Samaya Jain's questions to Tyson Foods Inc (TSN) leadership • Q3 2025
Question
Samaya Jain of UBS inquired about the future of capital allocation, given that leverage has dropped to 2.1x, and asked about the key drivers and risks for the strong performance in the International segment.
Answer
CFO Curt Calaway reiterated that the company will maintain its disciplined capital allocation priorities of financial strength, business investment, and returning cash to shareholders, noting the recent restart of the share repurchase program. Group President Devin Cole attributed strong International margins to controlled factors like operational excellence and cost management, and stated he expects the momentum to continue into fiscal 2026 despite geopolitical risks.