Tyson Foods Inc. (NYSE: TSN) reported fourth-quarter earnings that beat expectations, supported by sales growth, margin expansion, and stronger operating income. Shares gained nearly 2% in intra-day trading Monday.

The food producer posted adjusted earnings per share of $1.15, ahead of analyst estimates of $0.87. Revenue increased 2.2% year over year to $13.86 billion, slightly below the $14.13 billion consensus.

Adjusted operating income rose 19% to $608 million, while the adjusted operating margin improved to 4.3% from 3.8% a year earlier. The company said its multi-protein portfolio delivered mixed results, with the Chicken division leading growth, achieving a 10.1% operating margin.

For fiscal 2026, Tyson projected total adjusted operating income between $2.1 billion and $2.3 billion, with sales expected to rise 2%-4% from fiscal 2025 levels. The company also announced a 2% increase in its annual dividend.

The Chicken segment was forecast to generate adjusted operating income of $1.25 billion to $1.5 billion in fiscal 2026, while the Beef segment was expected to post an adjusted operating loss of $400 million to $600 million as market conditions remained challenging.