Tyson Foods Statistics By Sales, Revenue, Market Capitalization, Segments, Country and Demographics

Introduction

Tyson Foods Statistics: Tyson Foods, Inc. is a leading global food company and one of the world’s largest producers of protein-based products, including chicken, beef, and pork. Founded in 1935 by John W. Tyson, the company is headquartered in Springdale, Arkansas. Over the decades, Tyson Foods has grown significantly through acquisitions and innovations in food production, positioning itself as a major player in the food industry.

From the moment a tiny chick hatches to the chicken on your dinner plate, Tyson is likely involved somewhere along the way. So, what exactly does Tyson Foods do?

This article includes effective analyses and current data from different insights and will guide you accordingly.

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• Total sales for the first quarter of 2024 were USD 13.319 billion, a slight increase from $13.260 billion in the previous quarter.
• The cost of sales for Tyson Foods increased by just over $200 million, which caused the company’s gross profit to decline slightly from USD 968 million in Q4 2023 to USD 823 million in Q1 2024.
• During the same period, Infiniti Motors reported sales of 13,904 vehicles in the U.S., reflecting an 11.8% decrease compared to the same period in 2023.
• Operating income improved by USD 175 million, reflecting a commitment to operational excellence and a strategic focus on cash flow and capital expenditure management.
• Net income for the quarter was $114 million, down from USD 320 million in the previous year.
• As of Q1 2024 in the United States, the company had approximately 120,000 employees, which constitutes the majority of its global workforce.
• The U.S. remains the largest market for Tyson Foods, accounting for approximately 70% of its total sales.
• In July 2024, Tyson Foods’ market capitalization was $20.46 billion, up 7.16% from last year.
• Tyson Foods Statistics further states that the total number of website visits to tyson.com in June 2024 was 429.1K, an increase of 17.75% from last month and a bounce rate of 50.45%.
• Tyson Foods continues to maintain a strong portfolio of patents globally, resulting in 1,139 Patents.

Tyson Foods’s Sales Statistics

• According to the most recent financial reports from Tyson Foods, the company’s trailing twelve months (TTM) 2024 revenue stands at USD 52.87 billion and will decrease by 0.12% year over year.

(Reference: statista.com)

• Tyson Foods achieved global sales of about USD 52,881 million.
• This represents a decrease of approximately 400 million U.S. dollars compared to 2022, resulting in USD 53,282 million.

Quarterly Revenue Analyses Of Tyson Foods

(Source: macrotrends.net)

• For the quarter ending March 31, 2024, Tyson Foods reported revenue of USD 13.072 billion, reflecting a 0.46% year-over-year decline.
• Moreover, in Tyson Foods Statistics 2023, the quarterly revenue earnings were followed by March 31: USD 13.13 billion (+0.12%), June 30: USD 13.140 billion (-2.63%), September 30: USD 13.34 billion (-2.83%), and December 31: USD 13.31 billion (+0.44%).

Market Capitalization Of Tyson Foods

(Source: companiesmarketcap.net)

• As of July 2024, Tyson Foods’ market capitalization is USD 20.46 billion, up by 7.16% from last year.
• This valuation positions Tyson Foods as the 912th most valuable company globally by market cap.
• Moreover, in 2023, the market cap was around USD 19.09 billion (-14.28%).
• Tyson Foods plans to invest between USD 1.0 billion and USD 1.5 billion in capital expenditures for 2024.

Tyson Foods Statistics By Gross Profit

(Source: macrotrends.net)

• For the quarter ending March 31, 2024, Tyson Foods’ gross profit amounted to USD 0.866 billion, a significant 64.33% increase from last year’s quarter.
• Meanwhile, other quarterly annual gross profits in 2023 are followed by Q1: USD 0.527 billion (-69.63%), Q2: USD 0.677 billion (-57.98%), Q3: USD 0.459 billion (-64.88%), and Q4: USD 0.823 billion (-14.98%).

By Operating Income

(Source: macrotrends.net)

• Tyson Foods Statistics also show that its operating income was USD 0.312 billion as of March 31, 2024.
• The operating income of Tyson Foods in 2023 was Q1 (USD -0.049 billion), Q2 (USD – 0.350 billion), Q3 (USD -0.463 billion), and Q4 (USD 0.231 billion).

By Net Income

(Source: macrotrends.net)

• As of March 31, 2024, Tyson Food’s total net income was around USD 0.145 billion, declining by 249.48% year over year.
• Similarly, the quarterly net income of this segment in 2023 was Q1 (USD -0.097 billion), Q2 (USD -0.417 billion), Q3 (USD -0.450 billion), and Q4 (USD 0.107 billion).

By Advertising Expenditure

(Reference: statista.com)

• Tyson Foods Statistics also show that in 2023, Tyson Foods’ advertising expenses were approximately 339 million U.S. dollars, marking an increase of 56 million U.S. dollars compared to the fiscal year 2022.
• Similarly, in Q1 2024, Tyson Foods’ advertising expenses amounted to approximately USD 92 million.

Financial Metrics And Projections Of Tyson Foods

• Adjusted Operating Income: Projected to be between USD 1.0 billion and USD 1.5 billion for fiscal 2024.
• Net Interest Expense: Expected to be around USD 400 million.
• Liquidity: As of December 30, 2023, total liquidity was approximately USD 3.7 billion, well above the minimum target of USD 1.0 billion.
• Effective Tax Rate: It is estimated to be between 23% and 24% for fiscal 2024 (Tyson Foods) (Tyson IR).

By Customer Demographics

• As of Q1 2024, approximately 15% of Tyson Foods consumers are 18 to 24 years old.
• Furthermore, other Tyson Foods consumers by age group are followed by 25 to 34 years (20%), 35 to 44 years (25%), 45 to 54 years (20%), and above 55 and above (20%).

By Region

(Reference: statista.com)

• Tyson Foods Statistics further reports that the total number of employees of Tyson Foods in the United States of America was around 120,000 on September 30, 2023.
• Meanwhile, the total number of employees outside the U.S. (primarily in China) was 19,000 in the same period.
• Overall, total number of employees turned out to be 139,000.

Tyson Foods Sales By Region

• To date, the U.S. remains Tyson Foods’ largest market, accounting for approximately 70% of its total sales. The company’s strong performance in the U.S. is driven by high demand for beef, chicken, and prepared foods.
• The remaining 30% of sales come from international markets.

Sales Statistics By Segments

(Reference: statista.com)

• A report published by Statista on Tyson Foods Statistics elaborates that in 2023, Beef sales remained highest among other segments, amounting to almost USD 19,325 million.
• The second and third largest sales segments of Tyson Foods were captured by Chicken (USD 17,060 million) and prepared foods (9,845 million), respectively.
• During the same period, Tyson Foods’ other segmental sales were Pork (USD 5,768 million), the rest (USD 2,515 million), and Intersegment sales (USD -1,632 million).
• Overall, Tyson Foods’ total sales for Q1 2024 were USD 13.319 billion, a slight increase from USD 13.260 billion in Q4 2023​.

The table below includes Tyson Foods’ segmental sales in Q1 2024:

(Source: nccwashingtonreport.com)

Tyson Foods Patents Statistics

• Tyson Foods Statistics reports that In 2024, Tyson Foods continues to maintain a strong portfolio of patents globally, resulting in 1,139 Patents.
• Out of these, 642 patents have been granted, and approximately 15% of Tyson’s patents are active.
• However, Tyson Foods has filed the most patents in the United States, with 252 patents in total.
• After the U.S., the largest number of patents have been filed in Europe and Spain.

Tyson Foods New Product Launches In 2024

Website Traffic Statistics Of Tyson Foods By Country

(Reference: similarweb.com)

• The United States of America had 95.41% of total traffic on the tyson.com website in June 2024.
• During the same duration, other countries recorded the following contribution in total traffic: Korea: 2.33% (+0.3%), Canada: 0.36% (+3.82%), Turkey: 0.25%, and the United Kingdom: 0.24%.
• Other countries collectively made up a website traffic share of 1.41% on tyson.com.

By Demographics

(Reference: similarweb.com)

• As of June 2024, male and female user groups of tyson.com covered a share of 52% and 48%, respectively.
• Tyson Foods Statistics by age group show that the highest number of website users observed is between 25 and 34 years old, or 27.01%.
• 21.88% of Tyson Foods website users are aged 45 to 54 years.
• Furthermore, 20.83% and 12.88% belong to individuals aged 45 to 54 and 55 to 64, respectively.
• Around 10.59% of website users are aged 18 to 24 years and above.
• Almost 7.38% of user shares of tyson.com contributed from the age group above 65 years.

By Traffic Source

(Reference: similarweb.com)

• The Tyson Foods statistics also show that, in June 2024, direct search generated the highest traffic rate to tyson.com, at around 57.01%.
• Around 21.66% of the share is generated by direct searches, while 19.77% is from referrals.
• Moreover, Tyson Foods websites’ other traffic sources are social (1.52%), mail (0.03%) and display (0.01%).

By Social Media Referral Statistics

• Tyson Foods statistics also depict that YouTube had the highest social media referral rate, with a 100% share on its website.

Top 5 Key Products Nutrition

Key Sustainability Initiatives Of Tyson Foods Inc.

• Tyson aims to use 50% renewable energy across its domestic operations by 2030.
• The company plans to eliminate deforestation risk throughout its global supply chain by 2030.
• Tyson Foods Statistics also declared that the company has set a target to engage 2 million feed acres by 2025 and aims for 100% sustainable feed purchased by 2030.
• The company has set contextual water targets for priority facilities and transitioned to using 100% post-consumer recycled content in its Jimmy Dean brand packaging.
• Tyson has launched zero waste-to-landfill pilot projects at three production facilities.

Conclusion

Overall, Tyson Foods is well-positioned for sustainable growth with a clear focus on environmental responsibility, operational efficiency, and strategic market expansion. So, when it comes to Tyson Foods, it’s a mixed bag. They provide affordable and convenient chicken products, but there are some ethical considerations.

Ultimately, by understanding Tyson’s role in the food system, you can make informed choices about what you buy.