Tyson Foods rises after FY revenue growth forecast raise

Shares of meat packer Tyson Foods TSN.N up 5% at $54.89 premarket, after co raises annual revenue growth forecast

TSN expects fiscal 2025 revenue to rise between 2% and 3% vs prior forecast of flat to 1% growth

Co raises chicken segment's adjusted operating income forecast to range of $1.3 billion to $1.4 billion vs $1 billion to $1.3 billion.

However, co expects its beef business to face losses

Co also beats quarterly profit and revenue estimates, benefiting from resilient demand for its chicken and packaged food segment

As of last close, TSN stock down 8.55% YTD