| Stage | TSN | % of rev | AVB | % of rev | Gap · A − B |
|---|---|---|---|---|---|
| Revenue | $13.9B | 100.00% | $778M | 100.00% | TSN ×17.83 |
| Gross profit | $921M | 6.64% | $778M | 100.00% | AVB +93.4pp |
| Operating income | $362M | 2.61% | $212M | 27.23% | AVB +24.6pp |
| Pre-tax income | $266M | 1.92% | $157M | 20.18% | AVB +18.3pp |
| Net income | $186M | 1.34% | $157M | 20.17% | AVB +18.8pp |
| Stage | TSN | AVB | Gap · A − B |
|---|---|---|---|
| Revenue | $13.9B100.00% | $778M100.00% | TSN ×17.83 |
| Gross profit | 6.64%$921M | 100.00%$778M | AVB +93.4pp |
| Operating income | 2.61%$362M | 27.23%$212M | AVB +24.6pp |
| Pre-tax income | 1.92%$266M | 20.18%$157M | AVB +18.3pp |
| Net income |
| 1.34%$186M |
| 20.17%$157M |
| AVB +18.8pp |