Tyson Foods, Inc. (TSN) Earnings Call Transcripts

Tyson Foods, Inc.'s Latest Earnings Call - Q3 FY2026

In the third quarter of fiscal 2026, Tyson Foods, Inc. reported total sales of $13.9 billion, essentially flat year-over-year, with adjusted earnings per share (EPS) of $0.99, up 9%. The company narrowed its full-year sales growth guidance to 2.5% to 3.5% and adjusted operating income guidance to a range of $2.1 billion to $2.3 billion, reflecting challenges in the beef segment. Management expressed confidence in the ongoing strength of its chicken and prepared foods segments, which continue to gain market share and profitability.

Reported metrics

Guidance from management

Management narrowed full-year sales growth guidance to 2.5% to 3.5% and adjusted operating income to a range of $2.1 billion to $2.3 billion, reflecting ongoing challenges in the beef segment.

What management said

Thank you, Donnie. We will now open the line for questions. [Operator Instructions] Donnie, Curt, Jeff and Wes are available for your questions. Operator, please provide the Q&A instructions.

Yes, Peter, this is Wes. Thanks for your question. The administration opening the border of Mexico, historically, about 5% of the U.S. harvest comes out of Mexico. And so as you know, that starts August 24th in Arizona, then goes to the Mexico and then ultimately to Texas. And so that creates some tailwinds for us going forward. And most of those are feeder cattle, so it will take 6 months plus after they go on grass...

What analysts pressed on

Analysts expressed concerns about the sustainability of chicken and prepared foods performance against a challenging commodity backdrop. There were also inquiries regarding the potential for beef segment losses to continue into fiscal 2027, given the current cattle cycle.

Main topics on the call

• Prepared Foods Segment Performance — The Prepared Foods segment reported sales growth of 1.7% year-over-year, reaching $2.6 billion, with segment operating income of $321 million and a margin of 12.6%. Management noted, "This performance was driven by stron...
• Chicken Segment Strength — The chicken segment delivered operating income of $488 million, an increase of $40 million year-over-year, with a margin of 11.2%. Management highlighted that their chicken business is not a commodity business, stating, ...
• Beef Segment Challenges — The beef segment reported an operating income loss of $138 million, with a volume decline of 15.9%. Management acknowledged, "Beef hasn't performed the way we expected, and we're not pretending otherwise," indicating ong...
• Guidance Update — Tyson narrowed its full-year sales growth guidance to 2.5% to 3.5% and adjusted operating income to a range of $2.1 billion to $2.3 billion. The guidance reflects challenges in the beef segment, with management stating, ...

Read the full Tyson Foods, Inc. transcript (Q3 FY2026) → Summary generated from the call transcript; every figure above is stated by management on the record.

Earnings Call History

EarningsCalls.dev has 45 Tyson Foods, Inc. earnings call transcripts on record, spanning February 6, 2020 to August 3, 2026. Based on this history, Tyson Foods, Inc. reports quarterly. The most recent call on file is dated August 3, 2026. The full list is below — each row opens the complete, free-to-read transcript.

Ticker

TSN

Exchange

NYSE

Country

US

Sector

Consumer Staples

Industry

Food Products

Calls on record

45

First call

February 6, 2020

Most recent

August 3, 2026

Reporting cadence

quarterly