Tyson Foods (TSN) 10-K Summary — Year Ended Sep 28, 2024
Tyson Foods filed its annual report for the period ending September 28, 2024. The company reported a net income and positive operating cash flow, reversing a prior-year net loss.
Key takeaway
Year ended Sep 28, 2024 · FY2025 10-K
Tyson Foods filed its annual report for the period ending September 28, 2024. The company reported a net income and positive operating cash flow, reversing a prior-year net loss.
Financial snapshot
Selected annual figures reported with the filing, shown separately from the narrative summary.
Annual revenue
$53.3B
Revenue reported for the fiscal year.
Operating income
$1.4B
Income from operations reported for the year.
Net income
$800M
Net income reported for the year.
Operating cash flow
$2.6B
Cash generated by operating activities.
Annual revenue trend
Reported annual revenue and its change from the preceding fiscal year.
| Period ended | Revenue | Year-over-year change |
|---|---|---|
| Oct 2, 2021 | $47B | n/a |
| Oct 1, 2022 | $53.3B | +13.2% |
| Sep 30, 2023 | $52.9B | -0.8% |
| Sep 28, 2024 | $53.3B | +0.8% |
Business overview
Tyson Foods is a food company that produces and distributes protein products and other food items. The filing describes its business in Item 1, along with discussions of risk factors, unresolved staff comments, and cybersecurity disclosures.
Financial performance
Revenue remained relatively stable compared to the prior year. Operating income and net income were both positive, and cash from operations increased significantly from the previous year.
Material risks
The filing states that the company faces risks typical of the food industry, though specific risk descriptions are not detailed in the supplied context. The company also acknowledges potential challenges in liquidity and capital market conditions.
Liquidity and capital
The company expects to meet cash needs through current cash, operating cash flows, or short-term borrowings. It may also pursue capital market transactions to generate additional liquidity or refinance debt, depending on market conditions and operating performance.
What to watch
Investors should monitor whether the company sustains positive net income and operating cash flow improvement in the next filing.