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 +24 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 +15 more

Leah Jordan

Goldman Sachs Group, Inc.

4 questions for TSN

Also covers: ACI, CAG, CALM +9 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, CAG +10 more

Ben Theurer

Barclays

2 questions for TSN

Also covers: ADM, CX, HRL +6 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 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.

1 day ago

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.

1 day ago

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.

1 day ago

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.

1 day ago

Transcript

Tyson Foods updates segment reporting effective Q1 fiscal 2026

TSN

Accounting Changes

Effective Q1 fiscal 2026, Tyson Foods no longer allocates corporate expenses and amortization to reportable segments and will separately disclose these items; it also identified International as a new reportable segment.
Segment operating income (loss) is now defined as operating income (loss) less corporate expenses and amortization and is the measure used by the CODM to assess segment performance and allocate resources.
All prior period amounts for fiscal years 2025, 2024 and 2023 have been recast to reflect the new presentation of segment operating income (loss), with revised data provided in Exhibit 99.1.

1 day ago

8-K

Tyson Foods beats Q1 estimates on chicken demand

TSN

Earnings

Guidance Update

Tyson Foods reported adjusted EPS of $0.97 and revenue of $14.31 billion, topping first-quarter expectations.
Beef sales volumes declined by ~7% on a 75-year low U.S. cattle herd, while chicken volumes rose for the fifth consecutive quarter.
Raised fiscal 2026 adjusted operating income outlook for its chicken segment to $1.65–$1.90 billion, up from $1.25–$1.50 billion previously.
Forecast fiscal 2026 sales growth of 2%–4% and ended the quarter with $4.5 billion in liquidity; GAAP cash from operations was $942 million and non-GAAP free cash flow was $690 million.

1 day ago

Bloomberg

Tyson Foods reports Q1 2026 results

TSN

Earnings

Guidance Update

Tyson Foods recorded $14.3 billion in sales, up 5.1% year-over-year (6.2% excluding $150 million legal accruals) in Q1 FY2026.
GAAP operating income fell 48% to $302 million and GAAP EPS declined 76% to $0.24; on a non-GAAP basis, operating income was $572 million (–13%) and EPS $0.97 (–15%).
Prepared Foods delivered top- and bottom-line growth, while Chicken achieved its fifth consecutive quarter of year-over-year volume gains.
Liquidity remained strong at $4.5 billion, cash provided by operations was $942 million, and free cash flow totaled $690 million in the quarter.
For FY2026, Tyson expects sales growth of 2–4%, adjusted operating income of $2.1–2.3 billion, and free cash flow of $1.1–1.7 billion.

1 day ago

8-K

Tyson Foods reports first quarter 2026 results

TSN

Earnings

Sales rose 5.1% to $14.3 billion in Q1 2026 (up 6.2% excluding a $150 million legal accrual), with GAAP operating income of $302 million (-48%) and adjusted operating income of $572 million (-13%).
GAAP EPS was $0.24, down 76% year-over-year; adjusted EPS declined 15% to $0.97.
Chicken segment volumes increased for the fifth consecutive quarter, and Prepared Foods delivered both top-line and bottom-line growth.
The company ended Q1 with $4.5 billion in liquidity and generated $690 million in free cash flow (non-GAAP), down $70 million from the prior year.

1 day ago

Press Release

Tyson Foods enters new $750 million credit facility

TSN

Debt Issuance

On December 12, 2025, Tyson Foods executed a $750 million Loan Agreement with CoBank as administrative agent, establishing a revolving credit facility to replace its prior term loan.
The facility allows ABR and SOFR-based borrowings, includes customary fees and covenants such as maintaining a 3.5 to 1.0 interest coverage ratio and restrictions on M&A and asset sales.
The 2023 Term Loan Agreement was terminated and all outstanding borrowings under that facility were repaid upon effectiveness of the new agreement.

Dec 15, 2025, 10:07 PM

8-K

Tyson Foods plans January 2026 Lexington plant closure and Amarillo shift reduction

TSN

Layoffs

Profit Warning

Tyson Foods will close its Lexington, Nebraska beef processing plant in January 2026 and cut the Amarillo, Texas facility to a single full-capacity shift amid heavy losses in its beef segment and a 70-year low U.S. cattle herd.
The actions will affect about 3,200 workers in Lexington and 1,700 in Amarillo, prompting concern from Nebraska officials and calls for employee support.
Tyson projects $400–$600 million in fiscal 2026 losses in its beef operations due to high retail prices, reduced packing capacity, and market volatility.
The restructuring mirrors past closures (Cargill Plainview 2013, Tyson Norfolk 2006) that disrupted local economies and has intensified calls for market reforms to ensure fair access for producers.
To offset capacity reductions, the company plans to boost production at other facilities to optimize volumes and meet customer demand.