared Foods Profitability Growth: In prepared foods, A.O.I. growth was over $100 million compared to the five-year average from fiscal '19 to '23, and its share of overall profitability has increased from a quarter to a half.
Strongest Quarterly Results: Q4 adjusted operating income of $512 million, margin of 3.8%, and adjusted EPS of $0.92 were the strongest quarterly results this year, all more than doubling versus Q4 of '23.
Beef Revenue Increase: In beef, revenue is up 4.6% year-over-year in the quarter, primarily due to volume, driven by higher average carcass weights and higher head throughput.
Revenue Increase, A.O.I. Decrease: While revenue increased, A.O.I. decreased, primarily reflecting compressed spreads as expected.
Tyson Foods, Inc. (TSN) Q4 2024 Earnings Call Transcript
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