[TSN] Tyson Foods: Q4 2026 Earnings Test for Beef Losses and Chicken Profit

Tyson Foods, the US company that processes beef, pork and chicken and makes frozen and refrigerated brands such as Jimmy Dean and Hillshire Farm[1], is scheduled to report Tyson Foods Q4 2026 earnings on 2026-11-16[2]. The period is the Fourth quarter fiscal 2026 (14 weeks ended October 3, 2026); because fiscal 2026 is a 53-week year, it carries one more week than the 52-week fiscal 2025[3][4]. In the latest disclosed period, the third quarter (13 weeks ended June 27, 2026), sales were $13.868 billion, flat year over year, as volume fell 2.8% and average price rose 3.4%[5]; GAAP operating income was $362 million, adjusted operating income rose 8% to $547 million, and adjusted EPS was $0.99[6]. On September 3 the company cut its full-year outlook because of beef pressure, and on a comparable 52-week basis it now guides to fiscal 2026 sales growth of 1.5% to 2.0% and total adjusted operating income of $1.85 billion to $2.05 billion[7]; subtracting the $1.616 billion earned in the first nine months implies roughly $234 million to $434 million for a comparable 13-week fourth quarter[6]. Analyst consensus compiled by the Drillr earnings calendar stands at fourth-quarter EPS of $0.592 and revenue of $14.096 billion[2], and the calendar itself does not say whether those figures include the 14th week.

Three things matter most in this report. The first is the size of the beef loss: subtracting the nine-month adjusted beef loss of $483 million from the beef outlook cut in September leaves a comparable 13-week fourth-quarter loss of $142 million to $292 million[7][8], against $138 million in the third quarter, and whether Tyson separately quantifies the write-down of live cattle inventory decides whether readers can tell spread deterioration from a one-time revaluation. The second is whether chicken profit holds: the reduced outlook implies fourth-quarter adjusted chicken income of about $380 million to $480 million, below the $562 million of the prior-year quarter[9], which tests how much pressure management's claim that "about 75% of chicken operating income comes from demand committed before production" can still absorb as foodservice weakens[10]. The third is whether prepared foods returns to year-over-year growth: the segment's adjusted income fell 3.9% to $321 million in the third quarter[8], while the prior-year fourth-quarter base is only $278 million[9], so the result will show whether rising brand share and easing raw-material costs turn into profit or merely reflect an easy comparison.

Company Background and Business Structure

Tyson Foods is a multi-protein food company headquartered in Springdale, Arkansas[11], with a 52- or 53-week fiscal year that ends on the Saturday closest to September 30[12]. The company does not raise its own cattle; its buyers purchase live cattle on the spot market from independent feed yards and public auctions, live hogs come mainly through procurement agreements with independent producers, and the chicken business relies on corn and soybean meal for feed, with birds raised primarily by independent contract farmers[13]. Leadership is in transition: in a filing dated May 28, 2026, the company announced that Jeff Schomburger, a director for ten years who spent 35 years at Procter & Gamble and retired as its Global Sales Officer, would become President and CEO, with Donnie King remaining on the board to support the handover[11]; in the September 3 outlook update, King still spoke as President and CEO[7].

Starting in fiscal 2026, Tyson reports five segments, no longer allocates corporate expenses and amortization to them, and treats International as a separate reportable segment[14]. Beef harvests fed cattle and fabricates primal, sub-primal and case-ready cuts, and also sells hides and other by-products; Pork processes live hogs; Chicken covers raising and processing birds plus value-added products such as breaded strips, nuggets and patties; Prepared Foods makes frozen and refrigerated branded foods under names including Jimmy Dean, Hillshire Farm, Ball Park, Wright, State Fair and Aidells; and International operates mainly in China, Malaysia, Mexico, South Korea, Thailand and Saudi Arabia[1]. Nine-month sales were $16.367 billion for Beef, $4.768 billion for Pork, $12.753 billion for Chicken, $7.741 billion for Prepared Foods and $1.760 billion for International, a total that includes $1.555 billion of intersegment sales[5]; adjusted operating results were a $483 million loss in Beef and income of $212 million, $1.470 billion, $1.011 billion and $131 million in the other four segments[8].

Tyson sells mainly to retailers and depends heavily on one large customer. In third-quarter consolidated sales, retail contributed $6.449 billion, foodservice $4.159 billion, international $1.752 billion and industrial and other $1.508 billion[15], so retail was about 46.5% and foodservice about 30.0%. Walmart accounted for about 18.7% of fiscal 2025 consolidated sales and buys from every segment, and no other single customer exceeded 10%[16].

Financial History and Current Position

Tyson's fiscal 2025 revenue growth came mainly from higher prices, while profit fell as beef and pork weakened. Sales for fiscal 2025 (52 weeks ended September 27, 2025) were about $54.4 billion, up 2.1%, driven by higher average prices in Beef, Pork and Prepared Foods and partly offset by $653 million of increased legal contingency accruals recorded as a reduction of sales; GAAP operating income was $1.098 billion, down from $1.409 billion in fiscal 2024[12]. On the new segment basis recast in February 2026, fiscal 2025 adjusted operating income was $2.287 billion, made up of $1.892 billion from Chicken, $1.263 billion from Prepared Foods, $239 million from Pork, $185 million from International and a $275 million Beef loss, less $783 million of corporate expenses and $234 million of amortization; fourth-quarter fiscal 2025 adjusted operating income was $608 million[9].

The balance sheet ended fiscal 2025 with moderate leverage. Operating cash flow was $2.155 billion and capital expenditures were $978 million[17]; year-end gross debt was $8.830 billion, cash was $1.229 billion, net debt was $7.601 billion and net debt to EBITDA was 3.0x[18].

In the first nine months of fiscal 2026, GAAP profit improved but adjusted profit fell because of the wider beef loss. For the nine months ended June 27, 2026, sales rose 3.1% to $41.834 billion, GAAP operating income rose 17% to $1.099 billion, adjusted operating income fell 4% to $1.616 billion and adjusted EPS fell 5% to $2.83[6]. GAAP results absorbed $269 million of legal accruals, $175 million of restructuring charges and $73 million of executive transition charges, of which the third quarter alone carried $98 million, $14 million and $73 million[19].

Cash flow and debt continued to improve during the year. Nine-month operating cash flow was $1.469 billion, capital expenditures were $556 million and free cash flow was $913 million, total debt fell $824 million from the prior fiscal year-end, and liquidity was $4.0 billion at the end of June[6][20]; on the earnings call management put net leverage at 2.1x and said it had returned $652 million to shareholders through dividends and buybacks so far this year[21]. In August the company guided to full-year free cash flow of $1.3 billion to $1.7 billion and capital expenditures of $0.7 billion to $0.9 billion[3].

Operating Model

Tyson's revenue is the sum of its five segments, less intersegment sales and legal accruals booked against sales, with beef and pork revenue tracking livestock and wholesale prices while chicken and prepared foods revenue depends more on mix and brands[5]. Third-quarter figures show the difference: beef volume fell 15.9% while average price rose 12.1%, mainly because of higher input costs and strong demand[22]; chicken average price rose 2.2%, which the company attributed to product mix[23]; and prepared foods average price rose 1.6% on the pass-through of raw-material costs and channel mix[24].

Adjusted operating income equals the sum of segment adjusted income less corporate expenses and amortization[14], and each segment has different profit drivers. Beef and pork profit depends on processing spreads and plant utilization and is highly cyclical; chicken depends on value-added mix, feed costs and live production efficiency; prepared foods depends on brand pricing, raw-meat costs and marketing spend. In the third quarter, higher cattle costs added about $525 million to beef cost of sales, freight and transportation added about $105 million, prepared foods raw materials and other inputs added about $30 million, and hog costs fell by about $25 million[25]; over the same period chicken feed costs moderated while prepared foods raw-material costs rose with meat prices[26]. Cost changes reach profit with a lag: management said higher freight takes one to two quarters to pass through to customers, and the benefit of lower pork input costs will not show until the fourth quarter of fiscal 2026 and fiscal 2027 because of existing inventory[27].

Operating cash flow roughly equals net income plus depreciation and amortization, adjusted for working capital and legal settlement payments. Nine-month depreciation and amortization was $1.055 billion, inventories rose $275 million, accounts payable rose $240 million, and other operating assets and liabilities consumed $267 million, mainly because of higher payments of accrued legal contingencies[20]; rising livestock costs tie up cash in inventory, while longer payable terms release it. Management's order for using cash is to keep an investment-grade balance sheet first, then invest in the business, and then return cash to shareholders[21].

Industry and Competitive Position

Tyson's three proteins sit at different points in their cycles, with beef and pork governed by livestock supply and chicken by industry supply and foodservice demand. The company describes the US as living through one of the most severe cattle shortages in its history, with USDA inventory data showing limited heifer retention and supply constraints likely to persist[28][7], which is why it is anchoring its beef business on three plants in Dakota City, Nebraska; Holcomb, Kansas; and Amarillo, Texas[28]. In pork, larger hog supplies have pushed down hog and wholesale prices, but product values have fallen faster than livestock costs, compressing processing spreads[29]; management also noted that when beef prices are high, substitute demand has gone mostly to chicken rather than pork[27].

In chicken and prepared foods, Tyson stresses differentiation from brands and customer relationships, although that advantage currently rests mostly on management's own account. Management says Tyson is the No. 1 chicken brand and that most chicken volume is committed to customers before production, so it is not exposed to commodity oversupply the way spot-market competitors are[10]; in September the company also said its chicken portfolio benefits from strategic customer partnerships and a growing value-added mix that set it apart from more commoditized competition[29]. Prepared Foods gained share for 13 consecutive weeks in the third quarter, with volume, unit and dollar share up 70, 70 and 50 basis points[30]. Zacks uses Pilgrim's Pride and Hormel as industry reference points for Tyson's chicken and branded prepared foods businesses[31], but the disclosures cited here contain only Tyson's own data and lack peer margins or share figures, so the claimed brand advantage can only be tested through changes in Tyson's own segment margins.

Core Debates

How much wider will Tyson's beef loss get in the fourth quarter as the cattle shortage deepens?

Beef is Tyson's largest segment by revenue and the main reason the outlook was cut this year. Nine-month beef sales were $16.367 billion, about 39.1% of consolidated sales[5], yet the segment posted a $483 million adjusted loss, compared with a $223 million loss a year earlier[8]. The full-year beef outlook was a loss of $250 million to $500 million in February[32], was cut to a loss of $350 million to $500 million in May[33], was cut again to a loss of $500 million to $650 million in August[3], and on September 3 was cut a third time to a loss of $625 million to $775 million, while total adjusted operating income guidance fell from $2.1 billion to $2.3 billion to $1.85 billion to $2.05 billion[7]. The size of the fourth-quarter beef loss therefore determines whether consolidated profit lands inside the reduced range.

Third-quarter data show the cattle shortage squeezing both volume and spreads, while the company closes plants to cut costs. Beef volume fell 15.9% year over year and average price rose 12.1%[22]; cattle costs added about $525 million to cost of sales, and there was a further $40 million inventory write-down to net realizable value[25]; the adjusted loss was $138 million, a margin of -2.6%[8], while the prior-year fourth quarter, recast on the new basis, was a $52 million loss at a -0.9% margin[9]. Earlier in the fiscal year, Tyson closed one harvesting facility and moved another to a single shift[34]; on August 13 it announced it would end operations at its Joslin, Illinois, beef plant and its Eagle Mountain, Utah, case-ready plant, pursue a sale of its Pasco, Washington, beef plant, and restore a second shift at Amarillo as cattle become available[28]. As of June 27, the network optimization plan carried expected pretax net charges of $241 million, of which $240 million had been recognized, and the company expected to book an estimated $23 million gain on the sale of beef assets in the fourth quarter[34].

The beef loss starts with cattle supply and gains an extra layer of inventory revaluation when cattle prices fall. Tight fed-cattle supply raises purchase prices and reduces the number of head available to harvest; beef prices rise but not enough to cover cattle costs, so processing spreads compress, utilization falls and the segment loses money; when cattle prices fall, the value of the live cattle Tyson holds drops and the write-down flows into that quarter's costs. On September 3 the company attributed fourth-quarter pressure to volatile cattle prices, a severe cattle shortage and the effect of lower cattle prices on the value of live cattle inventories[7]. An alternative explanation is that the wider fourth-quarter loss comes mainly from the inventory revaluation, the 14th week and transition costs while capacity moves between plants, and that per-unit spreads are no worse than in the third quarter; if so, the quarterly loss excluding any disclosed inventory revaluation should be close to the third quarter's $138 million, and the volume decline should narrow as plant closures lap their base.

Whether this report settles the debate depends on whether Tyson quantifies the inventory revaluation separately. Readers should check whether the comparable 13-week fourth-quarter adjusted beef loss falls within the derived $142 million to $292 million range[7][8], whether the volume decline narrows from the third quarter's -15.9% and price gains slow noticeably[22], and the progress of the plant closures, the Pasco sale and the Amarillo restart along with the fiscal 2027 beef outlook. A loss beyond the weak end of the range would mean the September outlook was still too optimistic; a fiscal 2027 beef outlook similar to fiscal 2026 would mean the smaller footprint has not changed the cost structure; and a shortage lasting several years would make the closed capacity hard to bring back quickly when the cycle turns.

How much of Tyson's chicken profit can hold up as foodservice demand weakens?

Chicken is the pillar of Tyson's profit, and with beef losses widening, whether the consolidated target is met depends mostly on chicken. Nine-month adjusted chicken income was $1.470 billion, about 63% of the $2.341 billion segment total[8]. On September 3, alongside the beef cut, the company lowered its full-year chicken outlook from $1.90 billion to $2.05 billion to $1.85 billion to $1.95 billion[3][7], noting that consumer caution around discretionary spending has made the foodservice demand environment more challenging[29]. Whether chicken holds its profit directly decides whether total adjusted operating income reaches the $1.85 billion to $2.05 billion outlook.

Third-quarter chicken profit was still growing, but the channel mix had already shifted from foodservice to retail. Chicken volume rose 1.0% and average price rose 2.2%, mainly on mix according to the company[23]; adjusted income was $488 million at an 11.2% margin, up from $448 million and 10.6% a year earlier[8]. By channel, retail sales rose 7.9% from $1.698 billion to $1.833 billion, while foodservice sales fell 4.2% from $1.698 billion to $1.627 billion[15]. Management said about 75% of chicken operating income comes from strategic customer and brand demand committed before production, and that when commodity chicken cutout values fell 45% in the third quarter, Tyson still raised net price realization through value-added mix[10]; a new big-bird genetics line is slated to reach 75% adoption by the end of calendar 2026 and full adoption in 2027[30].

Weak foodservice demand reaches chicken profit only through channel shifts and mix changes. When consumers eat out less, foodservice distributors and restaurant chains buy less, Tyson moves more volume to retail or sells it into lower-priced commodity channels, average price and mix change, and the result shows up in the adjusted chicken margin. On the cost side, lower feed costs[26] and better yields from the new genetics provide a cushion, while higher freight takes one to two quarters to pass through[27]; the USDA projects chicken production to rise about 3% in fiscal 2026[3]. Management's explanation is that falling commodity chicken prices have limited effect on Tyson; the alternative is that the September cut shows the insulation is only partial, and if fourth-quarter average price turns negative year over year or the margin falls below 10%, commodity chicken and weak foodservice are passing through more directly than management describes.

The fourth quarter can separate the two explanations through three sets of figures: profit, price and channel. The reduced outlook implies comparable 13-week fourth-quarter adjusted chicken income of about $380 million to $480 million, below the prior-year quarter's $562 million at a 12.7% margin[7][8][9]; readers should check whether the margin holds near 11%, whether average price keeps rising year over year and is still attributed to value-added mix, and whether the fourth-quarter foodservice decline, derived by subtracting nine-month figures from the full-year filing, gets deeper. A negative year-over-year price, a deeper foodservice decline with slowing retail growth, or a fiscal 2027 chicken outlook below fiscal 2026 would each weaken management's case for its committed-demand model.

With brand share rising, can Tyson's prepared foods profit return to growth in the fourth quarter?

Prepared Foods is Tyson's highest-margin segment and the only one whose outlook has been raised and never cut this year. Nine-month adjusted income was $1.011 billion at a 13.1% margin, about 43% of the segment total[8]. The full-year outlook was $1.25 billion to $1.35 billion in February and May[32][33], was raised to $1.30 billion to $1.35 billion in August[3], and was maintained in September[7]; incoming CEO Schomburger named strengthening the brands as a priority in the announcement of his appointment[11].

Share rose in the third quarter while profit fell, and the gap came from costs and marketing spend. Prepared foods volume rose 0.1% and average price rose 1.6%[24]; adjusted income fell 3.9% to $321 million and the margin slipped from 13.3% to 12.6%[8]; the 10-Q attributed the decline to higher raw-material and freight costs and increased marketing, advertising and promotional spending[24]. Management said prepared foods gained share for 13 consecutive weeks, with Hillshire Snacking up 18.4% and Hillshire Farm lunch meat up 7%, and pointed to launches of a Jimmy Dean high-protein line and Hillshire Reserve premium lunch meat[30]; it also said inputs such as beef trim remain expensive and the benefit of lower pork costs will not appear until the fourth quarter and fiscal 2027[27].

Prepared foods profit is set jointly by brand-driven volume and price and by raw-material costs that reach the income statement with a lag. Brand investment and new products lift retail share, which drives volume and price; raw-meat prices pass through inventory into cost of sales with a delay, so pricing lags; and marketing, advertising and promotion spending reduces profit in the quarter it is spent. In the third quarter, raw materials and other inputs raised the segment's cost of sales by about $30 million year over year[25]. An alternative explanation is that share gains were bought with heavier marketing and promotion, that the relief from lower raw-material costs is being absorbed by that spending, and that any fourth-quarter profit growth comes mainly from the easy prior-year base of $278 million at a 10.9% margin[9] rather than from better operations; if so, volume would be flat and the margin would stay below 12%.

The fourth-quarter test is whether profit beats the easy base and also approaches the strong end of the derived range. The maintained outlook implies comparable 13-week fourth-quarter adjusted prepared foods income of about $289 million to $339 million[3][8]; readers should check whether it exceeds the prior-year $278 million and approaches $339 million, whether volume grows and price holds, whether raw-material costs turn into a year-over-year tailwind, and what the fiscal 2027 outlook and the new CEO's plans for brand investment look like. Profit below the prior-year quarter would mean the August increase did not materialize, and lower prices without volume growth would mean share is being held through promotion.

Risks and Falsifiers

Narrower pork processing spreads are the first risk, though their effect on consolidated profit is relatively small. Larger hog supplies have pushed down hog and wholesale prices, but product values have fallen faster than livestock costs[29], and in September Tyson cut its full-year pork outlook from $250 million to $300 million to $200 million to $250 million[3][7]. With nine-month adjusted pork income at $212 million[8], the new outlook implies a 13-week fourth quarter between a $12 million loss and $38 million of income, below the prior-year $47 million[9]; because pork is small, the effect on consolidated profit is in the tens of millions of dollars. Comparable 13-week fourth-quarter adjusted pork income of at least the prior-year $47 million would falsify this view.

Legal cases and contingencies erode both sales and cash flow. The company keeps accruing settlements across several segments, and those accruals reduce sales directly: nine-month legal contingency accruals were $269 million[19], including $98 million in Chicken in the third quarter[23], and in fiscal 2025 accruals booked against sales rose by $653 million[12]. Payments also consume cash, as nine-month operating cash flow of $1.469 billion was $151 million lower than a year earlier, mainly because of higher payments of accrued legal contingencies[20]. No new large legal accruals in the fourth quarter or the fiscal 2027 outlook, together with full-year free cash flow within the $1.3 billion to $1.7 billion outlook[3], would falsify this risk.

A small US cattle herd could keep supply tight beyond fiscal 2027. USDA inventory data show limited heifer retention[28], and management said the phased reopening of the Mexican border to cattle imports will not fully close the supply gap, with only incremental improvement in 2027 and beyond[27]. The exposed line is the Beef segment: a nine-month adjusted loss of $483 million[8], a full-year outlook for a $625 million to $775 million loss[7], and cattle costs that added about $525 million to cost of sales in the third quarter alone[25]. A narrower fourth-quarter volume decline, a comparable 13-week loss of no more than $142 million, and a fiscal 2027 beef outlook with a clearly smaller loss than fiscal 2026 would falsify this risk.

Rising industry chicken supply combined with weak foodservice could erode Tyson's value-added premium. The USDA projects fiscal 2026 chicken production up about 3%[3], and management acknowledged industry-wide oversupply in commodity chicken markets[27]. Nine-month adjusted chicken income was $1.470 billion[8], the full-year outlook has been cut from $1.90 billion to $2.05 billion to $1.85 billion to $1.95 billion[7], and third-quarter foodservice chicken sales were $1.627 billion, down about $71 million year over year[15]. A year-over-year increase in fourth-quarter chicken price, volume growth and an adjusted margin of at least 11% would falsify this risk.

High raw-meat costs combined with heavier marketing could leave brand pricing unable to cover costs. In the third quarter, prepared foods raw materials and inputs added about $30 million to cost of sales[25], adjusted income fell $13 million and the margin fell 0.7 percentage points[8], and management said beef trim prices remain high[27]. Comparable 13-week fourth-quarter adjusted prepared foods income of at least $339 million, a margin of at least 12.5% and lower year-over-year raw-material costs would falsify this risk.

What to Watch Next

• Beef loss: whether the comparable 13-week fourth-quarter adjusted beef loss lands within $142 million to $292 million, against a $138 million loss in the third quarter and a $52 million loss a year earlier[8][9]; a loss above $292 million would mean the reduced outlook is still too optimistic.
• Cattle inventory and volume: whether Tyson discloses the live cattle revaluation separately and whether the volume decline narrows from -15.9% while price growth of 12.1% slows[22]; a loss near $138 million excluding the revaluation would support the one-time explanation.
• Chicken profit: whether fourth-quarter adjusted chicken income falls within $380 million to $480 million and the margin holds near 11%, against $562 million at 12.7% a year earlier and 11.2% in the third quarter[9][8]; a negative year-over-year price or a margin below 10% would weaken management's insulation argument.
• Foodservice chicken sales: whether the derived fourth-quarter decline deepens from the third quarter's $1.627 billion, down 4.2%[15]; a deeper foodservice decline with slowing retail would signal weakening demand.
• Prepared foods: whether fourth-quarter adjusted income exceeds the prior-year $278 million at 10.9%[9] and approaches $339 million; profit below the prior-year quarter would mean the August increase failed.
• Pork and cash: whether pork holds the prior-year $47 million and full-year free cash flow lands within the $1.3 billion to $1.7 billion outlook[9][3]; missing the range would show legal payments and working capital still weighing on cash.

Conclusion

Tyson's profit is set by how its two kinds of business offset each other: beef and pork processing spreads swing with the livestock cycle, while chicken and prepared foods depend on value-added mix, brand pricing and raw-material costs. Nine-month adjusted operating income fell 4% to $1.616 billion, but free cash flow was $913 million and total debt fell $824 million[6], and with net leverage at 2.1x[21] the balance sheet is not under strain. The central unresolved relationship is whether the $2.481 billion of combined nine-month adjusted income from chicken and prepared foods[8] can keep supporting consolidated profit while the full-year beef loss widens to $625 million to $775 million[7].

After the August 3 results, Zacks Equity Research framed the key issue on August 7 as whether strength in chicken and prepared foods can offset worsening beef economics[31]. The article noted that the third-quarter adjusted beef loss widened to $138 million and reached $483 million for nine months, and that management conceded the Mexican border reopening will not fully close the beef gap even in fiscal 2027; it also noted that adjusted chicken income rose to $488 million with a 60-basis-point margin gain, and that nine-month free cash flow of $913 million and net leverage of 2.1x provide a financial buffer, leading the author to call the evidence "mixed"[31]. The piece was published before the September 3 outlook cut, when it treated chicken as the counterweight to beef; the company has since cut both beef and chicken guidance, so whether fourth-quarter chicken income holds the derived $380 million to $480 million range directly tests whether that offset still works. This is the only independent outside analysis used here, and it represents one firm's reading rather than a market consensus.

The current understanding would be materially strengthened by a set of results arriving together: a fourth-quarter beef loss at the better end of the derived range with a separately disclosed inventory revaluation, a chicken margin holding near 11%, prepared foods income above the prior-year $278 million, full-year free cash flow within the $1.3 billion to $1.7 billion range, and a fiscal 2027 beef outlook with a clearly narrower loss. Conversely, a beef loss above $292 million, a negative year-over-year chicken price or a chicken margin below 10%, and prepared foods income below the prior-year quarter would show that the multi-protein portfolio hedges less than management describes, and the beef cycle would weigh on consolidated profit more directly.

Sources

[1] TSN 10-K filed 2025-11-10 · 2025-11-10 · 10-K · https://www.sec.gov/Archives/edgar/data/100493/000010049325000095/tsn-20250927.htm

[2] Drillr earnings calendar 2026-11-11 TSN Q4 FY2026 · 2026-11-11 · Drillr 财报日历(汇总分析师预期) · https://gateway.drillr.ai/mcp/private

[3] TSN 8-K filed 2026-08-03 Q3 FY2026 outlook · 2026-08-03 · 8-K · https://www.sec.gov/Archives/edgar/data/100493/000010049326000057/tsn2026q3exh-991.htm

[4] TSN 10-Q filed 2026-08-03 fiscal year end · 2026-08-03 · 10-Q · https://www.sec.gov/Archives/edgar/data/100493/000010049326000058/tsn2026q3exh104.htm

[5] TSN 8-K filed 2026-08-03 Q3 FY2026 segment sales · 2026-08-03 · 8-K · https://www.sec.gov/Archives/edgar/data/100493/000010049326000057/tsn2026q3exh-991.htm

[6] TSN 8-K filed 2026-08-03 Q3 FY2026 results · 2026-08-03 · 8-K · https://www.sec.gov/Archives/edgar/data/100493/000010049326000057/tsn2026q3exh-991.htm

[7] TSN 8-K filed 2026-09-03 updated FY2026 outlook · 2026-09-03 · 8-K · https://www.sec.gov/Archives/edgar/data/100493/000010049326000067/tsn2026pressreleasedatedse.htm

[8] TSN 8-K filed 2026-08-03 Q3 FY2026 adjusted segment results · 2026-08-03 · 8-K · https://www.sec.gov/Archives/edgar/data/100493/000010049326000057/tsn2026q3exh-991.htm

[9] TSN 8-K filed 2026-02-02 FY2025 recast adjusted segment results · 2026-02-02 · 8-K · https://www.sec.gov/Archives/edgar/data/100493/000010049326000009/a992soirecast701non-gaap.htm

[10] TSN Q3 FY2026 earnings call 2026-08-03 chicken model Q&A · 2026-08-03 · earnings-call · https://gateway.drillr.ai/mcp/private

[11] TSN 8-K filed 2026-05-28 CEO transition · 2026-05-28 · 8-K · https://www.sec.gov/Archives/edgar/data/100493/000010049326000026/tsn2026presidentceoannounc.htm

[12] TSN 10-K filed 2025-11-10 fiscal 2025 overview · 2025-11-10 · 10-K · https://www.sec.gov/Archives/edgar/data/100493/000010049325000095/tsn-20250927.htm

[13] TSN 10-K filed 2025-11-10 raw materials · 2025-11-10 · 10-K · https://www.sec.gov/Archives/edgar/data/100493/000010049325000095/tsn-20250927.htm

[14] TSN 8-K filed 2026-02-02 segment reporting change · 2026-02-02 · 8-K · https://www.sec.gov/Archives/edgar/data/100493/000010049326000009/a991soirecast801.htm

[15] TSN 10-Q filed 2026-08-03 sales by channel · 2026-08-03 · 10-Q · https://www.sec.gov/Archives/edgar/data/100493/000010049326000058/tsn-20260627.htm

[16] TSN 10-K filed 2025-11-10 customers and seasonality · 2025-11-10 · 10-K · https://www.sec.gov/Archives/edgar/data/100493/000010049325000095/tsn-20250927.htm

[17] TSN 10-K filed 2025-11-10 cash flows · 2025-11-10 · 10-K · https://www.sec.gov/Archives/edgar/data/100493/000010049325000095/tsn-20250927.htm

[18] TSN 10-K filed 2025-11-10 debt and leverage · 2025-11-10 · 10-K · https://www.sec.gov/Archives/edgar/data/100493/000010049325000095/tsn-20250927.htm

[19] TSN 10-Q filed 2026-08-03 overview and special items · 2026-08-03 · 10-Q · https://www.sec.gov/Archives/edgar/data/100493/000010049326000058/tsn-20260627.htm

[20] TSN 10-Q filed 2026-08-03 cash flows · 2026-08-03 · 10-Q · https://www.sec.gov/Archives/edgar/data/100493/000010049326000058/tsn-20260627.htm

[21] TSN Q3 FY2026 earnings call 2026-08-03 capital allocation Q&A · 2026-08-03 · earnings-call · https://gateway.drillr.ai/mcp/private

[22] TSN 10-Q filed 2026-08-03 beef segment · 2026-08-03 · 10-Q · https://www.sec.gov/Archives/edgar/data/100493/000010049326000058/tsn-20260627.htm

[23] TSN 10-Q filed 2026-08-03 chicken segment · 2026-08-03 · 10-Q · https://www.sec.gov/Archives/edgar/data/100493/000010049326000058/tsn-20260627.htm

[24] TSN 10-Q filed 2026-08-03 prepared foods segment · 2026-08-03 · 10-Q · https://www.sec.gov/Archives/edgar/data/100493/000010049326000058/tsn-20260627.htm

[25] TSN 10-Q filed 2026-08-03 Q3 cost of sales drivers · 2026-08-03 · 10-Q · https://www.sec.gov/Archives/edgar/data/100493/000010049326000058/tsn-20260627.htm

[26] TSN 10-Q filed 2026-08-03 market environment · 2026-08-03 · 10-Q · https://www.sec.gov/Archives/edgar/data/100493/000010049326000058/tsn-20260627.htm

[27] TSN Q3 FY2026 earnings call 2026-08-03 risks · 2026-08-03 · earnings-call · https://gateway.drillr.ai/mcp/private

[28] TSN 8-K filed 2026-08-13 beef network restructuring · 2026-08-13 · 8-K · https://www.sec.gov/Archives/edgar/data/100493/000010049326000063/tsn2026pressreleasedatedau.htm

[29] TSN 8-K filed 2026-09-03 segment conditions · 2026-09-03 · 8-K · https://www.sec.gov/Archives/edgar/data/100493/000010049326000067/tsn2026pressreleasedatedse.htm

[30] TSN Q3 FY2026 earnings call 2026-08-03 brands and operations · 2026-08-03 · earnings-call · https://gateway.drillr.ai/mcp/private

[31] Zacks 2026-08-07 Tyson beef losses still widening · 2026-08-07 · Zacks Equity Research · https://www.zacks.com/stock/news/2971288/tyson-foods-drops-12-2-in-3-months-with-beef-losses-still-widening

[32] TSN 8-K filed 2026-02-02 Q1 FY2026 outlook · 2026-02-02 · 8-K · https://www.sec.gov/Archives/edgar/data/100493/000010049326000005/tsn2026q1exh-991.htm

[33] TSN 8-K filed 2026-05-04 Q2 FY2026 results and outlook · 2026-05-04 · 8-K · https://www.sec.gov/Archives/edgar/data/100493/000010049326000019/tsn2026q2exh-991.htm

[34] TSN 10-Q filed 2026-08-03 network optimization · 2026-08-03 · 10-Q · https://www.sec.gov/Archives/edgar/data/100493/000010049326000058/tsn-20260627.htm