TYSON FOODS (TSN) Company Report

Analyst Earnings Quarterly Reports

Earnings summaries and quarterly performance for TYSON FOODS.

Analyst Coverage

Research analysts who have asked questions during TYSON FOODS earnings calls.

Andrew Strelzik

BMO Capital Markets

7 questions for TSN

Also covers: ADM, BG, BLMN +17 more

Alexia Howard

AllianceBernstein

6 questions for TSN

Also covers: BRBR, BYND, CAG +10 more

Heather Jones

Heather Jones Research

6 questions for TSN

Also covers: ADM, BG, CALM +6 more

Michael Lavery

Piper Sandler & Co.

6 questions for TSN

Also covers: BGS, BYND, CELH +26 more

Peter Galbo

Bank of America

6 questions for TSN

Also covers: CAG, CL, CPB +23 more

Pooran Sharma

Stephens Inc.

6 questions for TSN

Also covers: ADM, ANDE, AVO +12 more

Benjamin Theurer

Barclays Corporate & Investment Bank

5 questions for TSN

Also covers: ADM, BG, BYND +17 more

Leah Jordan

Goldman Sachs Group, Inc.

4 questions for TSN

Also covers: ACI, CAG, CALM +10 more

Thomas Palmer

Citigroup Inc.

3 questions for TSN

Also covers: ADM, BG, BRBR +14 more

Tom Palmer

JPMorgan Chase & Co.

3 questions for TSN

Also covers: ACI, ADM, BG +11 more

Ben Theurer

Barclays

2 questions for TSN

Also covers: ADM, BG, CF +8 more

Kenneth Goldman

JPMorgan Chase & Co.

2 questions for TSN

Also covers: ACI, BRBR, BYND +17 more

Manav Gupta

UBS Group

2 questions for TSN

Also covers: ADM, AMTX, BE +35 more

Saumya Jain

UBS

2 questions for TSN

Also covers: AMTX, BLDP, CLMT +8 more

Guilherme Palhares

Santander

1 question for TSN

Also covers: ABEV, BRFS, JBS +2 more

Puran Sharma

Stevens Inc.

1 question for TSN

Also covers: BG

Samaya Jain

UBS

1 question for TSN

Latest news

Recent press releases and 8-K filings for TSN.

Tyson Foods completes $500 million senior notes offering

TSN

Debt Issuance

On February 20, 2026, Tyson Foods completed a public offering of $500 million aggregate principal amount of 4.950% Senior Notes due 2036.
The Notes mature on February 20, 2036, bear interest at 4.950% per annum, payable semi-annually on February 20 and August 20 (first payment August 20, 2026).
The Notes are general senior unsecured obligations ranking equally with all existing and future senior unsecured indebtedness of the Company.
Issued under the June 1, 1995 indenture and a supplemental indenture dated February 20, 2026, the Notes include customary covenants limiting secured debt, sale-leasebacks, and mergers or asset transfers, and feature make-whole optional redemption and standard events of default.

7 days ago

8-K

Tyson Foods prices $500M 4.950% notes due 2036

TSN

Debt Issuance

Tyson Foods agreed to sell $500 million aggregate principal of 4.950% Senior Notes due 2036, with the offering expected to close on February 20, 2026.
The Company will use net proceeds for general corporate purposes, notably to retire its 4.00% notes maturing in March 2026.
Joint book-running managers for the offering include BofA Securities, J.P. Morgan Securities and Morgan Stanley & Co., among others.

Feb 11, 2026, 1:16 AM

8-K

Tyson Foods prices $500 million senior notes offering

TSN

Debt Issuance

Tyson Foods agreed to sell $500 million aggregate principal amount of 4.950% senior notes due 2036, with closing expected on February 20, 2026.
Net proceeds will be used for general corporate purposes, including the planned retirement of 4.00% notes due March 2026.
The offering’s joint book-running managers are BofA Securities, J.P. Morgan, Morgan Stanley, Rabo Securities, RBC Capital Markets, Goldman Sachs and Scotia Capital, supported by several co-managers.

Feb 10, 2026, 11:09 PM

Press Release

Tyson Foods reports FY 2026 AGM results

TSN

Proxy Vote Outcomes

Dividends

All 16 directors re-elected, ratification of PricewaterhouseCoopers LLP as auditor, amendment of the Stock Incentive Plan, and advisory approval of executive compensation by clear majorities
Three shareholder proposals—class vote disclosure, environmental impacts from waste lagoons, and immigration impact report—were defeated, each receiving minority support
FY 2025 sales of $54.4 billion (+2.1%), $2.2 billion in operating cash flow, and net leverage of 2.1×; board increased the FY 2026 dividend to $2.04 per Class A share, marking the 14th consecutive annual increase
CEO Donnie King highlighted strong protein demand, leadership across three top-10 brands, and commitment to operational discipline and financial strength to drive future growth

Feb 5, 2026, 4:00 PM

Transcript

Tyson Foods holds 63rd AGM, re-elects directors and confirms financial and strategic priorities

TSN

Dividends

Share Buyback

Proxy Vote Outcomes

At the 63rd annual meeting, shareholders re-elected the full slate of directors, ratified PricewaterhouseCoopers as auditor, approved an amended stock incentive plan, and passed the advisory say-on-pay resolution by clear majority.
Proposals on disclosing vote results by share class, reporting environmental/human health impacts of waste lagoons, and assessing immigration practice impacts all failed to gain majority support.
CFO Curt Calaway reported FY 2025 sales of $54.4 billion (+2.1%), operating cash flow of $2.2 billion, net leverage improved to 2.1×, and total shareholder returns of $893 million, including an increased annual dividend of $2.04 per share.
CEO Donnie King reaffirmed Tyson’s leadership in the U.S. protein market—producing one in five pounds of chicken, beef, and pork—and underscored focus on affordable, nutritious, branded products and disciplined capital management.

Feb 5, 2026, 4:00 PM

Transcript

Tyson Foods holds FY 2026 annual meeting

TSN

Proxy Vote Outcomes

Dividends

Shareholders elected the full slate of directors and ratified PricewaterhouseCoopers LLP as independent auditor for FY 2026.
Shareholders approved the amendment to the Tyson Foods stock incentive plan and the non-binding advisory vote on executive compensation.
Three shareholder proposals—to disclose voting results by share class, to report on environmental and human health impacts of waste lagoons, and to assess immigration policy changes—were each defeated by majority votes.
CFO reported fiscal 2025 sales of $54.4 billion (+2.1%), operating cash flow of $2.2 billion, net leverage of 2.1×, and announced a 14th consecutive dividend increase to $2.04 per share for FY 2026, returning $893 million through dividends and share repurchases.
CEO highlighted Tyson’s leadership in producing one in every five pounds of U.S. chicken, beef, and pork, the strength of top-10 brands Tyson, Jimmy Dean, and Hillshire Farm, and the company’s “feed the world like family” purpose amid growing protein demand.

Feb 5, 2026, 4:00 PM

Transcript

Tyson Foods announces Q1 2026 results

TSN

Earnings

Guidance Update

Accounting Changes

Sales increased 6.2% to $14.3 billion; Segment Operating Income was $811 million, down 12% year-over-year; Adjusted EPS of $0.97 reflected a 15% decline.
Prepared Foods sales rose 8.1%, with Segment Operating Income of $338 million (+$16 million), while Chicken delivered $459 million in segment income (10.9% margin) and beef segment profits declined amid planned plant closures.
Transitioned from Adjusted Operating Income to Segment Operating Income (excluding corporate expenses and amortization) for clearer performance assessment; historical results have been recast accordingly.
Full-year guidance: Sales up 2–4%, Adjusted Operating Income of $2.1–2.3 billion, Free Cash Flow of $1.1–1.7 billion; segment outlook includes Beef losses of $500–250 million and Chicken income of $1.65–1.9 billion.

Feb 2, 2026, 2:00 PM

Transcript

Tyson Foods reports Q1 2026 results and updates 2026 outlook

TSN

Earnings

Guidance Update

Share Buyback

Total company sales rose to $14.3 billion (+6.2% YoY), while Q1 segment operating income declined 12% to $811 million.
Prepared Foods delivered $338 million in segment operating income on 8.1% sales growth, and the Chicken segment generated $459 million in operating income at a 10.9% margin.
In Beef, Tyson closed its Lexington, NE facility and reduced Amarillo, TX operations, with segment operating income falling on elevated cattle costs; full-year Beef is forecasted to incur losses of $500 million–$250 million.
Q1 free cash flow totaled ~$700 million (operating cash flow $942 million less $252 million in capex), ending with $4.5 billion liquidity and net leverage of 2.0×; returned $224 million to shareholders, including $47 million in buybacks.
For FY 2026, Tyson expects sales growth of 2%–4% and adjusted operating income of $2.1 billion–$2.3 billion, with CapEx of $700 million–$1 billion and segment income guidance across all divisions.

Feb 2, 2026, 2:00 PM

Transcript

Tyson Foods reports Q1 2026 results

TSN

Earnings

Guidance Update

Share Buyback

Sales increased by more than 6% year-over-year, driven by broad-based strength across protein segments.
1Q26 Adjusted Operating Income was $572 million (4.0% margin) on $14.3 billion of sales, and Adjusted EPS was $0.97.
Free Cash Flow totaled $690 million, while net debt to Adjusted EBITDA improved to 2.0×, reflecting strong cash generation and deleveraging.
Returned capital via a $224 million share repurchase in the quarter.
FY26 guidance calls for 2–4% sales growth, $2.1–2.3 billion of Adjusted Operating Income, and $1.1–1.7 billion of Free Cash Flow.

Feb 2, 2026, 2:00 PM

Presentation

Tyson Foods reports Q1 2026 results

TSN

Earnings

Guidance Update

Share Buyback

Total company net sales grew 6.2% to $14.3 billion, and Q1 segment operating income was $811 million, down 12% YoY driven by beef segment losses.
Prepared Foods sales increased 8.1%, with segment operating income of $338 million, up $16 million YoY; Chicken segment operating income was $459 million (10.9% margin) from volume growth and operational efficiency.
Tyson is closing its Lexington, NE beef facility and reducing Amarillo, TX to a single shift to improve capacity utilization; beef segment income declined as higher cattle costs offset cutout values.
Q1 operating cash flow was $942 million, CapEx $252 million, free cash flow ~$700 million; liquidity ended at $4.5 billion, net leverage 2.0×, and share repurchases totaled $47 million.
2026 guidance: sales up 2–4%, adjusted operating income $2.1–2.3 billion, free cash flow $1.1–1.7 billion, with segment operating income outlook including beef losses of $500–250 million and chicken at $1.65–1.9 billion.