1st Half: Tyson Food’s Sales Up 20%, Earnings Double: $1.95 Billion

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Tyson Foods, Inc. (NYSE: TSN), one of the world’s largest food companies and a recognized leader in protein with leading brands including Tyson, Jimmy Dean, Hillshire Farm, Ball Park, Wright, Aidells, ibp and State Fair, today reported the following results:

First Six Months Highlights
• GAAP EPS of $5.35, up 107% from prior year; Adjusted EPS of $5.16, up 57% from prior year
• GAAP operating income of $2,611 million, up 83% from prior year; Adjusted operating income of $2,593 million, up 47% from prior year
• Total Company GAAP and Adjusted operating margin of 10.0%
• Repurchased 6.2 million shares for $523 million

Second Quarter Highlights
• GAAP EPS of $2.28, up 75% from prior year; Adjusted EPS of $2.29, up 71% from prior year
• GAAP operating income of $1,156 million, up 61% from prior year; Adjusted operating income of $1,161 million, up 57% from prior year
• Total Company GAAP operating margin of 8.8%; Adjusted operating margin of 8.9%
• Liquidity of $3.4 billion at April 2, 2022
• Reduced total debt by approximately $1 billion

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