Tyson Foods

TSN Q1 2026 Earnings

Reported Feb 2, 2026 at 7:03 AM ET · SEC Source

Q1 26 EPS

$0.97

BEAT +3.08%

Est. $0.94

Q1 26 Revenue

$14.31B

BEAT +2.11%

Est. $14.02B

vs S&P Since Q1 26

-18.6%

TRAILING MARKET

TSN -12.2% vs S&P +6.4%

Market Reaction

Did TSN Beat Earnings? Q1 2026 Results

Tyson Foods delivered a broad beat in fiscal Q1 2026, with adjusted EPS of $0.97 clearing the $0.94 consensus by 3.08% and revenue of $14.31 billion topping estimates by 2.11% on 5.1% year-over-year growth, though the results carried meaningful compl… Read more Tyson Foods delivered a broad beat in fiscal Q1 2026, with adjusted EPS of $0.97 clearing the $0.94 consensus by 3.08% and revenue of $14.31 billion topping estimates by 2.11% on 5.1% year-over-year growth, though the results carried meaningful complexity beneath the headline numbers. The single most consequential drag was the Beef segment, which swung to an adjusted operating loss of $143 million from income of $6 million a year ago, as tight domestic cattle supply and elevated livestock costs overwhelmed a 17.2% average price increase, a dynamic management expects to persist with Beef guided to an adjusted operating loss of $250 million to $500 million for the full fiscal year. Chicken remained the company's engine, generating $459 million in adjusted segment income while posting its fifth consecutive quarter of volume growth at 3.7%, and full-year Chicken guidance of $1.65 billion to $1.90 billion anchors the company's total adjusted operating income outlook of $2.1 billion to $2.3 billion. The strength in poultry mirrors favorable demand trends visible across the broader chicken industry. Tyson also reduced net debt leverage to 2.0x and guided free cash flow of $1.1 billion to $1.7 billion for fiscal 2026.

Key Takeaways

  • Prepared Foods delivered top and bottom-line growth
  • Chicken reported fifth consecutive quarter of year-over-year volume gains (3.7% volume increase)
  • Beef segment average price increased 17.2% but volumes declined 7.3%
  • Pork segment adjusted operating income grew to $111 million from $73 million year-over-year
  • Legal contingency accruals of $150 million recognized as reduction to sales impacted GAAP results
  • Restructuring and related charges of $115 million impacted operating income
  • Impairment of equity investments of $73 million impacted net income
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TSN YoY Financials

Q1 2026 vs Q1 2025, source: SEC Filings

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TSN Revenue by Segment

With YoY comparisons, source: SEC Filings

Q3 25 Q2 26

“Our first quarter results reflect solid execution across our portfolio. Prepared Foods delivered top and bottom-line growth while Chicken reported its fifth consecutive quarter of year-over-year volume gains. As protein demand continues to increase, our consistent share gains demonstrate we are well-positioned to capture this momentum. I'm encouraged by the progress we've made and confident we will drive continued improvement across the controllable aspects of our business in fiscal 2026.”

— Donnie King, Q1 2026 Earnings Press Release