Total and Operating Revenue: TSN’s total revenue observed changes across the periods, showing a slight increase from $13.33 billion in 2023-03 to $13.48 billion in 2023-09, followed by a decrease to $13.07 billion by 2024-03. Operating revenue mirrors this trend, indicating consistency between total and operating figures across these periods.

Gross Profit Margin: Gross profit followed a similar trend to revenue, with the margin percentage experiencing a decline. The gross profit in 2023-03 was $527 million compared to the higher $866 million by 2024-03.

Cost of Revenue: Cost of revenue was highest in 2023-12 at nearly $12.5 billion and lowest by 2024-03 at approximately $12.2 billion, reflecting mild oscillations but remaining the primary expense for TSN.

Operating Expense: Operating expenses remained stable, ranging from $554 million in 2024-03 to $592 million in 2023-12.

Total Expenses: Total expenses followed a declining trend from $13.18 billion in 2023-03 to $12.76 billion by 2024-03, indicative of efficiency improvements or reduced activity levels.

EBITDA: EBITDA showed volatile changes, from $276 million in 2023-03, dropping significantly to a negative $67 million in 2023-09, then recovering to $663 million by 2024-03.

Operating Income: TSN’s operating income was negative in two of the four periods, with a loss of $490 million in 2023-03 and a positive of $312 million by 2024-03, showing a recovery.

Pretax Income: Pretax income followed a dramatically volatile path, from -$130 million in 2023-03 to $203 million by 2024-03.

Net Income: Net income ranged from -$450 million in 2023-09 to $145 million by 2024-03, indicating significant recovery and variability in profitability.

Reconciled Depreciation: Depreciation expense ranged from $317 million in 2023-03 to $349 million by 2024-03, suggesting capital asset turnover and replacement.

Interest Expense: Interest expense was consistently high, peaking at $111 million in 2024-03, reflecting significant debt servicing costs.

Tax Rate: The effective tax rate varied, peaking at up to 29.4% by the end of 2023, potentially reflecting variable pretax earnings levels and tax planning outcomes.

Tax Provision: Tax provision mirrored pretax income with $55 million in 2024-03, after recovering from a significantly lower provision in previous periods due to losses.

Tax Effect of Unusual Items: Notably high tax effects from unusual items were recorded in periods with substantial non-operating losses or gains, indicating significant one-time fiscal impacts.

Diluted and Basic EPS: Earnings per share showed a recovery from a low of -$1.18 in both diluted and basic forms in 2023-06 to positive values reaching $0.41 and $0.42 respectively by 2024-03.

Average Shares: Average shares outstanding remained stable around 354-355 million, indicating no significant equity dilution or buybacks during the period.

Net Income Available to Common Stockholders: Net income available to common stockholders mirrored net income, with all values being identical, signaling no preferential allocations to other stakeholders.

Overall, TSN experienced significant financial volatility across the reviewed periods, particularly in profitability metrics. However, the recovery in net income and EBITDA in the latest period suggests a resolution to prior challenges or an adaptation to market conditions. TSN’s management might consider maintaining strict cost control measures and potentially reassessing financial strategies to mitigate interest expenses and tax liabilities moving forward.