Tyson said first-quarter sales for the quarter ended December 30, 2023 were $13,319 million, up 0.4% from a year earlier, and adjusted operating income (non-GAAP) was $411 million, down 9%.

1. 01

   Tyson said first-quarter sales for the quarter ended December 30, 2023 were $13,319 million, up 0.4% from a year earlier, and adjusted operating income (non-GAAP) was $411 million, down 9%.

2. 02

   The company said first-quarter GAAP operating income was $231 million, down 51% from the prior year, GAAP EPS was $0.30, down 66%, and adjusted EPS (non-GAAP) was $0.69, down 19%.

3. 03

   Tyson reported first-quarter segment operating income, with Beef posting an operating loss of $(206) million (compared with operating income of $166 million a year earlier) and Chicken posting operating income of $177 million (compared with $69 million).

4. 04

   The company said cash provided by operating activities for the three months ended December 30, 2023 was $1,300 million ($762 million a year earlier), and liquidity was approximately $3.7 billion as of December 30, 2023.

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Original filing

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