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LOS ANGELES--(BUSINESS WIRE)---- $TSN--TSN Investors Have Opportunity to Join Tyson Foods, Inc. Fraud Investigation with SBS Law.

Nykredit A S bought a new position in shares of Tyson Foods, Inc. (NYSE:TSN – Free Report) in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The firm bought 45,215 shares of the company’s stock, valued at approximately $2,589,000.

Other institutional investors have also bought and sold shares of the company. Quantinno Capital Management LP raised its position in Tyson Foods by 5.2% in the 1st quarter. Quantinno Capital Management LP now owns 1,282,438 shares of the company’s stock valued at $82,166,000 after purchasing an additional 63,885 shares during the last quarter. Pzena Investment Management LLC boosted its stake in Tyson Foods by 10.7% in the fourth quarter. Pzena Investment Management LLC now owns 15,310,513 shares of the company’s stock worth $897,502,000 after purchasing an additional 1,480,987 shares in the last quarter. Swiss National Bank grew its holdings in shares of Tyson Foods by 6.1% during the first quarter. Swiss National Bank now owns 830,700 shares of the company’s stock worth $53,223,000 after purchasing an additional 47,900 shares during the last quarter. Wedge Capital Management L L P NC grew its holdings in shares of Tyson Foods by 10.6% during the second quarter. Wedge Capital Management L L P NC now owns 621,639 shares of the company’s stock worth $35,589,000 after purchasing an additional 59,451 shares during the last quarter. Finally, Edgestream Partners L.P. increased its stake in shares of Tyson Foods by 252.8% in the first quarter. Edgestream Partners L.P. now owns 66,763 shares of the company’s stock valued at $4,278,000 after buying an additional 47,841 shares in the last quarter. Institutional investors and hedge funds own 67.00% of the company’s stock.

Tyson Foods Stock Up 0.1% NYSE TSN opened at $51.47 on Tuesday. The stock has a market capitalization of $18.11 billion, a P/E ratio of 31.77, a price-to-earnings-growth ratio of 1.72 and a beta of 0.38. Tyson Foods, Inc. has a 52 week low of $50.56 and a 52 week high of $69.48. The company has a debt-to-equity ratio of 0.36, a quick ratio of 0.55 and a current ratio of 1.43. The stock has a fifty day moving average of $57.47 and a 200-day moving average of $60.66.

Tyson Foods (NYSE:TSN – Get Free Report) last issued its quarterly earnings results on Monday, August 3rd. The company reported $0.99 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.99. The business had revenue of $13.87 billion for the quarter, compared to analyst estimates of $14.07 billion. Tyson Foods had a return on equity of 7.77% and a net margin of 1.03%.The firm’s revenue for the quarter was down .1% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.91 earnings per share. On average, equities research analysts forecast that Tyson Foods, Inc. will post 3.95 EPS for the current year. Tyson Foods Announces Dividend The firm also recently announced a quarterly dividend, which will be paid on Tuesday, December 15th. Shareholders of record on Tuesday, December 1st will be given a dividend of $0.51 per share. The ex-dividend date is Tuesday, December 1st. This represents a $2.04 dividend on an annualized basis and a yield of 4.0%. Tyson Foods’s dividend payout ratio is presently 125.93%.

Analysts Set New Price Targets A number of research analysts recently issued reports on the company. Sanford C. Bernstein cut their price target on Tyson Foods from $72.00 to $63.00 and set a “market perform” rating for the company in a report on Thursday, July 2nd. HSBC decreased their price objective on shares of Tyson Foods from $74.00 to $69.00 and set a “hold” rating on the stock in a report on Wednesday, July 29th. Wall Street Zen cut shares of Tyson Foods from a “buy” rating to a “hold” rating in a research report on Saturday, June 20th. Piper Sandler reaffirmed an “overweight” rating and issued a $78.00 target price (down from $80.00) on shares of Tyson Foods in a research note on Thursday, June 18th. Finally, Zacks Research lowered shares of Tyson Foods from a “hold” rating to a “strong sell” rating in a research report on Thursday, August 6th. Four analysts have rated the stock with a Buy rating, eight have given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, Tyson Foods presently has a consensus rating of “Hold” and an average price target of $69.44.

View Our Latest Research Report on TSN

About Tyson Foods (Free Report)

Tyson Foods, Inc (NYSE: TSN) is a multinational food company primarily engaged in the production, processing and marketing of protein-based and prepared food products. Founded in 1935 and headquartered in Springdale, Arkansas, the company is one of the world’s largest processors of chicken, beef and pork. Its operations span live animal procurement and farming relationships through slaughter, further processing and distribution, supplying raw protein and value-added prepared foods to retail, foodservice and industrial customers.

The company’s product portfolio covers fresh and frozen meats, branded and private-label prepared foods, and a range of value-added items such as ready-to-eat and ready-to-cook meals, snack and sandwich meats.

See Also Five stocks we like better than Tyson Foods 3 Under-the-Radar Defense Stocks With Record Backlogs This Korea ETF Has Soared, But the Rally May Not Be Over Why Guidewire’s Post-Earnings Plunge May Not Last Ride-Share Reckoning: Tesla Drives Into Uber’s Lane Want to see what other hedge funds are holding TSN? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Tyson Foods, Inc. (NYSE:TSN – Free Report).

Receive News & Ratings for Tyson Foods Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Tyson Foods and related companies with MarketBeat.com's FREE daily email newsletter.

AlphaGrep UK Ltd purchased a new stake in shares of Tyson Foods, Inc. (NYSE:TSN – Free Report) during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 16,394 shares of the company’s stock, valued at approximately $939,000.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Cary Street Partners Investment Advisory LLC grew its position in Tyson Foods by 62.3% in the 4th quarter. Cary Street Partners Investment Advisory LLC now owns 516 shares of the company’s stock valued at $30,000 after buying an additional 198 shares in the last quarter. Ascentis Independent Advisors bought a new position in shares of Tyson Foods in the first quarter valued at approximately $30,000. Basecamp Wealth Advisors LLC increased its stake in shares of Tyson Foods by 272.8% during the first quarter. Basecamp Wealth Advisors LLC now owns 466 shares of the company’s stock valued at $30,000 after acquiring an additional 341 shares during the period. Cedar Mountain Advisors LLC raised its holdings in Tyson Foods by 293.5% during the first quarter. Cedar Mountain Advisors LLC now owns 488 shares of the company’s stock worth $31,000 after purchasing an additional 364 shares in the last quarter. Finally, Archer Investment Corp acquired a new stake in Tyson Foods in the second quarter worth approximately $31,000. 67.00% of the stock is currently owned by institutional investors and hedge funds.

Tyson Foods News Roundup Here are the key news stories impacting Tyson Foods this week:

Positive Sentiment: BMO Capital Markets maintained an “outperform” rating while lowering its price target from $75 to $65. The new target still represents approximately 26% potential upside from the reference price. Benzinga analyst update Positive Sentiment: Goldman Sachs reportedly reaffirmed its “buy” rating, suggesting some analysts believe Tyson’s longer-term recovery prospects remain intact despite near-term beef-market challenges. Goldman Sachs rating update Neutral Sentiment: Tyson’s shares recovered from earlier weakness as investors assessed the revised outlook, but trading remains focused on whether improvements in other protein categories can offset beef-related pressure. Tyson Foods stock trend report Negative Sentiment: Tyson reduced fiscal 2026 adjusted operating-income guidance to $1.85 billion–$2.05 billion, below its prior $2.1 billion–$2.4 billion range, citing cattle shortages, volatile cattle costs and intensified beef-segment pressure. Reuters outlook report Negative Sentiment: The company also lowered expected fiscal 2026 revenue growth to 1.5%–2% from 2.5%–3.5%, increasing concerns about slower growth and weaker earnings visibility. Wall Street Journal revenue guidance report Negative Sentiment: A law firm announced a potential investor investigation related to Tyson’s $1 billion senior-note offering and the subsequent guidance reductions, adding a legal-risk overhang. Investor investigation notice Wall Street Analyst Weigh In TSN has been the topic of several research analyst reports. Zacks Research cut Tyson Foods from a “hold” rating to a “strong sell” rating in a research report on Thursday, August 6th. Bank of America decreased their target price on Tyson Foods from $70.00 to $68.00 and set a “neutral” rating for the company in a research note on Thursday, July 2nd. Piper Sandler reaffirmed an “overweight” rating and set a $78.00 target price (down from $80.00) on shares of Tyson Foods in a report on Thursday, June 18th. HSBC dropped their price target on shares of Tyson Foods from $74.00 to $69.00 and set a “hold” rating on the stock in a research report on Wednesday, July 29th. Finally, BMO Capital Markets cut their price target on shares of Tyson Foods from $75.00 to $65.00 and set an “outperform” rating for the company in a report on Friday. Four analysts have rated the stock with a Buy rating, eight have issued a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, Tyson Foods currently has a consensus rating of “Hold” and an average target price of $69.44. View Our Latest Stock Analysis on Tyson Foods

Tyson Foods Stock Down 0.6% TSN stock opened at $51.47 on Friday. The stock has a market capitalization of $18.11 billion, a price-to-earnings ratio of 31.77, a price-to-earnings-growth ratio of 1.73 and a beta of 0.38. The company has a 50-day moving average of $57.61 and a two-hundred day moving average of $60.77. Tyson Foods, Inc. has a 52-week low of $50.56 and a 52-week high of $69.48. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.43 and a quick ratio of 0.55.

Tyson Foods (NYSE:TSN – Get Free Report) last posted its quarterly earnings data on Monday, August 3rd. The company reported $0.99 EPS for the quarter, hitting analysts’ consensus estimates of $0.99. Tyson Foods had a return on equity of 7.77% and a net margin of 1.03%.The business had revenue of $13.87 billion for the quarter, compared to analyst estimates of $14.07 billion. During the same period in the previous year, the company posted $0.91 earnings per share. The firm’s revenue for the quarter was down .1% on a year-over-year basis. As a group, equities research analysts anticipate that Tyson Foods, Inc. will post 3.95 EPS for the current year.

Tyson Foods Announces Dividend The business also recently declared a quarterly dividend, which will be paid on Tuesday, December 15th. Shareholders of record on Tuesday, December 1st will be issued a $0.51 dividend. The ex-dividend date of this dividend is Tuesday, December 1st. This represents a $2.04 dividend on an annualized basis and a yield of 4.0%. Tyson Foods’s dividend payout ratio is 125.93%.

Tyson Foods Company Profile (Free Report)

Tyson Foods, Inc (NYSE: TSN) is a multinational food company primarily engaged in the production, processing and marketing of protein-based and prepared food products. Founded in 1935 and headquartered in Springdale, Arkansas, the company is one of the world’s largest processors of chicken, beef and pork. Its operations span live animal procurement and farming relationships through slaughter, further processing and distribution, supplying raw protein and value-added prepared foods to retail, foodservice and industrial customers.

The company’s product portfolio covers fresh and frozen meats, branded and private-label prepared foods, and a range of value-added items such as ready-to-eat and ready-to-cook meals, snack and sandwich meats.

See Also Five stocks we like better than Tyson Foods Revolution Medicines Got Its Breakthrough—What Moves It Next? Retail Earnings Just Exposed a Bigger Divide in the U.S. Consumer Economy FB Financial’s Southern Expansion and Buybacks Drive Analyst Optimism AST SpaceMobile Stock Soared 12%—This Was the Catalyst Want to see what other hedge funds are holding TSN? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Tyson Foods, Inc. (NYSE:TSN – Free Report).

Receive News & Ratings for Tyson Foods Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Tyson Foods and related companies with MarketBeat.com's FREE daily email newsletter.

Shares of Tyson Foods Inc. (NYSE:TSN) are trading flat Friday morning, recovering from earlier session lows. The rebound follows the company’s decision to cut its full-year fiscal 2026 outlook for the second time in a month.

Tyson Foods stock is trading at depressed levels. What’s ahead for TSN stock? Deepening Beef Losses Force Second Guidance Cut in a MonthIn an updated outlook issued late Thursday, Tyson Foods lowered its full-year fiscal 2026 revenue growth forecast to 1.5% to 2.0%, down from the 2.5% to 3.5% range communicated on Aug. 3.

The company also reduced its projected full-year adjusted operating income to a range of $1.85 billion to $2.05 billion, down from its previous target of $2.1 billion to $2.3 billion.

The downward revision stems from severe margin compression and inventory write-downs in Tyson’s Beef segment. Tyson expanded its projected full-year Beef operating loss to between $625 million and $775 million, citing historic U.S. cattle shortages and volatile livestock market valuations.

By contrast, performance in other segments remains relatively stable, with full-year adjusted operating income projected at $1.85 billion to $1.95 billion for Chicken and $200 million to $250 million for Pork.

Management Highlights Strategic Restructuring Amid Commodity HeadwindsAddressing the intensified pressures, Tyson Foods President and Chief Executive Officer Donnie King emphasized ongoing operational adjustments while navigating the cattle cycle:

“The Beef pressures that have intensified this quarter reflect industry-wide cattle-cycle dynamics that required decisive action,” King said. “As announced in August, we are restructuring our Beef network around three strategically located facilities in the central United States to create a more efficient and competitive footprint for the long term. We expect these actions to begin reducing operating cost pressures as we enter fiscal 2027.”

King added that the company’s multi-protein model helps cushion individual commodity shocks: “Our diversified, multi-protein portfolio helps us manage pressure from individual commodity cycles. We remain focused on the factors within our control: operational execution, brand investment, innovation and deeper strategic customer relationships.”

TSN Shares Pause Friday MorningTSN Price Action: Tyson Foods shares were down 0.83% at $51.33 at the time of publication on Friday, according to Benzinga Pro data.

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A $1 billion Tyson Foods offering for senior notes, half due in 2031 and the other half in 2027, were issued following the Company's third quarter results. Less than one month later, the Company slashed its fiscal 2026 revenue-growth outlook.

, /PRNewswire/ -- A $1 billion Tyson Foods (NYSE: TSN) note offering was commenced on August 10, 2026. On September 3, 2026, the Company's fiscal 2026 revenue-growth outlook was cut to 1.5%-2.0% from 2.5%-3.5%, a reduction of 1.25 percentage points at the midpoint, with TSN shares moving lower. If you lost money on Tyson Foods stock, you are encouraged to tell us about your TSN losses now. You may also contact Joseph E. Levi, Esq. via email at [email protected] or by telephone at (212) 363-7500.

The offering was made under a prospectus supplement on Form 424B5 (accession 0001140361-26-031943), dated August 10, 2026. The filing's "Recent Developments" section described the debt offering and the concurrent tender offer. It did not apparently reference the risk of an upcoming downward revision to Tyson's fiscal 2026 revenue-growth expectations.

Levi & Korsinsky is investigating potential securities law violations, including whether Tyson Foods adequately disclosed the risk to its fiscal 2026 outlook in the materials distributed to investors evaluating the $1 billion financing. Revenue guidance has been identified across ten independent news and market sources as the catalyst for the share price decline that followed.

TSN investors who suffered a loss are encouraged to start a no-cost review of your Tyson Foods losses. You may also contact Joseph E. Levi, Esq. via email at [email protected] or by telephone at (212) 363-7500.

WHY LEVI & KORSINSKY -- Ranked in ISS Securities Class Action Services' Top 50 Report for seven consecutive years, Levi & Korsinsky, LLP is a nationally recognized leader in shareholder rights litigation. With a team of over 70 professionals, the firm has recovered hundreds of millions of dollars for investors.

Frequently Asked Questions About the TSN Investigation

Q: Who is eligible to participate in the TSN investigation?A: Investors who purchased Tyson Foods stock or securities and suffered financial losses may be eligible. Eligibility is based on purchase date and documented losses -- not on whether you still hold the shares.

Q: Which statements are being investigated as potentially misleading?A: The investigation concerns whether Tyson Foods made materially false or misleading statements regarding its fiscal 2026 revenue-growth outlook and the disclosures provided to investors in its August 10, 2026 note offering materials. When Tyson Foods reduced their growth outlook, the share price sharply declined.

Q: When did Tyson Foods allegedly mislead investors?A: The investigation concerns statements made before the corrective disclosure that allegedly caused investors to purchase securities at inflated prices.

Q: What do TSN investors need to do right now?A: Investors may gather brokerage records showing purchase dates, share quantities, and prices paid. Submit your information for a no-cost, no-obligation evaluation of your potential recovery. No immediate action is required to remain eligible to participate in the investigation.

Q: What is a lead plaintiff and why does it matter?A: If the investigation proceeds to legal action, a lead plaintiff is the investor the court appoints to represent the group of affected investors. Lead plaintiffs are typically investors with the largest documented losses. Contacting the firm during the investigation phase preserves that option.

Q: What if I already sold my TSN shares -- can I still recover losses?A: Yes. Eligibility is based on when you purchased, not whether you still hold the shares. Investors who bought TSN and sold at a loss may still participate in the investigation.

Q: What does it cost me to participate?A: There is no upfront cost to submit your information and review whether you may be eligible to recover. Should you choose to participate in any resulting action, these matters are generally handled on a contingency basis, with any attorneys' fees and expenses subject to court approval.

Q: Do I need to go to court or give testimony?A: No. Participating in the investigation does not require court appearances or depositions. If legal action is later pursued, the overwhelming majority of affected investors never appear in court either.

CONTACT:
Levi & Korsinsky, LLP
Joseph E. Levi, Esq.
Ed Korsinsky, Esq.
33 Whitehall Street, 27th Floor
New York, NY 10004
[email protected]
Tel: (212) 363-7500
Fax: (212) 363-7171

Attorney Advertising. Prior results do not guarantee similar outcomes.

SOURCE Levi & Korsinsky, LLP

Tyson Foods updated its fiscal 2026 outlook Thursday. Investors aren't too pleased.

The company said that it expects revenue in fiscal 2026 to rise by 1.5% to 2%, down from a previous range of 2.5% to 3.5%.

It has been about a month since the last earnings report for Tyson Foods (TSN - Free Report) . Shares have lost about 6.3% in that time frame, underperforming the S&P 500.

But investors have to be wondering, will the recent negative trend continue leading up to its next earnings release, or is Tyson due for a breakout? Before we dive into how investors and analysts have reacted as of late, let's take a quick look at its latest earnings report in order to get a better handle on the important drivers.

Tyson Foods Q3 Earnings & Revenues Miss Estimates, Volumes Fall Y/YTyson Foods reported solid third-quarter fiscal 2026 results, with the top line remaining relatively flat compared with the prior year and the bottom line increasing year over year. However, both revenues and earnings miss the Zacks Consensus Estimate.

Tyson Foods posted adjusted earnings of 99 cents per share, which miss the Zacks Consensus Estimate of $1.03. The bottom line increased 9% from 91 cents in the year-ago quarter.

Total sales of $13,868 million were in line with the prior year quarter’s $13,884 million. Excluding a $98 million legal contingency accrual recorded as a reduction to sales in the current-year quarter, sales increased 0.6%. The top line missed the Zacks Consensus Estimate of $14,139 million. Average price changes had a 3.4% positive impact on the top line, while total volumes dipped 2.8% year over year.

The gross profit in the quarter was $921 million, down from $1,141 million reported in the year-ago period.

Adjusted operating income rose 8.3% year over year to $547 million. The adjusted operating margin expanded 30 basis points to 3.9%.

Decoding TSN’s Segmental DetailsBeef: Sales in the segment decreased to $5,391 million from $5,603 million reported in the year-ago quarter. Volumes fell 15.9% and the average price jumped 12.1% in the segment.

Pork: Sales in the segment increased to $1,580 million from $1,506 million reported in the year-ago quarter. Volumes grew 5.2% and the average price decreased 0.3%.

Chicken: Sales in the segment improved to $4,255 million from $4,220 million reported in the year-ago quarter. Volumes grew 1% and the average price was up 2.2%.

Prepared Foods: Sales in the segment came in at $2,557 million, up from $2,515 million reported in the year-ago quarter. Volumes grew 0.1% and the average price rose 1.6%.

International: Sales in the segment were $601 million compared with $557 million reported in the year-ago quarter. Volumes fell 3.5%, whereas the average sales price increased 11.4%.

Tyson Foods’ Other Financial UpdatesThe company exited the quarter with cash and cash equivalents of $740 million, long-term debt of $6,579 million and total shareholders’ equity (including non-controlling interests) of $18,185 million.

For the first nine months of fiscal 2026, cash provided by operating activities totaled $1,469 million, while capital expenditures were $556 million. For fiscal 2026, Tyson Foods expects capital expenditures in the range of $700 million to $900 million, primarily indicating investments in profit improvement, as well as maintenance and repair projects. The company expects free cash flow of $1.3 billion to $1.7 billion for fiscal 2026.

What to Expect From TSN in FY26?For fiscal 2026, the United States Department of Agriculture (“USDA”) anticipates domestic protein production (beef, pork, chicken and turkey) to rise around 1% compared with the level of fiscal 2025.

For the Beef segment, the USDA projects domestic protein production to dip nearly 3% year over year. The company expects an adjusted operating loss of $500-$650 million in fiscal 2026, compared with its earlier guidance of a $350-$500 million loss.

For Pork, the USDA projects domestic production to rise nearly 2%. The company expects adjusted operating income of $250-$300 million.

For Chicken, the USDA anticipates domestic production to grow about 3% year over year. The company still expects adjusted operating income of $1.9-$2.05 billion.

For Prepared Foods, management projects adjusted operating income of $1.3-$1.35 billion for fiscal 2026, compared with its previous forecast of $1.25-$1.35 billion.

For International, management projects adjusted operating income of $150-$200 million for fiscal 2026.

The company’s total revenue growth is anticipated in the range of 2.5-3.5% in fiscal 2026 compared with the fiscal 2025 level. Adjusted operating income is envisioned in the $2.1-$2.3 billion band, compared with its earlier guidance of $2.2-$2.4 billion.

How Have Estimates Been Moving Since Then?It turns out, estimates review flatlined during the past month.

The consensus estimate has shifted -7.6% due to these changes.

VGM ScoresCurrently, Tyson has a average Growth Score of C, however its Momentum Score is doing a lot better with an A. Following the exact same course, the stock has a grade of A on the value side, putting it in the top quintile for this investment strategy.

Overall, the stock has an aggregate VGM Score of A. If you aren't focused on one strategy, this score is the one you should be interested in.

Outlook Tyson has a Zacks Rank #4 (Sell). We expect a below average return from the stock in the next few months.

Performance of an Industry PlayerTyson is part of the Zacks Food - Meat Products industry. Over the past month, Pilgrim's Pride (PPC - Free Report) , a stock from the same industry, has gained 15.3%. The company reported its results for the quarter ended June 2026 more than a month ago.

Pilgrim's Pride reported revenues of $4.63 billion in the last reported quarter, representing a year-over-year change of -2.8%. EPS of $0.64 for the same period compares with $1.70 a year ago.

For the current quarter, Pilgrim's Pride is expected to post earnings of $0.75 per share, indicating a change of -50.7% from the year-ago quarter. The Zacks Consensus Estimate has changed -17.6% over the last 30 days.

The overall direction and magnitude of estimate revisions translate into a Zacks Rank #5 (Strong Sell) for Pilgrim's Pride. Also, the stock has a VGM Score of B.

SPRINGDALE, Ark., Aug. 24, 2026 (GLOBE NEWSWIRE) -- Tyson Foods, Inc. (the “Company” or “we”) (NYSE: TSN) announced today the pricing terms of the previously announced offers by the Company to purchase for cash each series (each, a “Series”) of the notes listed in the table below (the “Notes”) (i) in accordance with, and in the order of, the corresponding Acceptance Priority Levels and (ii) subject to, among other things, the Maximum Tender Cap, the 2027 Tender Sub-Cap and pro rata allocation, upon the terms and subject to the conditions set forth in the Offer to Purchase (as defined below). The Company also announced that it had eliminated the 5.400% 2029 Tender Sub-Cap. The offers to purchase with respect to each Series of Notes are referred to herein as the “Offers” and each, an “Offer.” Each Offer is made upon the terms and subject to the conditions set forth in the offer to purchase, dated August 10, 2026 (as amended or supplemented from time to time, the “Offer to Purchase”). Except as described in this press release, the terms and conditions of the Offers set forth in the Offer to Purchase remain unchanged. Capitalized terms used but not defined in this press release have the meanings given to them in the Offer to Purchase.

The applicable Total Consideration for each $1,000 in principal amount of Notes validly tendered and not validly withdrawn before 5:00 P.M., New York City time, on August 21, 2026 (the “Early Tender Deadline”) and accepted for purchase pursuant to the Offers was determined by reference to the applicable fixed spread for the Notes over the yield based on the bid price of the applicable reference security, as set forth in the table below. The Tender Offer Yield (as determined pursuant to the Offer to Purchase) listed in the table below was determined at 10:00 A.M., New York City time, today, August 24, 2026, by the Dealer Managers (as defined below). The Total Consideration for the Notes includes an early tender premium (the “Early Tender Premium”) of $30.00 per $1,000 principal amount of Notes accepted for purchase.

The following table sets forth the pricing terms for the Offers:

Title of
SecurityCUSIP / ISINTender Sub-Cap(1)Acceptance
Priority
LevelPrincipal Amount to be Accepted and CancelledProration Factor (rounded)Reference
SecurityFixed SpreadTender Offer YieldTotal Consideration(2)3.550% Senior Notes due 2027CUSIP: 902494 BC6
ISIN: US902494BC62$800,000,0001$571,260,000100.00%
3.875%
UST due 5/31/202720 bps4.231%
$994.875.400% Senior Notes due 2029CUSIP: 902494 BL6
ISIN: US902494BL61N/A2$389,974,000100.00%
4.125%
UST due 7/15/202925 bps4.545%
$1,019.774.350% Senior Notes due 2029CUSIP: 902494 BK8
ISIN: US902494BK88N/A3$235,342,00043.48%
4.125%
UST due 7/15/202930 bps4.595%
$994.24 (1) The 2027 Tender Sub-Cap represents the maximum aggregate purchase price of 3.550% Senior Notes due 2027 that will be purchased within the Offers. We reserve the right, but are under no obligation, to increase, decrease or eliminate the 2027 Tender Sub-Cap at any time, subject to compliance with applicable law.

(2) Per $1,000 principal amount of Notes validly tendered and not validly withdrawn and accepted for purchase in the applicable Offer at or prior to the Early Tender Deadline. Excludes Accrued Interest. Includes the Early Tender Premium.

As of the date of this press release, the Financing Condition has been satisfied. We expect settlement for the Notes validly tendered and not validly withdrawn at or prior to the Early Tender Deadline and accepted for purchase to occur on August 26, 2026. All payments for the Notes validly tendered and not validly withdrawn at or prior to the Early Tender Deadline and accepted for purchase will also include accrued and unpaid interest from the last interest payment date up to, but not including, the Early Settlement Date (the “Accrued Interest”). All Notes that have been accepted for purchase will be retired and canceled and will no longer remain outstanding obligations of the Company or any of the Company’s subsidiaries.

The Offers will expire at 5:00 P.M., New York City time, on September 8, 2026 (as the same may be extended with respect to any Offer, the “Expiration Date”). As a result of reaching the previously announced amount of $1,200,000,000 (the “Maximum Tender Cap”), by the Early Tender Deadline, no Notes tendered after the Early Tender Deadline will be accepted for purchase, regardless of their Acceptance Priority Level. Notes not accepted for purchase will be returned promptly to the tendering holders of the Notes (“Holders”) (or, in the case of Notes tendered by book-entry transfer, such Notes will be promptly credited to the account maintained at The Depository Trust Company from which such Notes were delivered) and otherwise returned in accordance with the Offer to Purchase.

BofA Securities, Inc., J.P. Morgan Securities LLC, Morgan Stanley & Co. LLC and Rabo Securities USA, Inc. are serving as the Dealer Managers in connection with the Offers (collectively, the “Dealer Managers”). Questions regarding terms and conditions of the Offers should be directed to BofA Securities, Inc. by calling toll free at (888) 292-0070 or collect at (980) 388-0539, to J.P. Morgan Securities LLC by calling toll free at (866) 834-4666 or collect at (212) 834-4818, to Morgan Stanley & Co. LLC by calling toll free at (800) 624-1808 or collect at (212) 761-1057 or to Rabo Securities USA, Inc. by calling toll free at (866) 746-3850.

D.F. King & Co., Inc. has been appointed as information agent and tender agent in connection with the Offers. Questions or requests for assistance in connection with the Offers or the delivery of tender instructions, or for additional copies of the Offer to Purchase, may be directed to D.F. King & Co., Inc. by calling collect at (212) 257-2075 (for banks and brokers) or toll free at (800) 967-5074 (for all others) or via e-mail at [email protected]. You may also contact your broker, dealer, commercial bank, trust company or other nominee for assistance concerning the Offers.

None of the Company, the Dealer Managers, D.F. King & Co., Inc., the trustee under the indenture governing the Notes or any of their respective affiliates is making any recommendation as to whether Holders should tender any Notes in response to the Offers. Holders must make their own decision as to whether to tender any of their Notes and, if so, the principal amounts of Notes to tender.

This press release is for informational purposes only and is not an offer to purchase or sell or a solicitation of an offer to purchase or sell with respect to any securities. Neither this press release nor the Offer to Purchase, or the electronic transmission thereof, constitutes an offer to purchase or sell or a solicitation of an offer to purchase or sell with respect to any securities, as applicable, in any jurisdiction in which, or to or from any person to or from whom, it is unlawful to make such offer or solicitation under applicable securities laws or otherwise. The distribution of this press release in certain jurisdictions may be restricted by law. In those jurisdictions where the securities, blue sky or other laws require the Offers to be made by a licensed broker or dealer and the Dealer Managers or any of their respective affiliates is such a licensed broker or dealer in any such jurisdiction, the Offers shall be deemed to be made by the Dealer Managers or such affiliate, as the case may be, on behalf of the Company in such jurisdiction.

About Tyson Foods, Inc.

Tyson Foods, Inc. (NYSE: TSN) 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 is a member of the S&P 500 and Russell 1000 large capitalization indices. It had approximately 133,000 team members on September 27, 2025.

Note Regarding Forward-Looking Statements

Certain information in this release constitutes forward-looking statements as contemplated by the Private Securities Litigation Reform Act of 1995. Such forward-looking statements include, but are not limited to, current views and estimates of our outlook for fiscal 2026, other future economic circumstances, industry conditions in domestic and international markets, our performance and financial results (e.g., debt levels, return on invested capital, value-added product growth, capital expenditures, tax rates, access to foreign markets and dividend policy). These forward-looking statements are subject to a number of factors and uncertainties that could cause our actual results and experiences to differ materially from anticipated results and expectations expressed in such forward-looking statements. The Company cautions readers not to place undue reliance on any forward-looking statements, which are expressly qualified in their entirety by this cautionary statement and speak only as of the date made. Other important factors are discussed in detail in the company’s filings with the Securities and Exchange Commission, including in Part I, Item 1A. “Risk Factors” included in our most recent Annual Report on Form 10-K and Quarterly Reports on Form 10-Q. The Company undertakes no obligation to update any forward-looking statements, whether as a result of new information, future events or otherwise.

SPRINGDALE, Ark., Aug. 24, 2026 (GLOBE NEWSWIRE) -- Tyson Foods, Inc. (the “Company” or “we”) (NYSE: TSN) announced today the early results of the previously announced offers to purchase for cash commenced by the Company for the notes issued by the Company listed in the following table (the “Notes”) (i) in accordance with, and in the order of, the corresponding Acceptance Priority Levels (as defined below) and (ii) subject to, among other things, the Maximum Tender Cap, the 2027 Tender Sub-Cap and possible pro rata allocation, upon the terms and subject to the conditions set forth in the Offer to Purchase (as defined below), and our election, with respect to the Notes validly tendered and not validly withdrawn at or prior to the Early Tender Deadline (as defined below), to make payment for such Notes on August 26, 2026 (the “Early Settlement Date”).

The offers to purchase with respect to each series (each, a “Series”) of Notes are referred to herein as the “Offers” and each, an “Offer.” Each Offer is made upon the terms and subject to the conditions set forth in the offer to purchase, dated August 10, 2026 (as may be amended or supplemented from time to time, including pursuant to this press release, the “Offer to Purchase”). Capitalized terms used but not defined in this press release have the meanings given to them in the Offer to Purchase.

In addition, the Company also announced that it has exercised its previously disclosed right to amend the terms of the Offers to eliminate the 5.400% 2029 Tender Sub-Cap. Except as described in this press release, the terms and conditions of the Offers set forth in the Offer to Purchase remain unchanged.

The Tender Agent and Information Agent (each as defined below) for the Offers has advised the Company that, as of 5:00 P.M., New York City time, on August 21, 2026 (such date and time, the “Early Tender Deadline”), the aggregate principal amounts of (i) 3.550% Senior Notes due 2027, (ii) 5.400% Senior Notes due 2029 and (iii) 4.350% Senior Notes due 2029 listed in the table below had been validly tendered and not validly withdrawn. The Withdrawal Deadline of 5:00 P.M., New York City time, on August 21, 2026 has passed and accordingly, the Notes validly tendered pursuant to the Offers may no longer be withdrawn, except in the limited circumstances described in the Offer to Purchase.

Title of SecurityCUSIP / ISINPrincipal Amount
OutstandingTender Sub-Cap(1)Acceptance Priority LevelPrincipal Amount
Tendered as of the Early Tender Deadline3.550% Senior Notes due 2027CUSIP: 902494 BC6
ISIN: US902494BC62$1,300,000,000$800,000,0001$571,260,0005.400% Senior Notes due 2029CUSIP: 902494 BL6
ISIN: US902494BL61$600,000,000N/A2$389,974,0004.350% Senior Notes due 2029CUSIP: 902494 BK8
ISIN: US902494BK88$1,000,000,000N/A3$542,124,000                
(1) The 2027 Tender Sub-Cap represents the maximum aggregate purchase price of 3.550% Senior Notes due 2027 that will be purchased within the Offers. We reserve the right, but are under no obligation, to increase, decrease or eliminate the 2027 Tender Sub-Cap at any time, including on or after the Price Determination Date (as defined below) and without extending the Early Tender Deadline or Withdrawal Deadline, subject to compliance with applicable law.

The amounts of each Series of Notes that are accepted for purchase in each Offer will be determined in accordance with the priorities identified in the column “Acceptance Priority Level” in the table above (each, an “Acceptance Priority Level” and, collectively, the “Acceptance Priority Levels”) and subject to the Maximum Tender Cap and the 2027 Tender Sub-Cap. As used herein, “Maximum Tender Cap” means an aggregate purchase price (including principal and premium, but excluding Accrued Interest) of no more than $1,200,000,000 for all of the Notes subject to the Offers, as such amount may be increased, decreased or eliminated by us pursuant to the terms of the Offer to Purchase. Because Holders validly tendered and did not validly withdraw their Notes on or before the Early Tender Deadline in an amount that the Company expects will result in an aggregate purchase price (excluding Accrued Interest) that exceeds the Maximum Tender Cap, the Company expects to accept for purchase a portion of the tendered 4.350% Senior Notes due 2029 in accordance with the proration procedures set forth in the Offer to Purchase.

Additionally, although the Offers will expire at 5:00 P.M., New York City time, on September 8, 2026 (as the same may be extended with respect to any Offer, the “Expiration Date”), because the Notes validly tendered and not validly withdrawn prior to or at the Early Tender Deadline are expected to have an aggregate purchase price (excluding Accrued Interest) that exceeds the Maximum Tender Cap, the Company does not expect to accept for purchase any Notes tendered after the Early Tender Deadline on a subsequent settlement date.

The applicable Total Consideration for each $1,000 in principal amount of the Notes validly tendered and not validly withdrawn before the Early Tender Deadline and accepted for purchase pursuant to the Offers will be determined by reference to a fixed spread specified for each Series of Notes over the yield based on the bid price of the applicable Reference Security, as fully described in the Offer to Purchase. The consideration will be calculated by the Dealer Managers (as defined below) at 10:00 A.M., New York City time, on August 24, 2026 (the “Price Determination Date”). In addition to the applicable Total Consideration, accrued and unpaid interest from the last interest payment date up to, but not including, the applicable Settlement Date will be paid in cash on all validly tendered Notes accepted for purchase in the Offers (the “Accrued Interest”). The Total Consideration, plus Accrued Interest, for Notes that are validly tendered and not validly withdrawn at or prior to the Early Tender Deadline and accepted for purchase will be paid by us in same-day funds on the Early Settlement Date.

The Company will issue a press release specifying the Total Consideration for each series of Notes expected to be accepted for purchase.

Our obligation to accept for purchase, and to pay for, the Notes that are validly tendered and not validly withdrawn pursuant to each Offer, up to the Maximum Tender Cap or, if applicable, the 2027 Tender Sub-Cap, is conditioned on the satisfaction or waiver by us of a number of conditions set forth in the Offer to Purchase, in each case unless waived by us as provided in the Offer to Purchase.

We expressly reserve the right, in our sole discretion, to amend, extend or, upon failure of any condition described in the Offer to Purchase to be satisfied or waived, to terminate any of the Offers, including the right to amend or eliminate the Maximum Tender Cap and/or the 2027 Tender Sub-Cap, in each case, at any time at or prior to the Expiration Date.

The Offer to Purchase sets forth a complete description of the terms and conditions of the Offers. Holders of the Notes (“Holders”) are urged to read the Offer to Purchase carefully before making any decision with respect to the Offers.

BofA Securities, Inc., J.P. Morgan Securities LLC, Morgan Stanley & Co. LLC and Rabo Securities USA, Inc. are serving as the Dealer Managers in connection with the Offers (collectively, the “Dealer Managers”). Questions regarding terms and conditions of the Offers should be directed to BofA Securities, Inc. by calling toll free at (888) 292-0070 or collect at (980) 388-0539, to J.P. Morgan Securities LLC by calling toll free at (866) 834-4666 or collect at (212) 834-4818, to Morgan Stanley & Co. LLC by calling toll free at (800) 624-1808 or collect at (212) 761-1057 or to Rabo Securities USA, Inc. by calling toll free at (866) 746-3850.

D.F. King & Co., Inc. has been appointed as information agent (the “Information Agent”) and tender agent (the “Tender Agent”) in connection with the Offers. Questions or requests for assistance in connection with the Offers or the delivery of tender instructions, or for additional copies of the Offer to Purchase, may be directed to D.F. King & Co., Inc. by calling collect at (212) 257-2075 (for banks and brokers) or toll free at (800) 967-5074 (for all others) or via e-mail at [email protected]. You may also contact your broker, dealer, commercial bank, trust company or other nominee for assistance concerning the Offers.

None of the Company, the Dealer Managers, D.F. King & Co., Inc., the trustee under the indenture governing the Notes or any of their respective affiliates is making any recommendation as to whether Holders should tender any Notes in response to the Offers. Holders must make their own decision as to whether to tender any of their Notes and, if so, the principal amounts of Notes to tender.

This press release is for informational purposes only and is not an offer to purchase or sell or a solicitation of an offer to purchase or sell with respect to any securities. Neither this press release nor the Offer to Purchase, or the electronic transmission thereof, constitutes an offer to purchase or sell or a solicitation of an offer to purchase or sell with respect to any securities, as applicable, in any jurisdiction in which, or to or from any person to or from whom, it is unlawful to make such offer or solicitation under applicable securities laws or otherwise. The distribution of this press release in certain jurisdictions may be restricted by law. In those jurisdictions where the securities, blue sky or other laws require the Offers to be made by a licensed broker or dealer and the Dealer Managers or any of their respective affiliates is such a licensed broker or dealer in any such jurisdiction, the Offers shall be deemed to be made by the Dealer Managers or such affiliate, as the case may be, on behalf of the Company in such jurisdiction.

About Tyson Foods, Inc.

Tyson Foods, Inc. (NYSE: TSN) 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 is a member of the S&P 500 and Russell 1000 large capitalization indices. It had approximately 133,000 team members on September 27, 2025.

Note Regarding Forward-Looking Statements

Certain information in this release constitutes forward-looking statements as contemplated by the Private Securities Litigation Reform Act of 1995. Such forward-looking statements include, but are not limited to, current views and estimates of our outlook for fiscal 2026, other future economic circumstances, industry conditions in domestic and international markets, our performance and financial results (e.g., debt levels, return on invested capital, value-added product growth, capital expenditures, tax rates, access to foreign markets and dividend policy). These forward-looking statements are subject to a number of factors and uncertainties that could cause our actual results and experiences to differ materially from anticipated results and expectations expressed in such forward-looking statements. The Company cautions readers not to place undue reliance on any forward-looking statements, which are expressly qualified in their entirety by this cautionary statement and speak only as of the date made. Other important factors are discussed in detail in the company’s filings with the Securities and Exchange Commission, including in Part I, Item 1A. “Risk Factors” included in our most recent Annual Report on Form 10-K and Quarterly Reports on Form 10-Q. The Company undertakes no obligation to update any forward-looking statements, whether as a result of new information, future events or otherwise.

 | Source: Tyson Foods, Inc.

SPRINGDALE, Ark., Aug. 20, 2026 (GLOBE NEWSWIRE) -- Tyson Foods, Inc. (NYSE: TSN) announced today that management will participate in the Barclays 19th Annual Global Consumer Conference in Boston on September 10th, 2026. The fireside chat with Jeff Schomburger, Incoming President & CEO and Curt Calaway, CFO will begin at approximately 10:30 a.m. Eastern Time and will be available via a live audio webcast.

The webcast link, replay, and other information can be accessed on the company’s investor relations website at https://ir.tyson.com.

About Tyson Foods, Inc.
Tyson Foods, Inc. (NYSE: TSN) 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 is a member of the S&P 500 and Russell 1000 large capitalization indices. It had approximately 133,000 team members on September 27, 2025. Visit www.tysonfoods.com.

Media Contact: Laura Burns, [email protected]
Investor Contact: Jon Kathol, [email protected]
Category: IR 
Source: Tyson Foods

This week, Tyson Foods announced that it is restructuring its beef business, closing or selling three of its facilities as it deals with “one of the most historic cattle shortages the country has ever experienced.”

Tyson Foods said on Thursday it will close or sell three of its beef plant and packaging operation sites, further ‌shrinking its beef footprint as a historic U.S. cattle shortage deepens losses for the largest U.S. meatpacker.

SPRINGDALE, Ark., Aug. 13, 2026 (GLOBE NEWSWIRE) -- Tyson Foods is making strategic changes to its beef operations to position the company for long-term success. Tyson Foods will anchor its beef business around three strategically located beef facilities in the central United States: Dakota City, Nebraska; Holcomb, Kansas and Amarillo, Texas, to create a more competitive footprint amidst one of the most historic cattle shortages the country has ever experienced. Recent USDA cattle inventory data, which included continued evidence of limited heifer retention, indicates these supply constraints are likely to persist, requiring strategic action.

Key Takeaways Tyson Foods' Chicken and Prepared Foods profits remain strong, while Beef weighs on earnings visibility.Beef loss guidance widened to $500M-$650M for fiscal 2026 as cattle costs and margin pressure persist.TSN has $4B of liquidity and expects $1.3B-$1.7B in fiscal 2026 free cash flow. Tyson Foods, Inc. (TSN - Free Report) presents investors with a sharp trade-off. Chicken and Prepared Foods are delivering solid profits, while Beef remains a major drag on earnings visibility.

The stock’s valuation and cash generation provide some support, but worsening Beef economics and negative estimate revisions make the case for patience rather than treating a lower multiple as enough reason to buy.

Tyson’s Valuation Offers Some SupportTSN trades at 12.9X forward 12-month earnings, close to the Zacks meat-products sub-industry’s 12.7X. That multiple is below Tyson’s five-year median of 14.0X and also trails the Zacks Consumer Staples sector at 17.2X and the S&P 500 at 20.8X.

The discount gives investors some valuation support without making the shares unusually cheap versus their closest industry benchmark. Pilgrim’s Pride Corporation (PPC - Free Report) , which operates protein-processing plants and prepared-foods facilities across the United States and international markets, is a useful peer reference for Tyson’s chicken exposure.

TSN’s Beef Risk Limits the Value CaseTyson expects an adjusted Beef operating loss of $500 million to $650 million in fiscal 2026, worse than its prior forecast of a $350 million to $500 million loss. Tight cattle supplies, higher cattle costs and USDA margin compression continue to pressure the segment.

Companywide gross profit fell to $921 million from $1.14 billion in the fiscal third quarter, while gross margin contracted 160 basis points to 6.6%. That deterioration shows why a modest valuation discount does not remove the risk from uneven profitability across the portfolio.

Tyson’s Strong Segments Keep DeliveringChicken adjusted operating income increased to $488 million from $448 million in the fiscal third quarter, while adjusted margin expanded 60 basis points to 11.2%. Retail and foodservice volume rose 3.8%, supporting the segment’s seventh consecutive quarter of year-over-year volume and sales growth.

Prepared Foods generated $321 million of adjusted operating income at a 12.6% margin. The business posted a third consecutive quarter of volume and sales growth and reached its highest volume share on record. Hormel Foods Corporation (HRL - Free Report) , a global branded food company, offers a relevant comparison for Tyson’s branded and value-added food exposure.

TSN’s Balance Sheet Adds ResilienceTyson ended the fiscal third quarter with $4 billion of liquidity and net leverage of 2.1X. Through the first nine months of fiscal 2026, operating cash flow reached $1.47 billion and free cash flow totaled $913 million after $556 million of capital expenditures.

Total debt declined by $824 million from fiscal 2025, while Tyson returned $652 million to shareholders during the first nine months. Management expects fiscal 2026 free cash flow of $1.3 billion to $1.7 billion, giving the company financial flexibility while Beef profitability remains under pressure.

Tyson’s Ratings Favor Waiting for More ProofThe investment case still leans toward waiting for clearer earnings stabilization. Valuation is restrained, Chicken and Prepared Foods are performing well and the balance sheet has improved, but the wider Beef loss outlook keeps near-term earnings visibility under pressure.

TSN currently carries a Zacks Rank #5 (Strong Sell). It also has a VGM Score of A, Value Score of B, Growth Score of B and Momentum Score of C. The favorable VGM, Value and Growth Scores point to attractive style characteristics, but the Zacks Style Scores are designed to complement the Zacks Rank rather than override it.

You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.

Image Source: Zacks Investment Research

The Zacks Consensus Estimate for fiscal 2026 earnings is $3.95 per share, and the estimate has moved 2.6% lower over the past four weeks. With earnings estimates trending down, the current Zacks Rank suggests investors may want more evidence of stabilization before relying on valuation alone.

Key Takeaways Tyson cut its fiscal 2026 adjusted operating income outlook as Beef losses are expected to deepen.TSN's Beef volume fell 15.9% in Q3 as tight cattle supply and higher cattle costs pressured results.Tyson reaffirmed Chicken guidance and raised Prepared Foods guidance, helping offset weaker Beef results. Tyson Foods, Inc. (TSN - Free Report) entered the final stretch of fiscal 2026 with a sharper split across its portfolio. Chicken and Prepared Foods remained productive, but worsening Beef economics pressured earnings visibility and prompted a weaker companywide profit outlook.

That makes Beef profitability the central issue for the rest of the year. The key question is whether continued strength elsewhere can absorb enough of the segment’s losses to protect cash generation and operating momentum.

Tyson’s Q3 Results Miss ExpectationsAdjusted earnings were 99 cents per share in the fiscal third quarter. Sales of $13.87 billion were essentially flat from the year-ago period.

Total volume declined 2.8% year over year, largely reflecting tighter cattle supply in Beef. Even with that pressure, adjusted operating income increased 8.3% to $547 million and adjusted operating margin expanded 30 basis points to 3.9%.

TSN’s Beef Volume Drop Drives the ConcernBeef sales fell to $5.39 billion as volume dropped 15.9%, more than offsetting a 12.1% increase in average price. Adjusted segment operating loss widened to $138 million from $116 million a year earlier.

Management said network optimization benefits were more than offset by USDA margin compression and higher cattle costs. Tight cattle availability continues to limit throughput, leaving Beef as the largest drag on Tyson’s otherwise more stable segment mix.

Tyson Lowers Its Fiscal 2026 Profit OutlookTyson now expects an adjusted Beef operating loss of $500 million to $650 million in fiscal 2026, worse than its prior forecast of $350 million to $500 million. The company also lowered its adjusted operating income outlook to $2.1 billion to $2.3 billion from $2.2 billion to $2.4 billion.

Sales are still projected to grow 2.5% to 3.5% for fiscal 2026 on a comparable 52-week basis. That leaves profit conversion, rather than top-line growth alone, as the more important measure to watch as cattle costs and Beef margins remain under pressure.

TSN’s Other Segments Help Cushion the BlowChicken remains the biggest offset. Tyson reaffirmed fiscal 2026 adjusted segment operating income guidance of $1.9 billion to $2.05 billion after third-quarter adjusted operating income rose to $488 million. Pilgrim’s Pride Corporation (PPC - Free Report) , a global poultry and prepared-foods producer, provides a useful industry reference for the operating backdrop in chicken.

Prepared Foods guidance improved to $1.3 billion to $1.35 billion, while Pork is expected to generate $250 million to $300 million and International $150 million to $200 million. Hormel Foods Corporation (HRL - Free Report) , a global branded food company, is another relevant comparison for

Tyson’s branded-food exposure and the importance of higher-value products to portfolio resilience.

Tyson’s Ratings Reflect Near-Term Earnings RiskTyson still has several profitable businesses and expects fiscal 2026 free cash flow of $1.3 billion to $1.7 billion, but the revised Beef outlook keeps the earnings picture uneven. Investors may want to see evidence that Beef losses are stabilizing before treating strength in the other segments as sufficient to improve the near-term setup.

TSN currently carries a Zacks Rank #5 (Strong Sell), alongside a VGM Score of A, Value Score of B, Growth Score of B and Momentum Score of C. The favorable Style Scores point to attractive value and growth characteristics, but they are designed to complement the Zacks Rank. 

You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.

Image Source: Zacks Investment Research

With the Zacks Consensus Estimate for fiscal 2026 earnings down 2.6% in the past four weeks, the current rank and estimate trend support a cautious near-term view. 

Tyson Foods, Inc. appears undervalued, with cyclical pressures and secular growth trends overlooked by the market, offering a favorable risk/reward profile post-Q2. TSN's valuation—~7x EV/EBITDA and low double-digit P/E—looks compelling, especially if beef losses normalize and non-cyclical segments gain recognition. Management turnover and leadership uncertainty present risks, but operational execution in Prepared Foods and Chicken has been strong amid volatility.

Tyson Foods, Inc. (TSN) Q3 2026 Earnings Call Transcript

Key Takeaways TSN's Q3 sales were flat, while adjusted earnings rose 9% year over year to 99 cents per share.TSN's volumes fell 2.8%, offset partly by a 3.4% positive impact from higher average prices.Tyson Foods cut its fiscal 2026 adjusted operating income outlook to $2.1-$2.3 billion. Tyson Foods, Inc. (TSN - Free Report) reported solid third-quarter fiscal 2026 results, with the top line remaining relatively flat compared with the prior year and the bottom line increasing year over year. However, both revenues and earnings miss the Zacks Consensus Estimate.

TSN’s Quarterly Performance: Key InsightsTyson Foods posted adjusted earnings of 99 cents per share, which miss the Zacks Consensus Estimate of $1.03. The bottom line increased 9% from 91 cents in the year-ago quarter.

Total sales of $13,868 million were broadly in line with the prior year. Excluding a $98 million legal contingency accrual recorded as a reduction to sales in the current-year quarter, sales increased 0.6%. The top line missed the Zacks Consensus Estimate of $14,139 million. Average price changes had a 3.4% positive impact on the top line, while total volumes dipped 2.8% year over year.

The gross profit in the quarter was $921 million, down from $1,141 million reported in the year-ago period.

Adjusted operating income rose 8.3% year over year to $547 million. The adjusted operating margin expanded 30 basis points to 3.9%.

Decoding TSN’s Segmental DetailsBeef: Sales in the segment decreased to $5,391 million from $5,603 million reported in the year-ago quarter. Volumes fell 15.9% and the average price jumped 12.1% in the segment.

Pork: Sales in the segment increased to $1,580 million from $1,506 million reported in the year-ago quarter. Volumes grew 5.2% and the average price decreased 0.3%.

Chicken: Sales in the segment improved to $4,255 million from $4,220 million reported in the year-ago quarter. Volumes grew 1% and the average price was up 2.2%.

Prepared Foods: Sales in the segment came in at $2,557 million, up from $2,515 million reported in the year-ago quarter. Volumes grew 0.1% and the average price rose 1.6%.

International: Sales in the segment were $601 million compared with $557 million reported in the year-ago quarter. Volumes fell 3.5%, whereas the average sales price increased 11.4%.

Tyson Foods’ Other Financial UpdatesThe company exited the quarter with cash and cash equivalents of $740 million, long-term debt of $6,579 million and total shareholders’ equity (including non-controlling interests) of $18,185 million.

For the first nine months of fiscal 2026, cash provided by operating activities totaled $1,469 million, while capital expenditures were $556 million. For fiscal 2026, Tyson Foods expects capital expenditures in the range of $700 million to $900 million, primarily indicating investments in profit improvement, as well as maintenance and repair projects. The company expects free cash flow of $1.3 billion to $1.7 billion for fiscal 2026.

What to Expect From TSN in FY26?For fiscal 2026, the United States Department of Agriculture (“USDA”) anticipates domestic protein production (beef, pork, chicken and turkey) to rise around 1% compared with the level of fiscal 2025.

For the Beef segment, the USDA projects domestic protein production to dip nearly 3% year over year. The company expects an adjusted operating loss of $500-$650 million in fiscal 2026, compared with its earlier guidance of a $350-$500 million loss.

For Pork, the USDA projects domestic production to rise nearly 2%. The company expects adjusted operating income of $250-$300 million.

For Chicken, the USDA anticipates domestic production to grow about 3% year over year. The company still expects adjusted operating income of $1.9-$2.05 billion.

For Prepared Foods, management projects adjusted operating income of $1.3-$1.35 billion for fiscal 2026, compared with its previous forecast of $1.25-$1.35 billion.

For International, management projects adjusted operating income of $150-$200 million for fiscal 2026.

The company’s total revenue growth is anticipated in the range of 2.5-3.5% in fiscal 2026 compared with the fiscal 2025 level. Adjusted operating income is envisioned in the $2.1-$2.3 billion band, compared with its earlier guidance of $2.2-$2.4 billion.

This Zacks Rank #3 (Hold) company’s shares have lost 15.7% in the past three months compared with the industry’s decline of 7.2%.

Image Source: Zacks Investment Research

Stocks to ConsiderThe Chefs' Warehouse, Inc. (CHEF - Free Report) distributes specialty food and center-of-the-plate products in the United States, the Middle East and Canada. At present, CHEF sports a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.

The consensus estimate for Chefs' Warehouse’s current fiscal-year sales and earnings implies growth of 10.8% and 24.7%, respectively, from the year-ago reported figures. Chefs' Warehouse delivered a trailing four-quarter earnings surprise of 30.4%, on average.

US Foods Holding Corp. (USFD - Free Report) engages in the marketing, sale and distribution of fresh, frozen and dry food and non-food products to foodservice customers in the United States. USFD currently carries a Zacks Rank #2. US Foods Holding delivered a trailing four-quarter earnings surprise of 1.4%, on average.

The Zacks Consensus Estimate for US Foods Holding’s current fiscal-year sales and earnings implies growth of 5.1% and 16.3%, respectively, from the year-ago figures.

Darling Ingredients Inc. (DAR - Free Report) develops, produces and sells sustainable natural ingredients from edible and inedible bio-nutrients in North America, Europe, China, South America and internationally. At present, Darling Ingredients holds a Zacks Rank of 2. DAR delivered a trailing four-quarter earnings surprise of 16.1%, on average.

The consensus estimate for Darling Ingredients’ current fiscal-year sales and earnings implies growth of 13.2% and 685.3%, respectively, from the year-ago figures.

For the quarter ended June 2026, Tyson Foods (TSN - Free Report) reported revenue of $13.87 billion, down 0.1% over the same period last year. EPS came in at $0.99, compared to $0.91 in the year-ago quarter.

The reported revenue represents a surprise of -1.92% over the Zacks Consensus Estimate of $14.14 billion. With the consensus EPS estimate being $1.03, the EPS surprise was -3.88%.

While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company's underlying performance.

As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately.

Here is how Tyson performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:

Volume - YoY change: -2.8% compared to the -3.6% average estimate based on two analysts.Volume - Chicken - YoY change: 1% versus 2.3% estimated by two analysts on average.Volume - Prepared Foods - YoY change: 0.1% compared to the 1.4% average estimate based on two analysts.Volume - Pork - YoY change: 5.2% compared to the 0.5% average estimate based on two analysts.Volume - Beef - YoY change: -15.9% compared to the -11.3% average estimate based on two analysts.Sales- Chicken: $4.26 billion versus $4.35 billion estimated by two analysts on average. Compared to the year-ago quarter, this number represents a +0.8% change.Sales- Beef: $5.39 billion compared to the $5.62 billion average estimate based on two analysts. The reported number represents a change of -3.8% year over year.Sales- International: $601 million versus $557 million estimated by two analysts on average. Compared to the year-ago quarter, this number represents a +7.9% change.Sales- Prepared Foods: $2.56 billion compared to the $2.61 billion average estimate based on two analysts. The reported number represents a change of +1.7% year over year.Sales- Intersegment Sales: $-516 million versus $-542.55 million estimated by two analysts on average. Compared to the year-ago quarter, this number represents a -0.2% change.Sales- Pork: $1.58 billion versus the two-analyst average estimate of $1.51 billion. The reported number represents a year-over-year change of +4.9%.Adjusted Operating Income (Loss)- Beef: $-138 million compared to the $-126.73 million average estimate based on two analysts.View all Key Company Metrics for Tyson here>>>

Shares of Tyson have returned -1.6% over the past month versus the Zacks S&P 500 composite's +0.2% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.

3.8.2026 16:00, AMZN, MAR, TSN

Index Dow Jones +1,11 % na 53069,53 b., S&P 500 +0,67 % na 7539,86 b., Nasdaq Composite +0,84 % na 25586,22 b.

Americké akciové indexy rostou poté, co prezident Donald Trump odvolal plánovaný útok na Írán, což vedlo ke poklesu cen ropy.

Společnost Amazon (+5 %) poprvé ve své historii překonala tržní kapitalizaci 3 bil. USD a stala se teprve pátou firmou na světě, která dosáhla této hranice. Akcie navazují na silný růst z minulého týdne po zveřejnění výsledků za druhé čtvrtletí, které ukázaly zrychlující se růst výnosů cloudové divize.

Akcie zpracovatele masa Tyson Foods se obchodují poblíž nuly poté, co společnost zaznamenala ve třetím čtvrtletí nižší tržby v důsledku 16% poklesu objemu prodejů hovězího masa a zároveň snížila svému celoročnímu výhledu zisku pro celou skupinu i samotný segment hovězího masa.

Cenné papíry řetězce hotelů Marriott International oslabují o 5,3 % v reakci na slabší výhled zisku pro třetí čtvrtletí a zprávu, že celoroční růst čistého počtu pokojů očekává na spodní hranici původního rozmezí 4,5 % až 5 %.

Index S&P 500 +0,67 % na 7539,86 b. Nejsilnější sektory S&P Změna Nejslabší sektory S&P Změna Komunikační služby +3,8 % Energie -1,8 % Zbytná spotřeba +3,3 % Utility -0,6 % Finanční sektor +0,8 % Informační technologie -0,4 % Nejsilnější akcie S&P Změna Nejslabší akcie S&P Změna Builders FirstSource (BLDR) +7,4 % Seagate Technology Holdings (STX) -7,4 % ServiceNow (NOW) +7,0 % Western Digital Corp (WDC) -6,2 % Axon Enterprise (AXON) +5,7 % Monolithic Power Systems (MPWR) -5,9 % Intuitive Surgical (ISRG) +5,7 % Marriott International (MAR) -5,3 % First Solar (FSLR) +5,7 % Micron Technology (MU) -5,1 % Zdroj: Bloomberg

Michal Šnobl
Fio banka, a.s.
Prohlášení

Packets of Tyson Chicken Nuggets, a brand owned by Tyson Foods, Inc., are seen in a store in Manhattan, New York, U.S., November 15, 2021. REUTERS/Andrew Kelly/File Photo Purchase Licensing Rights, opens new tab

Aug 3 (Reuters) - Tyson Foods (TSN.N), opens new tab lowered its annual profit forecast on Monday, warning that losses in its beef ​business would widen as tight U.S. cattle supplies keep livestock costs elevated.

U.S. meatpackers have bled ‌money in their beef businesses because increased costs for cattle have outpaced gains from soaring selling prices for steaks and hamburger meat.

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The cut to Tyson's forecast signals more financial pain for the sector after the company ​this year closed a massive beef plant in Nebraska and slashed operations at a ​plant in Texas, laying off thousands of workers.

Shares of the Springdale, Arkansas-based ⁠company were down about 3% in premarket trading.

Board member Jeff Schomburger must confront the challenge ​in beef in October when he takes over as CEO for veteran leader Donnie King.

U.S. ranchers reduced the ​nation's cattle herd to its lowest level in 75 years after a prolonged drought burned up pastures and raised feed costs, driving up beef prices and squeezing meatpackers' profit margins. Higher beef prices have also weighed on demand as inflation-conscious ​consumers curb spending.

Tyson now expects fiscal 2026 adjusted operating income of $2.1 billion to $2.3 billion, compared ​with its previous forecast of $2.2 billion to $2.4 billion.

For its beef business, the company forecast an adjusted operating loss ‌of $500 ⁠million to $650 million, compared with its prior expectation of a loss of $350 million to $500 million.

Beef sales volumes fell 15.9% in the quarter that ended on June 27 while prices jumped 12.1%.

U.S. cattle supplies were further constrained after Washington suspended imports of livestock from Mexico more than a year ago in an attempt to keep ​out the flesh-eating pest New World screwworm. ​The agency plans ⁠to start lifting its ban this month, though the move will take time to benefit beef processors, analysts said.

As beef prices rise, some consumers have turned ​to chicken as a cheaper source of protein, helping Tyson offset part ​of the ⁠weakness in its larger beef segment.

Chicken sales volumes rose 1% during the quarter, while adjusted operating margin in the segment increased 11.2%.

Tyson reported quarterly sales of $13.87 billion, below analysts' estimates of $14.12 billion.

It ⁠expects annual ​revenue growth of 2.5% to 3.5%, compared with analysts' ​expectations of a growth of 4.3%, according to data compiled by LSEG. The company had previously forecast growth of ​2% to 4%.

Reporting by Tom Polansek and Neil J Kanatt in Bengaluru; Editing by Vijay Kishore

Our Standards: The Thomson Reuters Trust Principles., opens new tab

Shares in Tyson Foods Inc (NYSE:TSN) fell 3% ahead of the opening bell in New York after the meat processor reported sales that came in below Wall Street forecasts and a sharper-than-expected drop in the volume of product it shifted.

Revenue for the three months to the end of June was flat year on year at $13.87 billion, against analyst expectations of $14.01 billion.

Sales volumes fell 2.8%, a marked deterioration from the 0.1% decline recorded in the same quarter last year.

Adjusted earnings of $0.99 a share, which strip out one-off items, matched consensus.

Operating margin held at 2.6% and free cash flow margin at 3.5%, both broadly in line with a year earlier, though gross margin came in below expectations.

Volumes matter more than headline revenue for companies selling everyday staples, because shoppers can trade down to cheaper own-label alternatives rather than absorb higher prices indefinitely.

The Arkansas-based company, which began life as a trucking business and is now among the world's largest producers of chicken, beef and pork, has grown revenue at a compound annual rate of just 1.5% over the past three years.

Sales over the past 12 months totalled $55.69 billion.

Analysts expect revenue growth of 2.6% over the coming year, a rate that lags the wider consumer staples sector.

Tyson carries a market value of roughly $20.4 billion.

The scale that gives the company leverage over supermarket buyers also limits its room for expansion, since there are only so many large retail chains to sell into.

Further growth is likely to depend on pricing, new products or a bigger push into overseas markets.

Key Takeaways Tyson Foods is expected to report Q3 revenues of $14.1B and EPS of $1.03, both up year over year.Chicken and Prepared Foods may gain from resilient demand, favorable mix and productivity initiatives.Tight cattle supplies and elevated live cattle costs are likely to pressure Beef segment margins. Tyson Foods, Inc. (TSN - Free Report) is likely to witness the growth of both top and bottom lines when it reports third-quarter 2026 earnings on Aug. 3. The Zacks Consensus Estimate for revenues is pegged at $14.1 billion, indicating growth of 1.8% from the prior-year quarter’s reported figure.

The consensus mark for earnings has decreased a penny in the past 30 days to $1.03 per share, which implies a 13.2% increase from the figure reported in the year-ago quarter. TSN has a trailing four-quarter earnings surprise of 18.1%, on average.

Factors Likely to Influence TSN’s Upcoming ResultsTyson Foods is likely to have benefited from resilient demand for animal protein, with consumers continuing to prioritize affordable, protein-rich meal options. Its diversified portfolio across chicken, beef, pork and value-added products is expected to have supported demand across both retail and foodservice channels. Continued strength in branded offerings and healthy consumer preference for convenient, high-protein foods is also likely to have aided the company’s top-line performance in the upcoming quarter.

The Prepared Foods segment is expected to have remained a key contributor to performance. Continued momentum across Tyson Foods’ branded portfolio, supported by product innovation, expanded distribution and efficient promotional investments, is likely to have driven market share gains. Strength in value-added products, favorable product mix and solid customer demand are expected to have supported volumes. Pricing actions and ongoing productivity initiatives are also likely to have helped offset inflationary pressures on raw materials and packaging costs.

The Chicken segment is likely to have remained a bright spot, supported by steady consumer demand and disciplined operational execution. Improvements in live production, yield, labor productivity and supply-chain efficiencies are expected to have aided profitability. Strength across retail and foodservice channels, coupled with favorable product mix and continued momentum in the chicken genetics business, is likely to have supported segment performance despite a relatively normalized commodity pricing environment.

However, persistent challenges in the Beef segment are likely to have remained a drag on overall profitability. Tight cattle supplies and elevated live cattle costs are expected to have continued pressuring margins, even amid resilient beef demand. Ongoing manufacturing footprint optimization and capacity rationalization efforts might have provided some operational benefits, though these are unlikely to have fully offset industry-wide cost pressures. Meanwhile, relatively balanced conditions in the Pork business are likely to have supported stable operating performance in the third quarter.

Earnings Whispers for TSNOur proven model doesn’t conclusively predict an earnings beat for Tyson Foods this time. The combination of a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) increases the odds of an earnings beat, which is not the case here.

 Tyson Foods carries a Zacks Rank #3 and has an Earnings ESP of -2.91%. You can uncover the best stocks to buy or sell before they’re reported with our Earnings ESP Filter.

Stocks With the Favorable CombinationHere are some companies worth considering, as our model shows that these have the right combination of elements to beat on earnings this reporting cycle.

Archer-Daniels-Midland Company (ADM - Free Report) currently has an Earnings ESP of +11.52% and a Zacks Rank of 2. You can see the complete list of today’s Zacks #1 Rank stocks here.

The Zacks Consensus Estimate for Archer-Daniels’ upcoming quarter’s EPS is pegged at $1.27, which implies a 36.6% rise year over year. The consensus estimate for ADM’s quarterly revenues is pinned at $22.38 billion, which calls for 5.7% growth from the figure reported in the prior-year quarter. ADM delivered a trailing four-quarter earnings surprise of 5.4%, on average.

Kimberly-Clark Corporation (KMB - Free Report) currently has an Earnings ESP of +1.43% and a Zacks Rank of 3. The Zacks Consensus Estimate for Kimberly-Clark’s upcoming quarterly revenues is pegged at $4.23 billion. The figure implies a 1.7% increase from the prior-year quarter.

The Zacks Consensus Estimate for Kimberly-Clark’s quarterly earnings per share is pegged at $2.00, indicating a 4.2% gain from the year-ago period. KMB delivered a trailing four-quarter earnings surprise of 19.1%, on average.

Monster Beverage Corporation (MNST - Free Report) currently has an Earnings ESP of +2.61% and a Zacks Rank of 3. The consensus estimate for Monster Beverage’s quarterly revenues is pinned at $2.42 billion, which indicates 14.5% growth from the figure reported in the prior-year quarter.

The Zacks Consensus Estimate for the upcoming quarter’s EPS is pegged at 59 cents, which implies a 13.5% increase year over year. MNST delivered a trailing four-quarter earnings surprise of 9.6%, on average.

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