Tyson Foods Gains Fueled by Chicken Demand

about 1 month ago

Denita Sokova

"it's up 3% ticker is TSN. It's based on chicken. Higher demand for chicken has been uh boosting the company. It's the second largest source of revenue and we've seen that in a few quarters in a row and this happened in the fourth quarter as well. It has offset the losses from the beef part of the business. The company also forecast total sales growth of about two to 4% and that implies revenue that is topping analyst expectations. The beef loss we were talking about is about 400 million to 600 million next year which is not far from what they had this year."

The commentary highlights TSN's positive performance driven by rising chicken demand which has helped offset beef-related losses. The forecast of 2-4% total sales growth is noted as exceeding analyst expectations despite continuing challenges in the beef segment.

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