Tyson Foods (TSN) Revenue — Quarter Ended Mar 30, 2024
Revenue declined from the prior quarter and also fell slightly compared to the same quarter one year earlier. The decrease reflects a continued downward trend after a modest increase in the preceding period.
Key takeaway
Quarter ended Mar 30, 2024 · FY2024 Q2
Revenue declined from the prior quarter and also fell slightly compared to the same quarter one year earlier. The decrease reflects a continued downward trend after a modest increase in the preceding 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
-1.9%
Change from the immediately preceding quarter.
Year-over-year
-0.5%
Change from the comparable year-ago quarter.
Trailing four quarters
$52.9B
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 1, 2023 | $13.1B | -2.6% |
| Sep 30, 2023 | $13.3B | -2.8% |
| Dec 30, 2023 | $13.3B | +0.4% |
| Mar 30, 2024 | $13.1B | -0.5% |
Revenue performance
The reported revenue was lower than the immediately preceding quarter, marking a sequential decline. Compared with the same quarter one year ago, revenue also decreased, though the year-over-year change was less pronounced than the sequential drop.
Quarterly comparison
Revenue in the current quarter was down from the prior quarter, reversing the increase seen in the previous period. On a year-over-year basis, revenue was slightly lower than the same quarter last year.
What to watch
The sequential decline in revenue warrants attention given the prior quarter's upward movement.