Financial Performance Highlights - Tyson Foods reported a 20% increase in adjusted sales for Q4 2021 compared to Q4 2020[7], reaching $12.811 billion[29] - The company's adjusted operating income for Q4 2021 increased by 26% compared to Q4 2020[7], totaling $1.152 billion[31] - Adjusted earnings per share (EPS) saw a 35% increase in Q4 2021 compared to Q4 2020[7], reaching $2.30[32] - For the full fiscal year 2021, adjusted sales increased by 11% compared to fiscal year 2020[7], amounting to $47.049 billion[29] - Full fiscal year 2021 adjusted operating income increased by 42% compared to fiscal year 2020[7], reaching $4.288 billion[31] - Adjusted EPS for the full fiscal year 2021 increased by 53% compared to fiscal year 2020[7], reaching $8.28[32] Volume and Pricing Trends - Total company volume decreased by 4% in Q4 2021 but was only slightly down for the full fiscal year 2021[30] - The average sales price increased by 24.2% in Q4 2021 and 13.2% for the full fiscal year 2021, driven by improved product mix and price recovery to offset cost inflation[30] Segment Performance - Beef segment adjusted sales increased by 17% for the full fiscal year 2021[45], reaching $17.999 billion[45], with adjusted operating income increasing by 109%[48], reaching $3.240 billion[48] - Pork segment adjusted sales increased by 25% for the full fiscal year 2021[56], reaching $6.277 billion[56], but adjusted operating income decreased by 41%[58], to $328 million[58] - Prepared Foods adjusted sales increased by 6% for the full fiscal year 2021[62], reaching $8.853 billion[62], while adjusted operating income decreased by 11%[66], to $672 million[66] - Chicken segment adjusted sales increased by 6% for the full fiscal year 2021[75], reaching $13.733 billion[75], but adjusted operating income decreased by 84%[77], to $24 million[77] Future Outlook - Tyson Foods projects sales in the range of $49 billion to $51 billion for fiscal year 2022, representing a 5-7% sales growth[87] - The company aims for productivity savings of $300 million to $400 million in fiscal year 2022[87]

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]