Tyson Foods, the maker of Jimmy Dean, Hillshire Farms, and Ball Park products, says its fiscal third-quarter sales rose year-over-year, and per-share earnings surged.
Sales in the three months ending on June 29 totaled $13.4 billion, up 1.6 percent from the same quarter in 2023. The company says revenue was up 0.5 percent to $39.7 billion in the first nine months of Tyson’s fiscal year. Third-quarter sales in the company’s beef segment rose to $5.24 billion from $4.96 billion, and pork sales increased by 10 percent to $1.46 billion. Meanwhile, chicken segment sales were down to $4.08 billion from $4.21 billion in the same quarter during the previous year.
Adjusted earnings jumped to $0.87 a share in the quarter, up from $0.15 a year earlier. For the nine months of the fiscal year ending June 29, earnings were $2.18 a share versus 97 cents the previous year.
