Tyson Foods(US:TSN)2021-11-16 19:55Financial 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]