Tyson Foods raised its annual revenue forecast and reported better-than-expected quarterly earnings on Monday as consumers' increased appetite for chicken helped offset steep losses in its beef business.

Tyson Foods lifted its sales guidance for the fiscal year after driving past revenue expectations for the third quarter with higher prices and largely stable volumes.

Operating earnings, excluding some items, are expected to range from $2.1 billion to $2.3 billion in fiscal year 2025, an increase of $100 million at the midpoint from the prior guidance range, Tyson said in a statement.