Financial Data and Key Metrics Changes - The company reported a 20% increase in sales for Q4 and an 11% increase for the full year, driven largely by higher average sales prices [9][24] - Operating income for Q4 was nearly $1.2 billion, up 26%, and for the full year, it improved to nearly $4.3 billion, up 42% [10][24] - Earnings per share (EPS) for Q4 grew 35% to $2.30, while the full-year EPS increased 53% to $8.28 [10][24] Business Line Data and Key Metrics Changes - The Beef segment saw sales over $5 billion for Q4, up 26%, with operating income of $1.1 billion, reflecting strong demand and higher cutout margins [27][28] - The Pork segment's sales were over $1.6 billion for Q4, up 30%, but operating income declined 52% due to higher costs [29] - Prepared Foods sales reached $2.3 billion for Q4, up 7%, but total volume was down 5.7% due to labor challenges [30] - The Chicken segment reported sales of $3.9 billion for Q4, up 21%, with volumes improving 1.3% despite labor challenges [31] Market Data and Key Metrics Changes - Retail sales drove over $1 billion of top-line improvement, while food service channel sales increased by $1.6 billion [25] - Export sales were nearly $1 billion stronger than the prior year, leveraging global scale [25] Company Strategy and Development Direction - The company is focused on enhancing its portfolio and capacity to better serve demand, with plans to invest $2 billion in fiscal 2022, primarily in new capacity and automation [23][36] - A new productivity program aims to deliver $1 billion in recurring savings by the end of fiscal 2024, targeting operational excellence and digital solutions [15][36] - The company aims to restore chicken segment operating margins to 5% to 7% by mid-fiscal 2022 [17][38] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in overcoming labor challenges and expects to grow total company volumes by 2% to 3% in fiscal 2022 [11][21] - The company is optimistic about strong consumer demand and a diverse portfolio to capitalize on market opportunities [21][23] - Management acknowledged inflationary pressures but emphasized successful pricing strategies to offset costs [9][10] Other Important Information - The company has made significant investments in team member safety and well-being, including raising wages to an average of $24 per hour [14][82] - The company is committed to returning cash to shareholders through dividends and share buybacks, with a recent increase in the annual dividend payment [35] Q&A Session Summary Question: Regarding productivity savings and their impact on the bottom line - Management indicated that they aim to drive as much of the productivity savings as possible to the bottom line, with assumptions already embedded in segment guidance [45] Question: On cash balance and M&A versus share repurchase - Management discussed a potential cash build despite increased capital expenditures, with a focus on paying down debt and managing working capital [46][47] Question: Labor challenges and volume output - Management acknowledged labor shortages but noted improvements in staffing and capacity expansion efforts, expressing optimism for 2022 [58] Question: Prepared Foods margin guidance - Management indicated that inflationary pressures are expected to continue impacting margins in the first half of 2022, with improvements anticipated in the second half [60] Question: Consumer response to pricing increases - Management reported strong demand despite price increases, with elasticity remaining less than historical models predicted [68] Question: Chicken initiatives and capacity expansion - Management confirmed that the target EBITDA margin of 5% to 7% is a waypoint, with ongoing efforts to improve volume and efficiency [73]

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K 001-14704 (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 C ...

Tyson Foods Inc. (NYSE:TSN) Q3 2021 Earnings Conference Call August 9, 2021 9:00 AM ET Company Participants Donnie King - President, Chief Executive Officer Stewart Glendinning - Executive Vice President, Chief Financial Officer Megan Britt - Vice President, Investor Relations Conference Call Participants Peter Galbo - Bank of America Ken Zaslow - Bank of Montreal Ben Theurer - Barclays Robert Moskow - Credit Suisse Ben Bienvenu - Stephens Adam Samuelson - Goldman Sachs Alexia Howard - Bernstein Operator ...

Tyson — Q3 Fiscal 2021 Supplemental Information August 9, 2021 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 2021, other future economic circumstances, industry conditions in domestic and international markets, our performance and financial results (e.g., deb ...

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 3, 2021 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) _____________ ...

— Q2 Fiscal 2021 Supplemental Information May 10, 2021 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 2021, other future economic circumstances, industry conditions in domestic and international markets, our performance and financial results (e.g., debt levels ...

Tyson Foods, Inc. (NYSE:TSN) Q2 2021 Earnings Conference Call May 10, 2021 9:00 AM ET Company Participants Megan Britt - Vice President, Investor Relations Dean Banks - President & Chief Executive Officer Donnie King - Group President Poultry & Chief Operating Officer Stewart Glendinning - Executive Vice President & Chief Financial Officer Conference Call Participants Ben Theurer - Barclays Ken Goldman - JPMorgan Alexia Howard - Bernstein Adam Samuelson - Goldman Sachs Ben Bienvenu - Stephens Ken Zaslow - B ...

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 3, 2021 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) ____________ ...

Financial Performance - Sales for the first quarter of 2021 were $108 billion[57] - Adjusted EPS increased by 28%[19] - Volumes were down by 44%[17] - Average sales price increased by 24%[17] - Operating cash flows reached $14 billion[51] Segment Results - Prepared Foods sales decreased by 1% to reach $1 billion, but adjusted operating income increased by 48%[23] - Chicken sales decreased by 14%, while adjusted operating income increased by 33%[30] - Beef sales increased by 4%, and adjusted operating income increased by 45%[39] - Pork adjusted operating income decreased by 40%[48] Key Factors and Outlook - The company anticipates approximately $440 million in COVID-19 related costs[57] - Capital expenditures are projected to be between $13 billion and $15 billion[57] - Net interest expense is expected to be around $430 million, reflecting a $750 million term loan repayment in Q2 2021[57] - The company's greenhouse gas reduction target is 30% by 2030[10]

Financial Data and Key Metrics Changes - The company reported sales of $10.5 billion for Q1 2021, slightly down from the same period last year, primarily due to reduced foodservice volumes, partially offset by higher retail volumes [32] - Operating income exceeded $1 billion, up 24% year-over-year, with an operating income margin of 9.5% [33] - Earnings per share increased by approximately 28% to $1.94 [33] - Direct incremental COVID-19 costs incurred during the quarter totaled $120 million, which were not adjusted out of results [34] Business Line Data and Key Metrics Changes - **Prepared Foods**: Sales were $2.1 billion, roughly flat year-over-year, with segment operating income up 48% to $266 million, driven by strong retail performance [38] - **Chicken**: Sales were $2.8 billion, down 14% year-over-year, with operating income up 33% to $104 million [41] - **Beef**: Sales increased by 4% to approximately $4 billion, with operating income up 45% to $528 million [46] - **Pork**: Sales were $1.4 billion, up about 4%, but operating income decreased by 40% to $116 million [48] Market Data and Key Metrics Changes - Retail volume growth was strong, with 10 consecutive quarters of growth and four straight quarters of double-digit expansion [20] - E-commerce sales grew by 89% in the latest 13 weeks, equating to approximately $330 million [21] - Foodservice volumes were still down relative to pre-COVID-19 levels, but recovery is expected as vaccination efforts progress [22] Company Strategy and Development Direction - The company is focused on operational excellence and disciplined cost management, with significant investments in health and safety for team members [11][12] - A commitment to sustainability and social responsibility is emphasized, with goals to reduce greenhouse gas emissions by 30% by 2030 [16] - The company is investing approximately 60% of capital expenditures towards growth objectives, including automation technology and capacity expansion [30][56] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the company's ability to navigate market volatility and adapt to changing consumer demands [11] - The outlook for fiscal 2021 anticipates annual revenues at the top end of the previous range of $42 billion to $44 billion, with improved operating margins in Prepared Foods and lower margins in Pork [55] - Key risks include rising grain costs, labor availability, and raw material costs [56] Other Important Information - The company has made substantial investments in health and safety, with ongoing COVID-19 costs expected to total approximately $440 million for the year [59] - The company ranked number one in the Food Production category on Fortune magazine's 2021 World's Most Admired Companies list [18] Q&A Session Summary Question: Guidance on Chicken business and grain costs - Management acknowledged rising grain costs as a significant factor affecting Chicken margins and emphasized ongoing investments to improve operational performance [66][74] Question: Renewable diesel industry impact - Management highlighted the company's strong position in rendering and partnerships to supply feedstock for renewable diesel production [70] Question: Prepared Foods pricing ability - Management noted strong consumer interest in food spending, allowing for some cost pass-through, but acknowledged challenges in certain costs [78] Question: Chicken operational improvements - Management indicated that operational improvements are expected to materialize in the second half of the year, with a focus on enhancing productivity and service levels [76][80] Question: Beef guidance improvement - Management reported strong demand across all channels for Beef, with favorable supply dynamics expected to continue [85][99]