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This statistic highlights Tyson Foods’ Revenue by Segment, split across Beef, Chicken, Pork, Prepared food, others, and Intersegment sales, reported on a quarterly basis from Q1 2016 onwards.
|Segment||Revenue in Q2 2020||Revenue in Q1 2021||Revenue in Q2 2021||Revenue Share in Q2 2021|
(All figures in billions, except percentages)
Tyson Foods’ total revenue increased from $10.89 billion in Q2 2020 to $11.30 billion in Q2 2021, marking a 4% growth on a year-on-year basis. It also grew by 1% compared to $11.22 billion earned in Q1 2021.
Tyson Foods’ revenue is further bifurcated into the following segments:
Tyson Foods’ Beef operations include the processing of live-feed cattle as well as the fabrication of dressed beef carcasses into primal and sub-primal cuts and case-ready goods. Products are marketed to consumer goods and food retailers, foodservice distributors, restaurant operators, hotel chains, and non-commercial foodservice establishments in the United States and international export markets. This segment also comprises associated product sales like hides and other meats and logistical activities to transport items through the supply chain.
The majority of Tyson Foods’ revenue is generated through the Beef segment accounting for 36% of the company’s revenue in Q2 2021, amounting to $4.05 billion. It grew by 2% compared to $3.98 billion earned in Q2 2020 and by 1% compared to $3.99 billion in Q1 2021.
Tyson Foods’ Chicken includes our domestic activities relating to raising and processing live chickens into fresh, frozen, and value-added chicken products, as well as sales of linked goods. Breaded chicken strips, nuggets, patties, tenders, wings, and other ready-to-fix or completely cooked chicken components are among our value-added chicken items. Domestically, items are sold to consumer goods and food retailers, foodservice distributors, restaurant operators, hotel chains, and non-commercial foodservice venues, as well as to foreign export markets. This segment also comprises logistical activities to transfer items via our local supply chain and our chicken breeding stock subsidiary’s global operations.
Tyson Foods’ revenue from Chicken increased by 5% from $3.40 billion in Q1 2021 to $3.55 billion in Q2 2021 on a year-on-year basis. It also grew by 26% compared to $2.83 billion earned in Q2 2020. This segment contributed to 31% of the company’s total revenue.
Tyson Foods’ Pork operations include the processing of live market hogs as well as the fabrication of pork carcasses into primal and sub-primal cuts and case-ready goods. Domestically, items are sold to consumer goods and food retailers, foodservice distributors, restaurant operators, hotel chains, and non-commercial foodservice venues, as well as to international export markets. This section also comprises the live swine group, associated product processing activities, and logistical operations to transport goods along the supply chain.
In Q2 2021, Tyson Foods’ Pork revenue stood at $1.48 billion. It increased by 17% compared to $1.27 billion earned in Q2 2020 and by 3% compared to $1.44 billion earned in Q1 2021. Tyson Foods’ Pork segment accounted for 13% of the company’s revenue.
Prepared Foods include businesses connected to the production and marketing of frozen and refrigerated food items and logistical operations to transport products through the supply chain. This segment includes Jimmy Dean, Hillshire Farm, Ball Park, Wright, State Fair, and artisanal brands Aidells and Gallo Salame. Ready-to-eat sandwiches, sandwich components such as flame-grilled hamburgers and Philly steaks, pepperoni, bacon, breakfast sausage, turkey, lunchmeat, hot dogs, flour and corn tortilla products, appetizers, snacks, prepared meals, ethnic foods, side dishes, meat dishes, breadsticks, and processed meats are the main products.
Tyson Foods’ revenue from Prepared foods increased from $2.08 billion in Q2 2021 to $2.16 billion in Q1 2021, marking a 4% increase on a year-on-year basis. It also grew by 2% compared to $2.11 billion in Q2 2021. Prepared foods accounted for 19% of the total revenue.
Other sales include sales to foreign markets of internationally produced goods or export sales of locally produced goods.
In Q2 2021, Tyson Foods’ Other revenue stood at $0.49 billion. It increased by 4% compared to $0.47 billion earned in Q2 2020 and by 4% compared to $0.47 billion earned in Q1 2021. Tyson Foods’ Pork segment accounted for 4% of the company’s revenue.
Tyson Foods’ Intersegment sales revenue amounted to -$0.43 billion in Q2 2021. This was a 43% decrease compared to $0.30 billion in Q2 2020 and by 213% compared to $0.38 billion in Q1 2021.
About Tyson Foods
Tyson Foods, Inc. is an American multinational business that works in the food sector. It is headquartered in Springdale, Arkansas. They are the second biggest processor and marketer of beef, pork, and chicken in the world. Its common stocks are listed on the New York Stock Exchange under the ticker ‘TSN’. Tyson Foods employs approximately 1,41,000 employees. Tyson Foods was placed No. 79 on the 2020 Fortune 500 list of the biggest businesses in the United States based on total revenue. Hormel Foods, Conagra Brands, Bunge, Pilgrims Pride, and Golden State Foods are among Tyson Foods’ top competitors.
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