7 February 2023

Meatpacker and hide processor, Tyson has reported Q1 sales of US$13.26 billion up 2.5% compared with the same period last year, reports ILM.


However, GAAP operating income was US$467 million down 68% compared with the prior year and operating margins were 3.5%. The company also repurchased 4.9 million shares for US$313 million.

“We executed our strategy in Q1, growing volume, improving staffing levels, investing in automation and building inventory to meet customer demand, all while maintaining a focus on liquidity and financial health,” said Tyson Foods President and CEO Donnie King. “The strength of our retail brands, including Tyson, Jimmy Dean, Hillshire Farm, and Ball Park, was demonstrated by the growth in Prepared Foods, most notably with Jimmy Dean ending the quarter at its all-time highest volume share. Our advantaged brands in advantaged categories uniquely position us to win in the marketplace.”

For fiscal 2023, the United States Department of Agriculture (USDA) indicates domestic protein production (beef, pork, chicken and turkey) should be relatively flat compared to fiscal 2022 levels. The USDA projects domestic beef production will decrease by approximately 5% in fiscal 2023 as compared to fiscal 2022. Tyson anticipates an adjusted operating margin of 2% to 4% in fiscal 2023 as margins are expected to decrease from historically high levels.

关于亚太区皮革展 ​

我们为皮革、物料及时装业界创造面对面洽谈的机会,为客户缔造实质商机。我们云集世界各地的商家,让他们寻找新的合作伙伴,发掘潜在客户或供应商,并掌握业界最新发展。

 

我们主办多个专注时尚及生活潮流的商贸展览会, 为这不断变化的行业,提供最全面的买家及参展商服务,方便他们了解急速转变的行业环境,并预测来季趋势。

社交媒体:​

联络我们: