TSNTyson Foods

Consumer staples · Meat Products · NYSE

Tyson Foods, Inc. and its subsidiaries (collectively, the “Company,” “we,” “us,” “our,” “Tyson Foods” or “Tyson”) (NYSE: TSN) is a world-class food company and recognized leader in protein. 10-K, Item 1

Employees: 133,000
Headquarters: Springdale, AR
CEO: Donnie King
Next results: around Feb 1, 2027

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What the 10-K filed 2025-11-10 says about risks that are not on the face of the balance sheet, from the notes to the financial statements, Legal Proceedings and the MD&A (and, for big customers and key suppliers, Business and Risk Factors). Tickdelta picks sentences with specifics (amounts, accruals, covenant ratios) and quotes them as filed. New marks a sentence with nothing like it in the 10-K filed 2024-11-12.

Big customers

Customers the company names as a large share of revenue or receivables (it must name any worth 10% of revenue).

“Our business could suffer significant setbacks in sales and operating income if our customers’ plans and/or markets change significantly or if we lost one or more of our largest customers, including, for example, Walmart Inc., which accounted for 18.7% of our sales in fiscal 2025.”
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“No other single customer or customer group represented greater than 10% of net accounts receivable.”
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“Our largest customer, Walmart Inc., accounted for 18.7%, 18.4% and 18.6% of consolidated sales in fiscal 2025, 2024 and 2023, respectively.”
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Key suppliers

Parts or manufacturing that depend on one or a few suppliers.

No specific sentence about this in the 10-K.

Lawsuits and legal claims

3 new

Pending cases, settlements and what the company has set aside for them.

New “As set forth in Part II, Item 8, Notes to the Consolidated Financial Statements, Note 20: Commitments and Contingencies, we recognized $698 million and $174 million of charges in fiscal 2025 and 2024, respectively, from legal accruals related to our broiler antitrust civil litigation, broiler chicken grower litigation, pork antitrust litigation, beef antitrust litigation and wage rate litigation based on our assessment of the likelihood and amount of probable losses.”
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“As described below, the Company reached agreements to settle all outstanding claims brought against it by the putative classes, and the Court has granted final approval to these settlements.”
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“At September 27, 2025 and September 28, 2024, the legal contingency accrual for claims related to the Broiler Antitrust Civil Litigation matters described above was $64 million and $86 million, respectively.”
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New “At September 27, 2025 and September 28, 2024, the legal contingency accrual for claims related to the Pork Antitrust Civil Litigation matter described above was $268 million and $45 million, respectively.”
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New “During fiscal 2024, the Company recorded an accrual for the $72.5 million settlement which was paid during fiscal 2025 as a result of the court approval.”
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Guarantees and indemnities

1 new

Promises to pay someone else's debts or losses if they cannot.

New “In fiscal 2025, we recorded a pretax liability of $40 million for the estimated probable loss related to the indemnification provisions with the purchaser.”
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Debt covenants

Conditions in loan agreements that, if broken, can make debt due early.

“We were in compliance with all debt covenants at September 27, 2025 and expect that we will maintain compliance.”
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“We were in compliance with all debt covenants at September 27, 2025.”
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Commitments off the balance sheet

Contracts the company must pay for later: purchase obligations, take-or-pay deals.

No specific sentence about this in the 10-K.

Sentences are chosen by their words, not read by AI, so some can be off topic. Always check the filing. Open the 10-K ↗

Work on TSN in a spreadsheet: Excel workbook (a sheet per section, ten years by column, charts, links to the filings) · CSV. For a Google Sheet that stays up to date, paste =IMPORTDATA("https://tickdelta.com/company/TSN/export.csv") into a cell.