Tyson Foods Expects FY24 Revenue To Be Flat Y/Y, Adj. Operating Income $1.0B-$1.5B
Portfolio Pulse from Benzinga Newsdesk
Tyson Foods (TSN) forecasts fiscal 2024 revenue to be flat year-over-year, with adjusted operating income projected between $1.0 billion and $1.5 billion. Capital expenditures are expected to range from $1.0 billion to $1.5 billion, focusing on profit improvement, maintenance, capacity expansion, and innovation. Net interest expense is anticipated to be around $400 million, while liquidity is expected to stay above $1.0 billion.
February 05, 2024 | 12:33 pm
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Tyson Foods expects flat revenue growth in FY24 with adjusted operating income between $1.0B-$1.5B, capital expenditures of $1.0B-$1.5B, and net interest expense around $400M.
The forecast of flat revenue growth for Tyson Foods in FY24 suggests a neutral outlook, as there is no expected growth but also no decline. The projected operating income and capital expenditures indicate the company is maintaining its investment in growth and innovation, which could stabilize the stock. The net interest expense and strong liquidity position further support a stable outlook. However, the lack of revenue growth might limit any potential upside in the short term.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100