Tyson Foods (TSN) Revenue — Quarter Ended Jul 1, 2023
Revenue for the quarter was essentially flat versus the preceding quarter, while declining compared to the same quarter one year earlier. The company reported a net loss attributable to Tyson for the period.
Key takeaway
Quarter ended Jul 1, 2023 · FY2023 Q3
Revenue for the quarter was essentially flat versus the preceding quarter, while declining compared to the same quarter one year earlier. The company reported a net loss attributable to Tyson 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
+0.1%
Change from the immediately preceding quarter.
Year-over-year
-2.6%
Change from the comparable year-ago quarter.
Trailing four quarters
$53.3B
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 |
|---|---|---|
| Oct 1, 2022 | $13.7B | +7.2% |
| Dec 31, 2022 | $13.3B | +2.5% |
| Apr 1, 2023 | $13.1B | +0.1% |
| Jul 1, 2023 | $13.1B | -2.6% |
Revenue performance
The reported revenue showed a slight increase from the immediately preceding quarter, but was lower than the same quarter a year ago. Gross profit decreased significantly from the prior year period.
Quarterly comparison
Compared to the prior quarter, revenue remained nearly unchanged. Compared to the same quarter last year, revenue declined, reflecting a year-over-year decrease.
What to watch
Monitor the impact of the goodwill impairment recognized in the current quarter on future profitability.