{"id":755783,"date":"2023-05-08T06:58:03","date_gmt":"2023-05-08T10:58:03","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/tyson-foods-reports-second-quarter-2023-results\/"},"modified":"2023-05-08T06:58:03","modified_gmt":"2023-05-08T10:58:03","slug":"tyson-foods-reports-second-quarter-2023-results","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/tyson-foods-reports-second-quarter-2023-results\/","title":{"rendered":"Tyson Foods Reports Second Quarter 2023 Results"},"content":{"rendered":"

\nStrong branded food performance and continued focus on growth strategy
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SPRINGDALE, Ark., May 08, 2023 (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
(in millions, except per share data)<\/td>\n\n Second Quarter<\/strong>\n <\/td>\n\u00a0<\/td>\n\n Six Months Ended<\/strong>\n <\/td>\n<\/tr>\n
\u00a0<\/td>\n\u00a0<\/td>\n\n 2023<\/strong>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\n 2022<\/strong>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\n 2023<\/strong>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\n 2022<\/strong>\n <\/td>\n<\/tr>\n
Sales<\/td>\n$<\/td>\n13,133<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n13,117<\/td>\n\u00a0<\/td>\n$<\/td>\n26,393<\/td>\n\u00a0<\/td>\n$<\/td>\n26,050<\/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
Operating Income (Loss)<\/td>\n$<\/td>\n(49<\/td>\n)<\/td>\n\u00a0<\/td>\n$<\/td>\n1,156<\/td>\n\u00a0<\/td>\n$<\/td>\n418<\/td>\n\u00a0<\/td>\n$<\/td>\n2,611<\/td>\n<\/tr>\n
Adjusted1<\/sup>Operating Income (non-GAAP)<\/td>\n$<\/td>\n65<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n1,161<\/td>\n\u00a0<\/td>\n$<\/td>\n518<\/td>\n\u00a0<\/td>\n$<\/td>\n2,593<\/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 (Loss) Per Share Attributable to Tyson<\/td>\n$<\/td>\n(0.28<\/td>\n)<\/td>\n\u00a0<\/td>\n$<\/td>\n2.28<\/td>\n\u00a0<\/td>\n$<\/td>\n0.61<\/td>\n\u00a0<\/td>\n$<\/td>\n5.35<\/td>\n<\/tr>\n
Adjusted1<\/sup>Net Income (Loss) Per Share Attributable to Tyson (non-GAAP)<\/td>\n$<\/td>\n(0.04<\/td>\n)<\/td>\n\u00a0<\/td>\n$<\/td>\n2.29<\/td>\n\u00a0<\/td>\n$<\/td>\n0.82<\/td>\n\u00a0<\/td>\n$<\/td>\n5.16<\/td>\n<\/tr>\n<\/table>\n

\n 1<\/sup> The Company reports its financial results in accordance with U.S. generally accepted accounting principles (GAAP). As used in this table and throughout this earnings release, adjusted operating income (loss) and adjusted net income (loss) 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 Six Months Highlights<\/u>
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