Tyson Foods Q1 FY25: Sales Top $13.7B

TL;DR

Tyson Foods Q1 FY25: $13.7B sales, $13.0B equity. Solid start.

AI Summary

Tyson Foods, Inc. filed its 10-Q for the period ending December 28, 2024. The company reported net sales of $13.7 billion for the first quarter of fiscal year 2025. Total assets were $23.5 billion, and total liabilities stood at $10.5 billion, resulting in total equity of $13.0 billion.

Why It Matters

This filing provides a snapshot of Tyson Foods' financial health and operational performance at the start of their fiscal year, impacting investor confidence and market valuation.

Risk Assessment

Risk Level: medium — The filing details significant financial figures, including sales, assets, and liabilities, which are subject to market fluctuations and operational risks inherent in the food processing industry.

Key Numbers

• $13.7B — Net Sales (First quarter of fiscal year 2025)
• $23.5B — Total Assets (As of December 28, 2024)
• $10.5B — Total Liabilities (As of December 28, 2024)
• $13.0B — Total Equity (As of December 28, 2024)

Key Players & Entities

• TYSON FOODS, INC. (company) — Filer of the 10-Q report
• 20241228 (date) — End of the reporting period
• $13.7 billion (dollar_amount) — Net sales for the first quarter of fiscal year 2025
• $23.5 billion (dollar_amount) — Total assets as of December 28, 2024
• $10.5 billion (dollar_amount) — Total liabilities as of December 28, 2024
• $13.0 billion (dollar_amount) — Total equity as of December 28, 2024

FAQ

Key Financial Figures

• $0.10 — tstanding Shares Class A Common Stock, $0.10 Par Value (Class A stock) 286,185,368

Filing Documents

• tsn-20241228.htm (10-Q) — 1433KB
• tsn2025q1exh-1001.htm (EX-10.01) — 53KB
• tsn2025q1exh-1002.htm (EX-10.02) — 154KB
• tsn2025q1exh-1003.htm (EX-10.03) — 57KB
• tsn2025q1exh-1004.htm (EX-10.04) — 57KB
• tsn2025q1exh-1005.htm (EX-10.05) — 44KB
• tsn2025q1exh-1006.htm (EX-10.06) — 55KB
• tsn2025q1exh-1007.htm (EX-10.07) — 64KB
• tsn2025q1exh-1008.htm (EX-10.08) — 66KB
• tsn2025q1exh-1009.htm (EX-10.09) — 66KB
• tsn2025q1exh-1010.htm (EX-10.10) — 50KB
• tsn2025q1exh-1011.htm (EX-10.11) — 27KB
• tsn2025q1exh-1012.htm (EX-10.12) — 193KB
• tsnq12025exh-1013.htm (EX-10.13) — 36KB
• tsn2025q1exh-311.htm (EX-31.1) — 8KB
• tsn2025q1exh-312.htm (EX-31.2) — 8KB
• tsn2025q1exh-321.htm (EX-32.1) — 5KB
• tsn2025q1exh-322.htm (EX-32.2) — 5KB
• image1.jpg (GRAPHIC) — 24KB
• image2.jpg (GRAPHIC) — 24KB
• imagea.jpg (GRAPHIC) — 21KB
• tsn-20241228_g1.jpg (GRAPHIC) — 147KB
• 0000100493-25-000007.txt ( ) — 11230KB
• tsn-20241228.xsd (EX-101.SCH) — 58KB
• tsn-20241228_cal.xml (EX-101.CAL) — 61KB
• tsn-20241228_def.xml (EX-101.DEF) — 550KB
• tsn-20241228_lab.xml (EX-101.LAB) — 720KB
• tsn-20241228_pre.xml (EX-101.PRE) — 670KB
• tsn-20241228_htm.xml (XML) — 1439KB

FINANCIAL INFORMATION

PART I. FINANCIAL INFORMATION PAGE

Financial Statements

Item 1. Financial Statements Consolidated Condensed Statements of Income for the Three Months Ended December 28 , 2024, and December 30 , 2023 1 Consolidated Condensed Statements of Comprehensive Income for the Three Months Ended December 28 , 2024, and December 30 , 2023 2 Consolidated Condensed Balance Sheets as of December 2 8 , 202 4 , and September 28 , 202 4 3 Consolidated Condensed Statements of Shareholders' Equity for the Three Months Ended December 28 , 2024, and December 30 , 2023 4 Consolidated Condensed Statements of Cash Flows for the Three Months Ended December 28 , 2024 and December 30, 2023 5 Notes to Consolidated Condensed Financial Statements 6

Management's Discussion and Analysis of Financial Condition and Results of Operations

Item 2. Management's Discussion and Analysis of Financial Condition and Results of Operations 24

Quantitative and Qualitative Disclosures About Market Risk

Item 3. Quantitative and Qualitative Disclosures About Market Risk 34

Controls and Procedures

Item 4. Controls and Procedures 35

OTHER INFORMATION

PART II. OTHER INFORMATION

Legal Proceedings

Item 1. Legal Proceedings 35

Risk Factors

Item 1A. Risk Factors 36

Unregistered Sales of Equity Securities and Use of Proceeds

Item 2. Unregistered Sales of Equity Securities and Use of Proceeds 36

Defaults Upon Senior Securities

Item 3. Defaults Upon Senior Securities 36

Mine Safety Disclosures

Item 4. Mine Safety Disclosures 36

Other Information

Item 5. Other Information 37

Exhibits

Item 6. Exhibits 37

FINANCIAL INFORMATION

PART I. FINANCIAL INFORMATION

Financial Statements

Item 1. Financial Statements TYSON FOODS, INC. CONSOLIDATED CONDENSED STATEMENTS OF INCOME (In millions, except per share data) (Unaudited) Three Months Ended December 28, 2024 December 30, 2023 Sales $ 13,623 $ 13,319 Cost of Sales 12,528 12,496 Gross Profit 1,095 823 Selling, General and Administrative 515 592 Operating Income 580 231 Other (Income) Expense: Interest income ( 25 ) ( 10 ) Interest expense 120 105 Other, net 7 ( 25 ) Total Other (Income) Expense 102 70 Income before Income Taxes 478 161 Income Tax Expense 112 47 Net Income 366 114 Less: Net Income Attributable to Noncontrolling Interests 7 7 Net Income Attributable to Tyson $ 359 $ 107 Net Income Per Share Attributable to Tyson: Class A Basic $ 1.03 $ 0.31 Class B Basic $ 0.93 $ 0.28 Diluted $ 1.01 $ 0.30 See accompanying Notes to Consolidated Condensed Financial Statements. 1 TYSON FOODS, INC. CONSOLIDATED CONDENSED STATEMENTS OF COMPREHENSIVE INCOME (In millions) (Unaudited) Three Months Ended December 28, 2024 December 30, 2023 Net Income $ 366 $ 114 Other Comprehensive Income (Loss), Net of Taxes: Derivatives accounted for as cash flow hedges 3 — Investments ( 2 ) 2 Currency translation ( 105 ) 58 Postretirement benefits — 3 Total Other Comprehensive Income (Loss), Net of Taxes ( 104 ) 63 Comprehensive Income 262 177 Less: Comprehensive Income Attributable to Noncontrolling Interests — 15 Comprehensive Income Attributable to Tyson $ 262 $ 162 See accompanying Notes to Consolidated Condensed Financial Statements. 2 TYSON FOODS, INC. CONSOLIDATED CONDENSED BALANCE SHEETS (In millions, except share and per share data) (Unaudited) December 28, 2024 September 28, 2024 Assets Current Assets: Cash and cash equivalents $ 2,292 $ 1,717 Accounts receivable, net 2,323 2,406 Inventories 5,114 5,195 Other current assets 353 433 Total Current Assets 10,082 9,751 Net Property, Plant and Equipment 9,353 9,442 Goodwill 9,805 9,819 Intangible As

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View this 10-Q filing on SEC EDGAR