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This statistic highlights Tyson Foods’ Revenue Breakdown from Q1 2019 onwards, split between Foodservice, Industrial and other, International, Retail.
Tyson Foods is one of the largest food corporations in the world and a renowned leader in the protein industry. The company manufactures over one-fifth of the beef, poultry, and pork sold in the United States. It is a major supplier of chicken, beef, and pork to supermarkets, food service wholesalers, and national fast food and full-service restaurant chains in the United States.
Tyson Foods’ Revenue Breakdown
Tyson Foods’ Revenue Breakdown in the following segments:
The following table sheds more light on Tyson Foods’ Revenue Breakdown into the above segments:
|Segments||Q2 2020||Q2 2021||YOY Growth||Revenue Share in Q2 2021|
|Industrial and other||$1.16||$1.21||4.31%||10.71%|
(All figures in billions, except percentages)
Products are sold nationally to food retailers, food suppliers, restaurant operators, hotel chains, and non-commercial food service institutions such as schools, convenience stores, health facilities, the army, and other food processors and international export markets. products are also sold domestically. The items comprise mainly ready-to-eat sandwiches, flame-grilled hamburgers and steaks, potatoes, bacon, sausages, turkey, lunch meat, hot dogs, meals and tortilla products, snacks, meals prepared, ethnic food, side foods, meat dishes.
Tyson Foods works in four segments beef, porks, chicken, and prepared foods. Its total revenue was $11.30 billion in Q2 2021, increased by 3.37% year-over-year from $10.90 billion in Q2 2020.
Tyson Foodservice provides high-quality food service supplies and menu options for schools, universities, and hospitals.
Tyson Foods generated $3.19 billion from its foodservice segment during Q2 2021. The revenue from this segment has increased by 2.24% year-over-year and contributed 28.23% of the company’s total revenue generated in Q2 2021.
Industrial and other
In Q2 2021, Industrial and other generated $1.21 billion that was 10.71% of its total revenue during the period. Revenue from this segment grew by 4.31% year-over-year from $1.16 billion in Q2 2020
The international segment operates in Australia, China, Malaysia, Mexico, Netherland, South Korea, and Thailand.
Tyson Foods generated $1.57 billion from its international segment during Q2 2021. The revenue from this segment has increased by 1.29% year-over-year and contributed 13.89% of the company’s total revenue generated in Q2 2021.
KFC, Taco Bell, McDonald’s, Burger King, Wendy, Wal-Mart, Kroger, IGA, Beef O’Brady’s, small restaurant companies, and jail, all use chicken. Tyson Foods saw growth in the retail channel, while COVID-19 caused a rise in raw material prices and a reduction in manufacturing throughput.
The retail segment generated revenue amounting to $5.07 billion in Q2 2020 and $5.33 billion or 47.17% of revenue share in Q2 2021. The revenue from this segment shows a growth of 5.13% or $0.26 billion from Q2 2020 to Q2 2021.
Tyson Foods was founded in 1935 by John W. Tyson. It is headquartered in Springdale, Arkansas, U.S. On 3 October 2020, the Company has about 139,000 employees. 50% of Tyson Foods Owned by Tyson Farms, Inc., and the remaining 50% Owned by Pilgrims Pride Corp. As of 2019, the company employed 141,000 employees, with 122,000 of them based in the United States.
Jimmy Dean, Hillshire Farm, Ball Park, Wright, Aidells, IBP, and State Fair are among Tyson Foods’ many goods and brands. The company operates in 10 countries serving consumers and customers of five continents. Tyson’soperates 110 processing plants centered in the Midwest, with 16 in Arkansas, 11 in Texas, 9 in Iowa, and the rest are primarily in the eastern United States.
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