Tyson Foods (TSN) Revenue — Quarter Ended Apr 1, 2023
Revenue declined from the prior quarter, while it was nearly flat compared with the same quarter last year. The company reported an operating loss for the period.
Key takeaway
Quarter ended Apr 1, 2023 · FY2023 Q2
Revenue declined from the prior quarter, while it was nearly flat compared with the same quarter last year. The company reported an operating loss for the period.
Financial snapshot
Reported revenue, sequential change, year-over-year change, and trailing four-quarter revenue.
Quarter revenue
$13.1B
Revenue reported for this quarter.
Quarter-over-quarter
-1.0%
Change from the immediately preceding quarter.
Year-over-year
+0.1%
Change from the comparable year-ago quarter.
Trailing four quarters
$53.6B
Sum of the latest four reported quarters.
Quarterly revenue trend
The latest four reported quarters with year-over-year comparisons.
| Period ended | Revenue | Year-over-year change |
|---|---|---|
| Jul 2, 2022 | $13.5B | +8.2% |
| Oct 1, 2022 | $13.7B | +7.2% |
| Dec 31, 2022 | $13.3B | +2.5% |
| Apr 1, 2023 | $13.1B | +0.1% |
Revenue performance
Reported revenue was lower than the immediately preceding quarter, reversing the prior sequential increase. Compared with the same quarter one year earlier, revenue showed a negligible change.
Quarterly comparison
The sequential decline followed two quarters of growth, while the year-over-year comparison was essentially unchanged. Gross profit dropped sharply from both the prior quarter and the year-ago period.
What to watch
The swing from operating income to operating loss warrants close monitoring.