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Tyson Foods (TSN) Q4 FY24 earnings results (fourth quarter fiscal 2024)
10-K filed Nov 12, 2024
Tyson Foods (TSN) reported revenue of $13.6B for the fourth quarter fiscal 2024 (Q4 FY24), +2% from a year earlier and +2% from the quarter before. Operating margin was 3.9%, net earnings $364M (2.7% of revenue).
Tyson Foods, Q4 FY24: revenue $13.6B (+2% year over year), operating margin 3.9%, net earnings $364M, operating cash flow $617M. The chart follows the revenue to costs, profit and cash.
| Q4 FY24 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $13.6B | +2% | +2% |
| Gross profit | $1.1B | +21% | +131% |
| Operating profit | $525M | +54% | — |
| Net earnings | $364M | +86% | — |
| Operating cash flow | $617M | -22% | +91% |
| Free cash flow | $369M | -31% | — |
What changed
Revenue was $13.6B in Q4 FY24, up 2% year over year and up 2% from the previous quarter.
Gross margin was 7.8%, up 4.4 points from a year earlier. Operating profit was $0.53B, a 3.9% margin (up 7.3 points year over year). Operating expenses fell 42% while revenue rose 2%. Net earnings were $0.36B. The effective tax rate was 23.4%.
Operating cash flow was $0.62B (up 91% year over year), 170% of net earnings. Non-cash charges added back $0.31B of depreciation and amortization. Working capital and other items used $0.05B. Capital expenditures of $0.25B left free cash flow of $0.37B.
Questions
What was Tyson Foods' revenue in the fourth quarter fiscal 2024?
Tyson Foods (TSN) reported revenue of $13.6B for the fourth quarter fiscal 2024 (Q4 FY24), +2% from a year earlier and +2% from the quarter before.
Was Tyson Foods profitable in the fourth quarter fiscal 2024?
Operating profit was $525M (3.9% of revenue) and net earnings $364M.
Source: Tyson Foods 10-K on SEC EDGAR.