Tyson Foods Q1 2023 Financial Results
Sales, AOI and EPS performance
First Quarter 2023 vs First Quarter 2022
SALES
(in millions of dollars)
$12,933
+3%
$13,260
ADJUSTED OPERATING INCOME 1
(in millions of dollars)
$1,432
ADJUSTED EPS1
(in dollars per share)
-68%
$453
$2.87
-70%
$0.85
1Q22
1Q23
•
•
Chicken and Prepared Foods drove sales growth
Volumes up 0.8% driven by all segments except
Pork
•
Average sales price up 1.7% due to recovery
actions to address cost of goods increases partially
offset by a decline in Beef average sales price
1Q22
1Q23
Both lower Revenue and higher COGS in Beef and
Pork drove the decrease in adjusted operating
margin
1Q22
1Q23
Lower operating income led to the decrease in
adjusted EPS
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
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