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Tyson Foods Inc. - Tyson Foods Reports Second Quarter 2021 Results Ⓒir.tyson.com / news / news - details / 2021 / Tyson - Foods - Reports - Second - Quarter - 2021 - Results / default.aspx Prepared Foods and Beef Segments Continue to Drive Strong Results SPRINGDALE , Ark . , May 10 , 2021 ( GLOBE NEWSWIRE ) -- 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 : ( in millions , except per share data ) Sales 1 Operating Income Net Income Less : Net Income Attributable to Noncontrolling Interests Net Income Attributable to Tyson Net Income Per Share Attributable to Tyson Adjusted² Operating Income Second Quarter 2021 $ 11,300 ● 720 477 ● 1 $ 476 $ 1.30 $ 739 2020 1 $ 10,888 $ 1.34 515 379 3 $ 376 $ 1.03 $ 515 $ 0.80 Six Months Ended 2021 $ 21,760 • Total Company GAAP operating margin of 6.4 % ; Adjusted operating margin of 6.5 % Liquidity of $ 2.6 billion at April 3 , 2021 • Reduced total debt by approximately $ 1 billion • Worker safety remains top priority ; over 42,000 team members vaccinated so far 1,425 949 6 $ 943 $ 2.58 $ 1,764 • Total Company GAAP operating margin of 6.5 % ; Adjusted operating margin of 8.0 % • Generated over $ 1.3 billion of operating cash flows • Results impacted by approximately $ 215 million of direct incremental expenses related to COVID - 19 Second Quarter Highlights $ 3.28 2020 Adjusted² Net Income Per Share Attributable to Tyson Certain items for the second quarter and six months of fiscal 2020 have been revised as described in Part I , Item 1. Notes to Consolidated Condensed Financial Statements in the Company's Quarterly Report on Form 10 - Q for the fiscal quarter ended April 3 , 2021 . 1 $ 21,703 1,273 888 7 $ 881 $ 2.41 2 The Company reports its financial results in accordance with U.S. generally accepted accounting principles ( GAAP ) . Adjusted operating income and adjusted net income per share attributable to Tyson ( Adjusted EPS ) are non - GAAP financial measures . Refer to the end of this release for an explanation and reconciliation of these and other non - GAAP financial measures used in this release to comparable GAAP measures . First Six Months Highlights • GAAP EPS of $ 2.58 , up 7 % from prior year ; Adjusted EPS of $ 3.28 , up 41 % from prior year • GAAP operating income of $ 1,425 million , up 12 % from prior year ; Adjusted operating income of $ 1,764 million , up 32 % from prior year $ 1,341 • GAAP EPS of $ 1.30 , up 26 % from prior year ; Adjusted EPS of $ 1.34 , up 68 % from prior year GAAP operating income of $ 720 million , up 40 % from prior year ; Adjusted operating income of $ 739 million , up 43 % from prior year $ 2.32 " We're grateful for our team members ' continuing efforts and resilience , and for the collaboration and support we've received from our customers as we navigate these challenging times , " said Tyson Foods President and CEO Dean Banks . " We delivered a very strong performance in a complex operating environment with continued success in retail and improvements in foodservice as the industry is recovering . We generated adjusted operating income growth of 32 percent for the first half of fiscal 2021 , driven by solid results in Beef and Prepared Foods . 1/11