Tyson Foods Q1 2023 Financial Results
Sales improvement across all channels in Chicken and Prepared Foods
partially offset by declines in Beef and Pork
First Quarter 2023
$ millions
$12,933
$205
Retail
$373
-$279
Retail
Retail
$631
$13,260
-$97
$62
Foodservice
Retail
Export
Foodservice
Foodservice
Export
Industrial/
Other
Export
Foodservice
Industrial/
Other
Industrial/
Other
Channel Highlights
•
.
Retail improved by $324M, led
by increases in Chicken up
$248M and Prepared Foods up
$180M
Foodservice decreased $71M,
driven by Beef's decline of
$107M partially offset by the
increase in Chicken of $46M.
International² decreased $34M,
due to Beef's decline of $159M
offset by gains in Other of $62M,
Pork of $28M, and Chicken of
$25M
Industrial and other improved
$108M driven by Beef up $85M
and Chicken up $65M offset by
Pork down $48M
1Q22
Export
Industrial/
Other
Prepared Foods
Chicken
Beef
Pork
International/Other
Intersegment
1Q23
1 The amount of intersegment sales decreased on a year-over-year basis, which is an addition to total company sales
2 Includes sales to international markets for internationally produced products or export sales of domestically produced products
TYSON FOODS, INC. FEBRUARY 6, 2023
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