Tyson Foods sees 2024 revenue relatively flat vs. 2023, consensus $54.42B

The company said, “We expect capital expenditures between $1.0 billion and $1.5 billion for fiscal 2024. Capital expenditures include investments in profit improvement projects as well as projects for maintenance and repair. This includes completion of capacity expansion projects as well as new equipment; automation technology; and processes for product innovation. We expect net interest expense to approximate $400 million for fiscal 2024. We expect total liquidity, which was approximately $3.0 billion as of September 30, 2023, to remain above our minimum liquidity target of $1.0 billion. We currently expect our adjusted effective tax rate to be around 23% for fiscal 2024.”