NYSE$TSN
Tyson Foods Inc · Q4 2022 earnings
Q4 2022 earnings · · Investor relations
Briefing
Tyson Foods reported record annual sales and earnings performance, driven by strong consumer demand and improved performance in key segments.
Tyson Foods reported strong Q4 and fiscal year 2022 results, with record annual sales and earnings. The company's performance was supported by its diverse portfolio and continued strength in consumer demand for protein. The productivity program is ahead of schedule and expected to achieve $1 billion in recurring annual savings by the end of FY23.
- Delivered record sales and earnings for the full year, supported by a diverse portfolio and continued strength in consumer demand for protein.
- Results were supported by historically strong operations in the Beef segment and improved performance in the Chicken segment.
- Experienced share gains in both foodservice Focus 6 categories and retail core business lines, including Tyson, Jimmy Dean, Hillshire Farm and Ball Park brands.
- Productivity program, designed to deliver more than $1 billion in recurring annual savings by the end of 2024, has accelerated ahead of schedule and is now expected to be achieved by the end of FY23.
Headline financials
Revenue & EPS history
Tyson Foods · Revenue · Quarterly
$13.7B
Revenue by segment
Tyson Foods · $14.2B total across 5 segments · Q4 2022
- Beef$4.86B-3.1%34.1%
- Chicken$4.62B+19.3%32.4%
- Prepared Foods$2.52B+11.7%17.7%
- Pork$1.6B-2.6%11.3%
- International$638M+16.8%4.5%
Forward guidance
For fiscal 2023, USDA projects domestic protein production to decrease approximately 1% compared to fiscal 2022 levels. The company expects sales to be $55 billion to $57 billion and capital expenditures of approximately $2.5 billion.
Tailwinds
- USDA projects chicken production will increase approximately 2% in fiscal 2023 as compared to fiscal 2022.
- We anticipate an adjusted operating margin of 6% to 8% for fiscal 2023 in Chicken.
- We anticipate an adjusted operating margin of 8% to 10% in Prepared Foods in fiscal 2023 driven by volume growth, productivity and disciplined revenue management.
- We anticipate improved results from our foreign operations in fiscal 2023.
- We expect total liquidity, which was approximately $3.3 billion at October 1, 2022, to remain above our minimum liquidity target of $1.0 billion.
Headwinds
- USDA projects domestic protein production should decrease approximately 1% compared to fiscal 2022 levels.
- USDA projects domestic beef production will decrease approximately 6% in fiscal 2023 as compared to fiscal 2022.
- We anticipate an adjusted operating margin at or below the low end of our long-term range of 5% to 7% in fiscal 2023 in Beef as margins are expected to decrease from historically high levels.
- USDA projects domestic pork production will be relatively flat in fiscal 2023 as compared to fiscal 2022.
- We anticipate adjusted operating margin of 2% to 4% in Pork in fiscal 2023.
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 20 quarterly earnings reports · overlaid with Q4 2022
+0.6%
Avg return
Earnings day
+0.3%
Avg return
5 days after
-0.5%
Avg return
30 days after
58%
38 / 65 earnings
Positive
+15.8%
Q1 2016
Best reaction
-19.6%
Q2 2023
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q2 2026 | +0.2% | +7.4% | -11.3% | |
| Q1 2026 | +0.3% | -0.1% | -3.7% | |
| Q4 2025 | +2.3% | +2.5% | +9.5% | |
| Q2 2025 | -7.6% | -9.0% | -8.5% | |
| Q1 2025 | +2.2% | +2.6% | +7.5% | |
| Q4 2024 | +7.6% | +9.4% | +4.1% | |
| Q3 2024 | +0.5% | +0.8% | +7.3% | |
| Q2 2024 | -5.0% | -3.8% | -9.1% | |
| Q1 2024 | -1.7% | -6.7% | -5.3% | |
| Q4 2023 | +1.7% | +3.8% | +11.4% | |
| Q3 2023 | -2.5% | -2.2% | -8.7% | |
| Q2 2023 | -19.6% | -19.5% | -15.4% | |
| Q1 2023 | -4.1% | -5.7% | -8.6% | |
| Q4 2022 | -4.6% | -2.8% | -4.5% | |
| Q3 2022 | -8.6% | -6.5% | -15.5% | |
| Q2 2022 | +1.4% | -0.9% | -3.9% | |
| Q1 2022 | +11.8% | +11.0% | +2.7% | |
| Q4 2021 | +2.9% | +0.3% | +5.8% | |
| Q3 2021 | +11.9% | +15.2% | +7.1% | |
| Q2 2021 | +0.8% | +1.9% | -1.8% | |
| Q1 2021 | -5.4% | -5.2% | +9.0% | |
| Q4 2020 | +2.3% | -2.6% | +4.6% | |
| Q3 2020 | +6.0% | +2.2% | +3.2% | |
| Q2 2020 | -5.0% | +0.6% | +0.1% | |
| Q1 2020 | -4.5% | -3.7% | -23.1% | |
| Q4 2019 | +7.4% | +9.2% | +5.8% | |
| Q3 2019 | +6.6% | +10.8% | +7.9% | |
| Q2 2019 | +2.3% | +6.3% | +7.4% | |
| Q1 2019 | -2.6% | +0.8% | +3.1% | |
| Q4 2018 | -4.6% | -2.3% | -9.0% | |
| Q3 2018 | +3.7% | +4.2% | +8.2% | |
| Q2 2018 | -0.5% | +1.9% | +1.8% | |
| Q1 2018 | +2.0% | +1.8% | +3.1% | |
| Q4 2017 | +2.6% | +5.2% | +11.5% | |
| Q3 2017 | +2.7% | +3.6% | +2.6% | |
| Q2 2017 | -8.6% | -8.0% | -4.5% | |
| Q1 2017 | -1.1% | -0.5% | -5.3% | |
| Q4 2016 | -12.5% | -11.4% | -8.0% | |
| Q3 2016 | +1.1% | +2.3% | +2.2% | |
| Q2 2016 | +3.0% | — | — | |
| Q1 2016 | +15.8% | — | — | |
| Q4 2015 | +12.5% | — | — | |
| Q3 2015 | -6.2% | — | — | |
| Q2 2015 | +0.4% | — | — | |
| Q1 2015 | -1.6% | — | — | |
| Q4 2014 | +4.9% | — | — | |
| Q3 2014 | -0.9% | — | — | |
| Q2 2014 | -10.3% | — | — | |
| Q1 2014 | +4.4% | — | — | |
| Q4 2013 | +7.0% | — | — | |
| Q3 2013 | +7.7% | — | — | |
| Q2 2013 | -1.3% | — | — | |
| Q1 2013 | +3.2% | — | — | |
| Q4 2012 | +13.0% | — | — | |
| Q3 2012 | -4.1% | — | — | |
| Q2 2012 | +6.7% | — | — | |
| Q1 2012 | +2.8% | — | — | |
| Q4 2011 | -0.5% | — | — | |
| Q3 2011 | +2.5% | — | — | |
| Q2 2011 | -5.0% | — | — | |
| Q1 2011 | +2.4% | — | — | |
| Q4 2010 | +3.5% | — | — | |
| Q3 2010 | -6.2% | — | — | |
| Q2 2010 | -3.2% | — | — | |
| Q1 2009 | +7.9% | — | — |
Discussion
Share your read of this quarter. Sign-in carries your eToro identity.
Join the conversation
Sign in with eToro to post your read of this quarter and vote on others'.
Sign in with eToro