Tyson Foods(US:TSN)2024-08-05 12:09Financial Performance - Q3 2024 - Sales reached $13.14 billion, slightly down from $13.353 billion in Q3 2023[8] - Adjusted Operating Income increased significantly to $491 million, compared to $179 million in Q3 2023[8] - Adjusted EPS improved to $0.87 per share, a substantial increase from $0.15 per share in Q3 2023[8] Segment Performance - Prepared Foods sales increased by 2% to $2.432 billion, up from $2.383 billion in Q3 2023, but Adjusted Operating Income decreased to $203 million from $220 million[11] - Chicken segment sales decreased to $4.076 billion from $4.212 billion, but Adjusted Operating Income surged to $307 million from a loss of $63 million[11] - Beef sales increased to $5.241 billion from $4.956 billion, while Adjusted Operating Income decreased to $79 million from $92 million[13] - Pork sales increased to $1.462 billion from $1.324 billion, with Adjusted Operating Income improving to $22 million from a loss of $70 million[15] Financial Health & Guidance - The company generated strong operating cash flow year-to-date (YTD) of $1.429 billion[17] - Capital expenditures YTD totaled $884 million[17] - The company revised its FY24 guidance for Chicken Adjusted Operating Income to $850-950 million, up from the prior indication of $700-900 million[19] - The company expects net interest expense of approximately $395 million and an effective tax rate of 23-24% for FY24[19]