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.

關於亞太區皮革展 ​

我們為皮革、物料及時裝業界創造面對面洽談的機會,爲客戶締造實質商機。我們雲集世界各地的商家,讓他們尋找新的合作伙伴,發掘潛在客戶或供應商,並掌握業界最新發展。

 

我們主辦多個專注時尚及生活潮流的商貿展覽會, 為這不斷變化的行業,提供最全面的買家及參展商服務,方便他們了解急速轉變的行業環境,並預測來季趨勢。

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