NEW YORK — Tyson Foods Inc. executives provided insights on their outlook for 2025 during the BMO Global Farm to Market Conference this week.

Donnie King, chief executive officer for Tyson, stated the company is at around $680 million in adjusted operating income for the first half of the year. He also mentioned a second consecutive quarter of volume growth for its chicken business.

“We grew in the quarter and the year, top line, bottom line, that feels really good,” King said during the conference. “But we’ve got more opportunity to grow. We’re looking to create greater capacity utilization even through — based on what we’ve done and work our assets a little harder and bump the return on invested capital and doing all those things.”

The company also wants to promote more value-added products for its portfolio.

“We’ve aligned ourselves with strategic customers, and we’re growing with them,” King said.

The company also discussed in its Q2 earnings adjusted operating income guidance for the chicken portion of the business at $1 billion and $1.3 billion for fiscal 2025.

The beef business also anticipates an adjusted operating loss between $200 and $400 million.

“Good news is we think we are now getting the herd rebuild,” King said at the conference about the beef business. “The bad news is we now have fewer cattle to harvest. That creates spread compression. What we’ve challenged the team to do is to control the controllables, to extract or to eliminate the waste within the business and find new and creative ways from procurement all the way through connecting with customers and consumers with value-added products.”

King explained that rebuilding the herd for the US beef sector could take up to 30 months.

Later in the discussion, King commented on the pork business for Tyson, which projects anticipated operating income of $100 to 200 million for the fiscal year.

“We got a great team leading that business today and the agility that you see in that business is something that I take great joy in watching,” he said of the Tyson pork business.

Under the prepared food business, King wanted to see if the company could grow certain areas where they have found success in the past.

“What we are doing is adding back foodservice volume,” King said. “We’re adding back some private label business for our customers.”

Curt Calaway, chief financial officer, was also participating in the presentation and commented on the capital expenditures for 2025, which were projected to be between $1 billion and $1.2 billion.

Calaway explained some of the priorities that Tyson will look at going forward, which will feature a variety of areas within the company.

“We’ve got a lot of capacity that we can fill,” he said. “But as we reach and look for that next evolution, it absolutely is centered around prepared foods, value-added branded items and certainly continuation of increasing our value-added portfolio in our chicken business.”

More details on Tyson’s Q2 earnings from May can be found here.