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Tyson Foods(TSN) - 2023 Q4 - Annual Report
2023-11-12 16:00
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K (Commission File Number) ______________________________________________ TYSON FOODS, INC. (Exact name of registrant as specified in its charter) ______________________________________________ Delaware 71-0225165 (State or other jurisdiction of incorporation or organization) (I.R.S. Employer Identification No.) 2200 West Don Tyson Parkway, Springdale, Arkansas 72762-6999 (Address of principal executive offices) (Zip Code) (479) ...
Tyson Foods(TSN) - 2023 Q3 - Quarterly Report
2023-08-09 16:00
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☒ Quarterly Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 For the quarterly period ended July 1, 2023 or ☐ Transition Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 For the transition period from to 001-14704 (Commission File Number) ______________________________________________ TYSON FOODS, INC. (Exact name of registrant as specified in its charter) _____________ ...
Tyson Foods(TSN) - 2023 Q3 - Earnings Call Transcript
2023-08-07 17:29
Our next question comes from Benjamin Theurer from Barclays. Please go ahead with your question. Donnie King Sure, I think there's a couple things to say on that. I mean, we've been pretty consistent going back to the last year talking about capacity utilization as a driver for profitability in this business. And we were in the low 80s in '22. And so, with the balance of growing our business and rationalizing some of the footprint, we have feel as though we've now optimized the network and continue to push ...
Tyson Foods(TSN) - 2023 Q3 - Earnings Call Presentation
2023-08-07 12:40
August 7, 2023 — 3Q Fiscal 2023 Supplemental Information Forward-Looking Statements Certain information in this presentation constitutes forward-looking statements as contemplated by the Private Securities Litigation Reform Act of 1995. Such forward-looking statements include, but are not limited to, current views and estimates of our outlook for fiscal 2023, other future economic circumstances, industry conditions in domestic and international markets, our performance and financial results (e.g., debt leve ...
Tyson Foods(TSN) - 2023 Q2 - Earnings Call Presentation
2023-05-17 17:01
— 2Q Fiscal 2023 Supplemental Information May 8, 2023 Forward-Looking Statements Certain information in this presentation constitutes forward-looking statements as contemplated by the Private Securities Litigation Reform Act of 1995. Such forward-looking statements include, but are not limited to, current views and estimates of our outlook for fiscal 2023, other future economic circumstances, industry conditions in domestic and international markets, our performance and financial results (e.g., debt levels, ...
Tyson Foods(TSN) - 2023 Q2 - Earnings Call Transcript
2023-05-08 17:38
I guess I wanted to start on the Chicken side. And I'm curious, kind of philosophically how you're thinking about growth and which is clearly the focus on growing the volumes versus balancing that with kind of the medium-term margin outlook. Have you changed at all your expectations on the back half Chicken volumes that you would expect to realize and just kind of philosophically how you think about that? Yes. If I can add to that, though, I think you asked specifically about how do we balance the profitabi ...
Tyson Foods(TSN) - 2023 Q2 - Quarterly Report
2023-05-07 16:00
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☒ Quarterly Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 For the quarterly period ended April 1, 2023 or ☐ Transition Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 For the transition period from to 001-14704 (Commission File Number) ______________________________________________ TYSON FOODS, INC. (Exact name of registrant as specified in its charter) ____________ ...
Tyson Foods(TSN) - 2023 Q1 - Earnings Call Transcript
2023-02-06 19:17
Financial Data and Key Metrics - Sales increased by 2.5% year-over-year, with record first-quarter revenue in Chicken, Prepared Foods, and International Other segments [74] - Adjusted operating income declined by $979 million compared to the prior year, driven by underperformance in Chicken, Pork, and Beef segments [81] - Chicken revenue increased by 9.6% year-over-year, driven by volume growth and pricing initiatives [30] - Beef revenue decreased by 5.6% year-over-year, with lower average sales prices offsetting increased volume [49] - Pork revenue decreased by 6% year-over-year, with volume declines offsetting higher average sales prices [50] - Prepared Foods revenue increased by 8.8% year-over-year, driven by volume growth and pricing actions [42] Business Line Data and Key Metrics - Chicken segment sales reached a record $4.3 billion, up 9.6% year-over-year, with volume up 2.5% and pricing up 7.1% [51] - Beef segment sales were $4.7 billion, down 5.6% year-over-year, with volume up 2.9% but average sales price down 8.5% [49] - Pork segment sales were $1.5 billion, down 6% year-over-year, with volume down 7.4% and average sales price up 1.4% [50] - Prepared Foods segment sales were $2.5 billion, up 8.8% year-over-year, with volume up 1.2% and pricing up 7.6% [85] Market Data and Key Metrics - USDA projects Q2 chicken availability to be around 2%, significantly lower than the 77% increase in Q1 [2] - Beef availability is expected to decline by 4% to 5%, with cattle supplies tightening [2] - International business showed volume and sales growth, with expectations of improved profitability in fiscal 2023 [56] Company Strategy and Industry Competition - The company is focused on transforming team member experience, growing with customers, investing in digital and automation, restoring competitiveness in Chicken, and leveraging financial strength [28] - The company is modernizing operations with a productivity program aimed at delivering $1 billion in recurring savings [45] - The company is investing heavily in automation, including automated sandwich hand wrap and burrito assembly capabilities [33] - The company is optimizing its plant network and portfolio mix to maximize profitability, particularly in the Chicken segment [84] Management Commentary on Operating Environment and Future Outlook - The company expects Q2 to be softer but anticipates a recovery in Q3 and Q4 [3] - The company is optimistic about the long-term outlook for Beef, supported by strategic supplier relationships and growing global demand [82] - The company expects total company volume, revenue, and operating income to be stronger in the second half of the year compared to the first half [57] Other Important Information - The company returned nearly $500 million in cash to shareholders through dividends and share repurchases [55] - The company expects full-year margins for the Poultry business to be between 2% and 4%, with momentum building through the year [56] - The company is maintaining its total company sales guidance of $55 billion to $57 billion for fiscal 2023 [88] Q&A Session Summary Question: What caused the underperformance in the Chicken segment in Q1? - The underperformance was due to a combination of market dynamics, operational inefficiencies, and a miss in fresh chicken demand at retail [120] - The company had to resell excess fresh chicken at lower prices, impacting margins [120] Question: What is the outlook for the Beef segment? - The company expects Beef segment margins to be between 2% and 4% for the fiscal year, with long-term normalized margins expected to be between 5% and 7% [88] - The company is monitoring beef cutout value and balancing supply with customer demand during a period of margin compression [82] Question: How is the company managing risk with derivatives? - The company uses derivatives as a margin management tool rather than for speculative purposes, with coverage coordinated with sales forecasts [117] Question: What is the strategy for the International business? - The company is investing in international markets, particularly in Asia, with a focus on branded products and smart factories [100] - The company expects the International business to deliver improved profitability in fiscal 2023 [56]
Tyson Foods(TSN) - 2023 Q1 - Earnings Call Presentation
2023-02-06 19:09
— TM Tyson 1Q Fiscal 2023 Supplemental Information February 6, 2023 Forward-Looking Statements Certain information in this presentation constitutes forward-looking statements as contemplated by the Private Securities Litigation Reform Act of 1995. Such forward-looking statements include, but are not limited to, current views and estimates of our outlook for fiscal 2023, other future economic circumstances, industry conditions in domestic and international markets, our performance and financial results (e.g. ...
Tyson Foods(TSN) - 2023 Q1 - Quarterly Report
2023-02-05 16:00
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☒ Quarterly Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 For the quarterly period ended December 31, 2022 or ☐ Transition Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 For the transition period from to 001-14704 (Commission File Number) ______________________________________________ TYSON FOODS, INC. (Exact name of registrant as specified in its charter) ________ ...