Tyson Foods Q1 2023 Financial Results
Strengthening our position as a global protein leader
Imperatives
1
Transforming our team
member experience
Actions
Making investments in health,
safety, and well-being of
team members
Maintaining competitive
wages and innovative benefit
offerings like childcare and
in-house healthcare
Investing in team member
experience
2
Outpacing the market by
enhancing our portfolio
and capacity to serve
demand growth
Expanding capacity to meet
market demand
Leader in majority of our
retail core categories,
delivering both dollar and
pound share growth
Gaining share in foodservice
in value-added chicken and
breakfast sausage
3
Driving operational and
functional excellence and
purposefully investing in
digital and automation
On track to exceed the
promised $1 billion in
productivity program
savings in fiscal year 2023
Accelerating program
delivery and employing
programmatic approach to
automation across
organizational operations
4
Aggressively restoring our
competitiveness in
Chicken
Operational improvement
continues to deliver
improving internal
production
Focusing on optimization of
our portfolio to maximize
profitability
High single digit sales
growth versus 1Q22
5
Leveraging our
financial strength to invest
in the business and return
cash to shareholders
Invested $589M in capital
expenditures in 1Q23
Returned $482M in cash
to shareholders via
dividends and share
repurchases in 1Q23
TTyson
TYSON FOODS, INC. FEBRUARY 6, 2023
1 Represents a non-GAAP financial measure. Adjusted operating income and adjusted operating margin are explained and reconciled to comparable GAAP measures in the Appendix.
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