| Stage | TSN | % of rev | PPC | % of rev | Gap · A − B |
|---|---|---|---|---|---|
| Revenue | $13.9B | 100.00% | $4.7B | 100.00% | TSN ×2.98 |
| Gross profit | $921M | 6.64% | $334M | 7.17% | PPC +0.5pp |
| Operating income | $362M | 2.61% | $192M | 4.12% | PPC +1.5pp |
| Pre-tax income | $266M | 1.92% | $160M | 3.44% | PPC +1.5pp |
| Net income | $186M | 1.34% | $116M | 2.50% | PPC +1.2pp |
| Stage | TSN | PPC | Gap · A − B |
|---|---|---|---|
| Revenue | $13.9B100.00% | $4.7B100.00% | TSN ×2.98 |
| Gross profit | 6.64%$921M | 7.17%$334M | PPC +0.5pp |
| Operating income | 2.61%$362M | 4.12%$192M | PPC +1.5pp |
| Pre-tax income | 1.92%$266M | 3.44%$160M | PPC +1.5pp |
| Net income |
| 1.34%$186M |
| 2.50%$116M |
| PPC +1.2pp |
TSN 10-KNov 12 '24
“Our business could suffer significant setbacks in sales and operating income if our customers' plans and/or markets change significantly or if we lost one or more of our largest customers, including, for example, Walmart Inc., which accounted for 18.4% of our sales in fiscal 2024.”
PPC 10-KFeb 12 '26
“Our sales efforts are largely targeted towards the foodservice industry, principally chain restaurants and food processors, such as Chick-fil-A® and retail customers, including grocery store chains and wholesale clubs, such as Kroger ® , Costco ® , Publix ® and H-E-B ® in the U.S., chain restaurants such as McDonald's ® and grocery store chains such as Sainsbury's, Tesco and Waitrose in the U.K. and Europe, and grocery store chains such as Wal-Mart ® in Mexico.”