Tyson Foods Q1 2023 Financial Results

Strength of Retail Brands drives growth in Prepared Foods First Quarter 2023 vs First Quarter 2022 $2,333 SALES (in millions of dollars) +9% $2,538 ADJUSTED OPERATING INCOME1 (in millions of dollars) $186 +43% $266 HIGHLIGHTS Sales volume increased driven by the strength of our retail brands and improved order fulfillment o Average sales price increased due to pricing actions taken in prior periods, capitalizing on brand pricing power 。 Operating income increased driven by topline growth and productivity savings 1Q22 1Q23 1Q22 1Q23 Sales Development Volume Price Adj Operating Margin¹ 1Q22 1Q23 1Q23 vs 1Q22 ↑ 1.2% ↑ 7.6% 8.0% 10.5% PLATES PROSCIUTTO BENOA SALAME PLATES HILLSHIR SNACKING- Jimmy Dean BREAKFAST BOWL Meat Lovers Potatoes, Sausage, Eggs, ddar Cheese acon HARGA Jimmy Dean -MORNING- COMBOS HILLS Jimmy Dean Simple Scrambler Turkey Sausage 3q MAPLE PANCAKES SAGE BITES 1 Represents a non-GAAP financial measure. Adjusted EPS, adjusted operating income and adjusted operating margin are explained and reconciled to comparable GAAP measures in the Appendix. TYSON FOODS, INC. FEBRUARY 6, 2023 18

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