Vending

Tyson improves sales, earnings for Q4 2021

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November 16, 2021

Tyson Foods Inc. improved sales and earnings for the quarter ending Oct. 2, 2021 compared to the prior year.

Sales rose 11.8% from $11.45 billion in Q4 2020 to $12.81 billion in Q4, 2021.

Income rose from $657 million to $1.36 billion for the comparative quarters.

Class A basic income per share rose from $1.83 to $3.81 while diluted income per share rose from $1.79 to $3.71. Adjusted net income per share rose from $1.70 to $2.30.

Sales rose from $43.2 billion in the 12 months ending Oct.3, 2020 to $47.05 billion for the 12 months ending Oct. 2, 2021. Net income rose from $2.07 billion to $3.06 billion in the comparable 12-month periods.

The $12.81 billion in quarterly revenue beat analyst expectations by $120 million, while the non-GAAP EPS of $2.30 beat expectations by 8 cents and the GAAP EPS of $3.71 beat expectations by $1.51, according to Seeking Alpha.

Shares traded at $84.11 Monday against a 52-week range of $60.52-$84.82.

"We delivered double digit sales and earnings growth during the fourth quarter and full year, and our performance was supported by our diverse portfolio and continued strength in consumer demand for protein," Donnie King, president and CEO of Tyson Foods, said in the press release. "We delivered a record performance in our beef segment and experienced share gains in our retail core business lines, which include our Tyson, Jimmy Dean, Hillshire Farm and Ball Park iconic brands, while supporting the continued recovery in foodservice."

For fiscal 2022, the U.S. Department of Agriculture indicates domestic protein production (beef, pork, chicken and turkey) should increase slightly as compared to fiscal 2021 levels.