Tyson Foods(US:TSN)2021-02-12 19:07Financial 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]