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Tyson Foods
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Latest analysis
Updated Sep 3, 2026
Tyson Foods cuts FY2026 guidance amid severe cattle shortage and beef segment collapse.
Tyson Foods revised its fiscal 2026 outlook downward on September 3, 2026, citing one of the most severe cattle shortages in U.S. history and significant margin compression in the Beef segment. The company now expects revenue growth of 1.5% to 2.0% (down from prior guidance) and adjusted operating income of $1.85 billion to $2.05 billion, with Beef segment operating income projected to swing to a loss of $625 million to $775 million. Management initiated a restructuring of the Beef network to three strategically located facilities in the central United States, expected to reduce operating cost pressures starting in fiscal 2027. Chicken and Prepared Foods segments remain resilient, but overall profitability is materially compressed by cattle-cycle dynamics and softer pork prices.
Tone: defensiveRevenue
$54.4B
TSN 10-K · FY 2025
Employees
133,000
Revenue growth YoY
+2.1%
Founded
1935
Profile
TSN 10-K Item 1 · Nov 10, 2025Tyson Foods is one of the world's largest food companies and a recognized leader in protein, operating a fully vertically-integrated chicken production process alongside beef, pork and prepared foods businesses. Founded in 1935 and headquartered in Springdale, Arkansas, the company markets products across approximately 140 countries under brands including Tyson, Jimmy Dean, Hillshire Farm and Ball Park. The company operates four reportable segments: Beef, Pork, Chicken and Prepared Foods.
Read filing description ↓ Collapse description ↑
Tyson Foods, Inc. and its subsidiaries is a world-class food company and recognized leader in protein. Founded in 1935 by John W. Tyson, it has grown under four generations of family leadership. The Company is unified by this purpose: Tyson Foods. We Feed the World Like Family and has a broad portfolio of iconic products and brands including Tyson, Jimmy Dean, Hillshire Farm, Ball Park, Wright, State Fair, Aidells and ibp. Tyson Foods is dedicated to bringing high-quality food to every table in the world, safely, and affordably, now and for future generations. Headquartered in Springdale, Arkansas, the Company had approximately 133,000 employees on September 27, 2025. We operate a fully vertically-integrated chicken production process. Our integrated operations consist of breeding stock, contract farmers, feed production, processing, further-processing, marketing and transportation of chicken and related specialty products, including animal and pet food ingredients. Through our wholly-owned subsidiary, Cobb-Vantress, we are one of the leading poultry breeding stock suppliers in the world. We also process live fed cattle and hogs and fabricate dressed beef and pork carcasses into primal and sub-primal meat cuts, case-ready beef and pork and fully-cooked meats. We produce a wide range of fresh, value-added, frozen and refrigerated food products. Our products are marketed and sold primarily by our sales staff to grocery retailers, grocery wholesalers, meat distributors, warehouse club stores, military commissaries, industrial food processing companies, chain restaurants or their distributors, live markets, international export companies and domestic distributors.
Primary products
- fresh beef
- case-ready beef
- primal and sub-primal beef cuts
- fresh pork
- case-ready pork
- primal and sub-primal pork cuts
Business segments
End markets
Geographies
Named customers
Walmart Inc. accounted for approximately 18.7% of our fiscal 2025 consolidated sales. Sales to Walmart Inc. were included in all of our segments. Any extended discontinuance of sales to this customer could, if not replaced, have a material impact on our operations. No other single customer or customer group represented more than 10% of fiscal 2025 consolidated sales.
“We seek to achieve a leading market position for our products via our principal marketing and competitive strategy, which includes: identifying target markets for value-added products; concentrating production, sales and marketing efforts to appeal to and enhance demand from those markets; and utilizing our national distribution systems and customer support services.” Competitive position, as stated in the filing
Revenue commentary · FY 2025
Sales grew 2.1%, or $1.1 billion to $54.4 billion in fiscal 2025, largely due to higher average sales prices in the Beef, Pork and Prepared Foods segments, partially offset by $653 million of increased legal contingency accruals which reduced sales.
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