Tyson forecasts another year of sales growth

Core Insights - Tyson Foods is forecasting a 2-4% increase in net sales for the new financial year starting September 28, following a 2.1% growth in sales to $54.44 billion in the previous year [1][3] Financial Performance - The company reported a 22% decline in operating income to just under $1.1 billion, attributed to larger operating losses in the beef and pork divisions, legal contingency accruals, and an impairment in the beef business [2] - Adjusted operating income was reported at $2.29 billion, reflecting a 26% increase from the previous year [2] - Annual net income attributable to the business decreased to $474 million from $800 million the prior year [3] Division Performance - The beef division is expected to incur an adjusted operating loss of $400-600 million in the new financial year [3] - Forecasted adjusted operating income for the pork division is between $150-250 million, for chicken is $1.25-1.5 billion, and for prepared foods is $950 million to $1.06 billion [4]