Tyson Foods Inc - Class A
Q4 2025 Earnings
Market Reaction
S&P 500 over the same 30 days: +1.13%.
Did TSN Beat Earnings? Q4 2025 Results
Tyson Foods delivered a sharply split fiscal fourth quarter, posting adjusted EPS of $1.15 against a consensus estimate of $0.83, a beat of 37.77%, even as revenue of $13.86 billion came in 1.49% below expectations despite rising 2.2% year over year. The divergence between headline and adjusted results was stark: GAAP EPS collapsed to $0.13 from $1.00 a year ago, weighed down by $395 million in legal contingency accruals, a $41 million product recall charge, and a $28 million investment impairment. Beneath those items, the Chicken segment drove the underlying strength, generating $457 million in adjusted operating income at a 10.4% margin, with volumes growing 3.7% for the fourth consecutive quarter of year-over-year gains. Beef remained a drag, posting a $94 million adjusted operating loss as cattle-cycle pressures prompted the company to announce facility closures in Nebraska and reduced operations in Texas. Looking ahead, Tyson guided fiscal 2026 adjusted operating income of $2.10 billion to $2.30 billion, with sales growth of 2% to 4%.
- Record Chicken profitability with 10.4% adjusted operating margin and fourth consecutive quarter of YoY volume growth
- Value-added product mix improvement across segments
- Network optimization and operational efficiencies
- Strong consumer demand for protein outpacing total Food & Beverage volume trends
- Retail branded volume up 2.4% driven by key categories
- Highest fill rates in Prepared Foods since FY2013
- Sixth consecutive quarter of YoY growth in sales, adjusted operating income, and adjusted EPS
“We delivered year-over-year growth in sales, adjusted operating income and adjusted earnings per share, reflecting the strength of our multi-protein, multi-channel portfolio. This fiscal year's progress demonstrates our commitment to operational excellence while meeting the evolving needs of our customers and consumers. As a world-class food company and recognized leader in protein, we remain focused on continuously improving the controllable aspects of our business and delivering shareholder value.”
Tyson Foods CEO, on the earnings call
Forward Guidance & Outlook
For fiscal 2026, Tyson Foods expects total company adjusted operating income of $2.1 billion to $2.3 billion, with sales growth of 2% to 4% compared to fiscal 2025. Segment guidance: Chicken AOI of $1,250M–$1,500M; Prepared Foods AOI of $950M–$1,050M; Pork AOI of $150M–$250M; Beef adjusted operating loss of $(600)M–$(400)M. Capital expenditures are expected between $700M–$1.0B. Free cash flow is projected at $0.8B–$1.3B. Net interest expense is expected to approximate $390M. Adjusted effective tax rate is expected to approximate 25%. USDA projects domestic protein production will increase approximately 1% vs. fiscal 2025, with beef production down ~2%, pork up ~3%, and chicken up ~1%. Fiscal 2026 will be a 53-week year but guidance is based on a comparable 52-week basis. The annual dividend rate increases 2% to $2.04 per Class A share.
TSN YoY Financials
TSN Revenue by Segment
Figures from SEC filings and company reports. Not investment advice.