For the full fiscal year, sales rose 2.1% to US$54.44 billion, or 3.3% excluding US$653 million in legal contingency accruals. During the fourth quarter, sales increased 2.2% to US$13.86 billion, or 4.8% excluding US$355 million in legal accruals.
The beef segment saw full-year sales decline modestly, with volume down 1.9% and average prices up 9%, producing US$21.62 billion in sales. In the fourth quarter, the segment reported a volume decline of 8.4% but a strong 17% increase in prices, with sales reaching US$5.48 billion.
President and CEO Donnie King said the results demonstrated the resilience of Tyson’s diversified operating model. “We delivered year-on-year growth in sales, adjusted operating income and adjusted earnings per share, reflecting the strength of our multi-protein, multi-channel portfolio,” he said. “We remain focused on continuously improving the controllable aspects of our business and delivering shareholder value.”
