{"id":525205,"date":"2021-08-09T07:37:16","date_gmt":"2021-08-09T11:37:16","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/tyson-foods-reports-third-quarter-2021-results\/"},"modified":"2021-08-09T07:37:16","modified_gmt":"2021-08-09T11:37:16","slug":"tyson-foods-reports-third-quarter-2021-results","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/tyson-foods-reports-third-quarter-2021-results\/","title":{"rendered":"Tyson Foods Reports Third Quarter 2021 Results"},"content":{"rendered":"

\nGenerates Increased Sales, Volume Growth and Strong Operating Results
\n<\/h2>\n
\n

SPRINGDALE, Ark., Aug. 09, 2021 (GLOBE NEWSWIRE) — Tyson Foods, Inc. (NYSE: TSN), one of the world\u2019s largest food companies and a recognized leader in protein with leading brands including Tyson, Jimmy Dean, Hillshire Farm, Ball Park, Wright, Aidells, ibp <\/em>and State Fair<\/em>, today reported the following results:<\/p>\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n
(in millions, except per share data)<\/td>\n\n Third Quarter<\/strong>\n <\/td>\n\u00a0<\/td>\n\n Nine Months Ended<\/strong>\n <\/td>\n<\/tr>\n
\u00a0<\/td>\n\n 2021<\/strong>\n <\/td>\n\u00a0<\/td>\n\n 2020 <\/strong>
\n
\n 1<\/strong>
\n <\/sup>\n <\/td>\n		\u00a0<\/td>\n\n 2021<\/strong>\n <\/td>\n\u00a0<\/td>\n\n 2020 <\/strong>
\n
\n 1<\/strong>
\n <\/sup>\n <\/td>\n<\/tr>\n
Sales<\/td>\n$<\/td>\n12,478\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n10,022\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n34,238\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n31,725\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
Operating Income<\/td>\n1,062\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n773\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n2,487\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n2,046\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
Net Income<\/td>\n753\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n526\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n1,702\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n1,414\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
Less: Net Income Attributable to Noncontrolling Interests<\/td>\n4\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u2014\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n10\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n7\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
Net Income Attributable to Tyson<\/td>\n$<\/td>\n749\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n526\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n1,692\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n1,407\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
Net Income Per Share Attributable to Tyson<\/td>\n$<\/td>\n2.05\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n1.44\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n4.63\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n3.85\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
Adjusted2<\/sup> Operating Income<\/td>\n$<\/td>\n1,372\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n758\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n3,136\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n2,099\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
Adjusted2<\/sup> Net Income Per Share Attributable to Tyson<\/td>\n$<\/td>\n2.70\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n1.40\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n5.98\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n3.72\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n<\/table>\n

\n 1<\/sup> Certain items for the third quarter and nine months of fiscal 2020 have been revised as described in Part I, Item 1. Notes to Consolidated Condensed Financial Statements in the Company’s Quarterly Report on Form 10-Q for the fiscal quarter ended July 3, 2021.<\/p>\n

\n 2<\/sup> The Company reports its financial results in accordance with U.S. generally accepted accounting principles (GAAP). Adjusted operating income and adjusted net income per share attributable to Tyson (Adjusted EPS) are non-GAAP financial measures. Refer to the end of this release for an explanation and reconciliation of these and other non-GAAP financial measures used in this release to comparable GAAP measures.<\/p>\n

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\n First Nine Months Highlights<\/u>
\n <\/strong>\n <\/p>\n