TYSON FOODS REPORTS THIRD QUARTER 2026 RESULTS
– Tyson Foods, Inc. (NYSE: TSN), one of the world’s largest food companies and a recognized leader in protein with leading brands including Tyson, Jimmy Dean, Hillshire Farm, Ball Park, Wright, Aidells, ibp and State Fair , reported the following results:
1 The Company reports its financial results in accordance with U.S. generally accepted accounting principles (GAAP). As used in this table and throughout this earnings release, adjusted operating income (loss), adjusted net income per share attributable to Tyson (Adjusted EPS), segment operating income (loss), as adjusted, corporate expenses, as adjusted and amortization, as adjusted, are non-GAAP financial measures. Refer to the end of this release for an explanation and reconciliation of these and other non-GAAP financial measures used in this release to comparable GAAP measures.
Sales of $41,834 million, up 3.1% from prior year; Sales up 2.8% excluding the impact of legal contingency accruals of $248 million and $343 million recognized as reduction to Sales in the current year and prior year, respectively
Cash provided by operating activities of $1,469 million, down $151 million from prior year
Sales of $13,868 million, flat compared to prior year; Sales up 0.6% excluding the impact of a legal contingency accrual of $98 million recognized as reduction to Sales in the current year
"We delivered strong third quarter results, fueled by continued strength in our Chicken and Prepared Foods segments, with seven consecutive quarters of growth in Chicken and continued market share gains by our iconic brands,” said Donnie King, President & CEO of Tyson Foods. “These results reflect the power of our differentiated multi-protein portfolio, strong customer partnerships and focus on operational excellence. We remain confident in our ability to deliver long- term growth and create value for shareholders through disciplined execution of our branded food products strategy." 1 SEGMENT RESULTS (in millions) 2
2 Commencing in the first quarter of fiscal 2026, the Company no longer allocates corporate expenses and amortization to segments as these items are no longer used in assessing the performance of, or in allocating resources to, the segments. Accordingly, the Company changed its segment reporting to separately disclose corporate expenses and amortization from its reportable segments and identified International as a reportable segment. All prior period amounts have been recast to reflect the new presentation of segment operating income (loss).
3 Average Price Change and Adjusted Operating Margin (Non-GAAP) for the Chicken segment and Total Company for the three months ended June 27, 2026 exclude the impact of a $98 million legal contingency accrual recognized as a reduction to Sales. Average Price Change and Adjusted Operating Margin (Non-GAAP) for the Beef, Pork and Chicken segments and Total Company for the nine months ended June 27, 2026 exclude the impact of $90 million, $60 million, $98 million and $248 million, respectively, of legal contingency accruals recognized as reductions to Sales. Average Price Change and Adjusted Operating Margin (Non-GAAP) for the Beef and Pork segments and Total Company for the nine months ended June 28, 2025 exclude the impact of $93 million, $250 million and $343 million, respectively, of legal contingency accruals recognized as reductions to Sales. 2
For fiscal 2026, the United States Department of Agriculture (USDA) indicates domestic protein production (beef, pork, chicken and turkey) will increase approximately 1% compared to fiscal 2025 levels. The following is a summary of the updated outlook for each of our segments, as well as an outlook for corporate expenses and amortization, revenue, capital expenditures, net interest expense, liquidity, free cash flow and tax rate for fiscal 2026. As our accounting cycle results in a 53-week year in fiscal 2026 as compared to a 52-week year in fiscal 2025, the fiscal 2026 outlook is based on a comparable 52-week year. Certain of the outlook numbers include adjusted operating income (loss) and segment operating income (loss), as adjusted which are non-GAAP metrics. The Company is not able to reconcile its full-year fiscal 2026 projected adjusted results to its fiscal 2026 projected GAAP results because certain information necessary to calculate such measures on a GAAP basis is unavailable or dependent on the timing of future events outside of our control. Therefore, because of the uncertainty and variability of the nature of and the amount of any potential applicable future adjustments, which could be significant, the Company is unable to provide a reconciliation for these forward-looking non-GAAP measures without unreasonable effort. Adjusted operating income (loss) and segment operating income (loss), as adjusted should not be considered substitutes for operating income (loss) or any other measures of financial performance reported in accordance with GAAP. Investors should rely primarily on the Company’s GAAP results and use non-GAAP financial measures only supplementally in making investment decisions.
USDA projects domestic production will decrease approximately 3% in fiscal 2026 as compared to fiscal 2025. We anticipate segment operating loss, as adjusted, of $(650) million to $(500) million in fiscal 2026.
USDA projects domestic production will increase approximately 2% in fiscal 2026 as compared to fiscal 2025. We anticipate segment operating income, as adjusted, of $250 million to $300 million in fiscal 2026.
USDA projects chicken production will increase approximately 3% in fiscal 2026 as compared to fiscal 2025. We anticipate segment operating income, as adjusted, of $1.90 billion to $2.05 billion in fiscal 2026.
We anticipate segment operating income, as adjusted, of $1.3 billion to $1.35 billion in fiscal 2026.
We anticipate segment operating income, as adjusted, of $150 million to $200 million in fiscal 2026.
We anticipate corporate expenses and amortization, as adjusted, of $950 million to $975 million in fiscal 2026.
We anticipate total company adjusted operating income of $2.1 billion to $2.3 billion for fiscal 2026.
We expect sales to be up 2.5% to 3.5% in fiscal 2026 as compared to fiscal 2025.
We expect capital expenditures of $0.7 billion to $0.9 billion in fiscal 2026. Capital expenditures include investments in profit improvement projects as well as projects for maintenance and repairs.
We expect total liquidity, which was $4.0 billion as of June 27, 2026, to remain above our minimum liquidity target of $1.0 billion.
We expect free cash flow to be between $1.3 billion and $1.7 billion for fiscal 2026.
We currently expect our adjusted effective tax rate to approximate 25% in fiscal 2026. 3
4 The effective tax rate for the three and nine months ended June 27, 2026 is impacted by a $73 million executive leadership transition charge that is non- deductible for income tax purposes. The effective tax rate for the three and nine months ended June 28, 2025 is impacted by a $343 million goodwill impairment charge that is non-deductible for income tax purposes. 4
June 27, 2026 September 27, 2025 ────────────────────────────────────────────────────────────────────────────── Assets Current Assets: Cash and cash equivalents $ 740 $ 1,229 Accounts receivable, net 2,457 2,524 Inventories 5,840 5,681 Other current assets 425 482 Total Current Assets 9,462 9,916 Net Property, Plant and 8,789 9,204 Equipment Goodwill 9,469 9,469 Intangible Assets, net 5,475 5,624 Other Assets 2,417 2,445 Total Assets $ 35,612 $ 36,658 Liabilities and Shareholders’ Equity Current Liabilities: Current debt $ 1,427 $ 909 Accounts payable 2,761 2,601 Other current liabilities 2,413 2,879 Total Current Liabilities 6,601 6,389 Long-Term Debt 6,579 7,921 Deferred Income Taxes 2,233 2,195 Other Liabilities 2,014 1,926 Total Tyson Shareholders’ 18,079 18,085 Equity Noncontrolling Interests 106 142 Total Shareholders’ Equity 18,185 18,227 Total Liabilities and Shareholders’ $ 35,612 $ 36,658 Equity
Nine Months Ended June 27, 2026 June 28, 2025 ────────────────────────────────────────────────────────────────────────────── Cash Flows From Operating Activities: Net income $ 540 $ 449 Depreciation and 1,055 1,029 amortization Deferred income 34 -61 taxes Impairment of — 343 goodwill Gain on sale of — -107 storage facilities Other, net 230 158 Net changes in operating assets and -390 -191 liabilities Cash Provided by 1,469 1,620 Operating Activities Cash Flows From Investing Activities: Additions to property, plant and -556 -691 equipment Purchases of marketable -49 -50 securities Proceeds from sale of marketable 77 47 securities Proceeds from sale of storage 44 252 facilities Acquisition of — -5 equity investments Other, net 64 42 Cash Used for -420 -405 Investing Activities Cash Flows From Financing Activities: Proceeds from 564 63 issuance of debt Payments on debt -1,435 -876 Proceeds from issuance of 945 — commercial paper Repayments of -945 — commercial paper Purchases of Tyson -123 -42 Class A common stock Dividends -529 -524 Stock options 26 20 exercised Other, net -49 -18 Cash Used for -1,546 -1,377 Financing Activities Effect of Exchange 8 -8 Rate Changes on Cash Decrease in Cash and Cash Equivalents -489 -170 and Restricted Cash Cash and Cash Equivalents and Restricted 1,229 1,717 Cash at Beginning of Year Cash and Cash Equivalents and Restricted 740 1,547 Cash at End of Period Less: Restricted Cash at End of — — Period Cash and Cash Equivalents at End $ 740 $ 1,547 of Period
Adjusted Operating Income (Loss), Adjusted Income before Income Taxes, Adjusted Income Tax Expense, Adjusted Net Income Attributable to Tyson and Adjusted EPS, EBITDA, Adjusted EBITDA, net debt to EBITDA, net debt to Adjusted EBITDA, Segment Operating Income (Loss), As Adjusted, Corporate Expenses, As Adjusted, Amortization, As Adjusted, and Free Cash Flow are presented as supplemental financial measures in the evaluation of our business that are not required by, or presented in accordance with GAAP. The non-GAAP financial measures are tools intended to assist our management and investors in comparing our performance on a consistent basis for purposes of business decision-making by removing the impact of certain items that management believes do not directly reflect our core operations on an ongoing basis. These non-GAAP measures should not be a substitute for their comparable GAAP financial measures. Investors should rely primarily on our GAAP results and use non-GAAP financial measures only supplementally in making investment decisions. We believe the presentation of these non-GAAP financial measures helps management and investors to assess our operating performance from period to period, including our ability to generate earnings sufficient to service our debt, enhances understanding of our financial performance and highlights operational trends. These measures are widely used by investors and rating agencies in the valuation, comparison, rating and investment recommendations of companies. Our calculation of non-GAAP measures may not be comparable to similarly titled measures reported by other companies and other companies may not define these non-GAAP financial measures in the same way, which may limit their usefulness of comparative measures.
is defined as net income before interest, income taxes, depreciation and amortization. Net debt to EBITDA (Adjusted EBITDA) represents the ratio of our debt, net of cash, cash equivalents and short-term investments, to EBITDA (and to Adjusted EBITDA). EBITDA, Adjusted EBITDA, net debt to EBITDA and net debt to Adjusted EBITDA are presented as supplemental financial measurements in the evaluation of our business .
Adjusted EBITDA, Adjusted Operating Income (Loss), Adjusted Income before Income Taxes, Adjusted Income Tax Expense, Adjusted Net Income Attributable to Tyson and Adjusted EPS are defined as EBITDA, Operating Income (Loss), Income before Income Taxes, Income Tax Expense, Net Income Attributable to Tyson and diluted earnings per share, respectively, excluding the impacts of any items that management believes do not directly reflect our core operations on an ongoing basis.
is defined as Operating Income (Loss) less corporate expenses and amortization. Corporate expenses are unallocated general and administrative costs, including the costs of corporate functions, that are shared across multiple segments. Amortization includes amortization generated from intangible assets including brands and trademarks, customer relationships, supply arrangements, patents and intellectual property, land use rights and software.
is defined as Segment Operating Income (Loss) less the impact of items affecting comparability, which in management's judgment, affect the year-to-year assessment of operating results. Items affecting comparability include restructuring and related charges (including network optimization), plant closure and disposal charges (net of gains), goodwill and intangible impairments, brand and product line discontinuations, facility fire related costs (net of insurance proceeds), and certain non-ordinary course legal, regulatory and other matters.
is defined as Corporate Expenses less the impact of items affecting comparability, which in management's judgment, affect the year-to-year assessment of operating results. Items affecting comparability include restructuring and related charges (including network optimization), corporate asset disposal charges (net of gains) and certain non-ordinary course legal, regulatory and other matters.
is defined as Amortization less the impact of items affecting comparability, which in management's judgment, affect the year-to-year assessment of operating results. Items affecting comparability include accelerated amortization related to the discontinuance of intangible assets.
is defined as Cash Provided by Operating Activities minus payments for Property, Plant and Equipment. 7
Segment Operating Income (Loss), As Adjusted and Adjusted Operating Income (Loss) Non-GAAP Reconciliations
5 Excludes the amortization of debt issuance and debt discount expense of $8 million for the nine months ended June 27, 2026, $8 million for the nine months ended June 28, 2025, $11 million for the fiscal year ended September 27, 2025 and $11 million for the twelve months ended June 27, 2026 as it is included in interest expense.
6 Relates to a fire at a Chicken production facility in the fourth quarter of fiscal 2021, and a fire at our production facility in the Netherlands in the first quarter of fiscal 2024 that we subsequently decided to sell.
8 Includes the China plant relocation remuneration and related EPS impact, net of $1 million associated with Net Income (Loss) Attributable to Noncontrolling Interests.
9 Includes charges of $5 million, $40 million and $45 million related to the 2015 sale of our Mexico operation for the nine months ended June 27, 2026, the fiscal year ended September 27, 2025 and the twelve months ended June 27, 2026, respectively.
10 Removal of accelerated depreciation of $100 million, $39 million, $39 million and $100 million related to restructuring and related charges for the nine months ended June 27, 2026, the nine months ended June 28, 2025, the fiscal year ended September 27, 2025 and the twelve months ended June 27, 2026, respectively, as they are already included in depreciation expense. Removal of accelerated amortization of $17 million, $23 million and $6 million related to brand discontinuation for the nine months ended June 28, 2025, the fiscal year ended September 27, 2025 and the twelve months ended June 27, 2026, respectively, as they are already included in amortization expense.
11 Includes severance costs and other one-time payments associated with the executive leadership transition announced in the third quarter of fiscal 2026. 10
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 .
A conference call to discuss the Company's financial results will be held at 9 a.m. Eastern Monday, August 3, 2026. A link for the webcast of the conference call is available on the Tyson Investor Relations website at https://ir.tyson.com . For those who cannot participate at the scheduled time, a replay of the live webcast and the accompanying slides will be available at https://ir.tyson.com . A telephone replay will also be available until September 3, 2026, toll free at 1-855-669-9658, international toll 1-412-317-0088 or Canada toll free 1-855-669-9658. The replay access code is 7882726. Financial information, such as this news release, as well as other supplemental data, can be accessed from the Company's web site at https://ir.tyson.com .
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. We wish to caution 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. We undertake no obligation to update any forward-looking statements, whether as a result of new information, future events or otherwise. Among the factors that may cause actual results and experiences to differ from anticipated results and expectations expressed in such forward-looking statements are the following: (i) the effectiveness of financial excellence programs or operational optimization plans; (ii) access to, and inputs from, foreign markets together with foreign economic conditions, including currency fluctuations, import/export restrictions and foreign politics; (iii) global pandemics have had, and may in the future have, an adverse impact on our business and operations; (iv) cyber attacks, other cyber incidents, security breaches or other disruptions of our information technology systems; (v) risks associated with our failure to consummate favorable acquisition transactions or integrate certain acquisitions’ operations; (vi) the Tyson Limited Partnership’s ability to exercise significant control over the Company; (vii) fluctuations in the cost and availability of inputs and raw materials, such as live cattle, live swine, feed grains (including corn and soybean meal) and energy; (viii) market conditions for finished products, including competition from other global and domestic food processors, supply and pricing of competing products and alternative proteins and demand for alternative proteins; (ix) outbreak of a livestock disease (such as African swine fever (ASF), avian influenza (AI), New World screwworm or bovine spongiform encephalopathy (BSE)), which could have an adverse effect on livestock we own, the availability of livestock we purchase, consumer perception of certain protein products or our ability to conduct our operations; (x) changes in consumer preference and diets and our ability to identify and react to consumer trends; (xi) effectiveness of advertising and marketing programs; (xii) significant marketing plan changes by large customers or loss of one or more large customers; (xiii) our ability to leverage brand value propositions; (xiv) changes in availability and relative costs of labor and contract farmers and our ability to maintain good relationships with team members, labor unions, contract farmers and independent producers providing us livestock; (xv) issues related to food safety, including costs resulting from product recalls, regulatory compliance and any related claims or litigation; (xvi) compliance with and changes to regulations and laws (both domestic and foreign), including changes in accounting standards, tax laws, environmental laws, agricultural laws and occupational, health and safety laws; (xvii) the effect of climate change and any legal or regulatory response thereto; (xviii) adverse results from litigation; (xix) risks associated with leverage, including cost increases due to rising interest rates or changes in debt ratings or outlook; (xx) impairment in the carrying value of our goodwill or indefinite life intangible assets; (xxi) our participation in a multiemployer pension plan; (xxii) volatility in capital markets or interest rates; (xxiii) risks associated with our commodity purchasing activities; (xxiv) the effect of, or changes in, general economic conditions; (xxv) impacts on our operations caused by factors and forces beyond our control, such as natural disasters, fire, bioterrorism, pandemics, armed conflicts or extreme weather; (xxvi) failure to maximize or assert our intellectual property rights; (xxvii) effects related to changes in tax rates, valuation of deferred tax assets and liabilities, or tax laws and their interpretation; and (xxviii) the other risks and uncertainties detailed from time to time in our filings with the Securities and Exchange Commission, including those included under the captions "Risk Factors" and "Management's Discussion and Analysis of Financial Condition and Results of Operations" in our most recent Annual Report on Form 10-K and Quarterly reports on Form 10-Q.
Full text with the tables
TYSON FOODS REPORTS THIRD QUARTER 2026 RESULTS
Strong Results Led by Continued Strength in Chicken and Prepared Foods
Springdale, Arkansas – August 3, 2026
– Tyson Foods, Inc. (NYSE: TSN), one of the world’s largest food companies and a
recognized leader in protein with leading brands including Tyson, Jimmy Dean,
Hillshire Farm, Ball Park, Wright, Aidells, ibp and State Fair , reported the
following results:
(in
million…
except
per Nine
share Third Months
data) Quarter 2026 2025 Ended 2026 2025
──────────────────────────────────────────────────────────────────────────────
Sales $ 13,868 $ 13,884 $ 41,834 $ 40,581
Operati… $ 362 $ 260 $ 1,099 $ 940
Income
Adjuste…
Income $ 547 $ 505 $ 1,616 $ 1,679
(non-GA…
Net
Income
Per
Share $ 0.52 $ 0.17 $ 1.49 $ 1.20
Attribu…
to
Tyson
Adjuste…
Income
Per
Share $ 0.99 $ 0.91 $ 2.83 $ 2.97
Attribu…
to Tyson
(non-GA…
1 The Company reports its financial results in accordance with U.S. generally
accepted accounting principles (GAAP). As used in this table and throughout this
earnings release, adjusted operating income (loss), adjusted net income per
share attributable to Tyson (Adjusted EPS), segment operating income (loss), as
adjusted, corporate expenses, as adjusted and amortization, as adjusted, are
non-GAAP financial measures. Refer to the end of this release for an explanation
and reconciliation of these and other non-GAAP financial measures used in this
release to comparable GAAP measures.
First Nine Months Highlights
•
Sales of $41,834 million, up 3.1% from prior year; Sales up 2.8% excluding the
impact of legal contingency accruals of $248 million and $343 million recognized
as reduction to Sales in the current year and prior year, respectively
•
GAAP operating income of $1,099 million, up 17% from prior year
•
Adjusted operating income of $1,616 million, down 4% from prior year
•
GAAP EPS of $1.49, up 24% from prior year
•
Adjusted EPS of $2.83, down 5% from prior year
•
Total Company GAAP operating margin of 2.6%
•
Total Company adjusted operating margin (non-GAAP) of 3.8%
•
Liquidity of $4.0 billion as of June 27, 2026
•
Cash provided by operating activities of $1,469 million, down $151 million from
prior year
•
Free cash flow (non-GAAP) of $913 million, down $16 million from prior year
•
Reduced total debt $824 million
Third Quarter Highlights
•
Sales of $13,868 million, flat compared to prior year; Sales up 0.6% excluding
the impact of a legal contingency accrual of $98 million recognized as reduction
to Sales in the current year
•
GAAP operating income of $362 million, up 39% from prior year
•
Adjusted operating income of $547 million, up 8% from prior year
•
GAAP EPS of $0.52, up $0.35 from prior year
•
Adjusted EPS of $0.99, up 9% from prior year
•
Total Company GAAP operating margin of 2.6%
•
Total Company adjusted operating margin (non-GAAP) of 3.9%
"We delivered strong third quarter results, fueled by continued strength in our
Chicken and Prepared Foods segments, with seven consecutive quarters of growth
in Chicken and continued market share gains by our iconic brands,” said Donnie
King, President & CEO of Tyson Foods. “These results reflect the power of our
differentiated multi-protein portfolio, strong customer partnerships and focus
on operational excellence. We remain confident in our ability to deliver long-
term growth and create value for shareholders through disciplined execution of
our branded food products strategy."
1
SEGMENT RESULTS (in millions) 2
──────────────────────────────────────────────────────────────────────────────
… …
… …
…
… … … A…
… P…
… … … … … … … C…
$ … $ … … % … % $ 1… $ 1… -… % … %
… … … % … % 4… 4… 3… % … %
… … … % … % 1… 1… 2… % … %
… … … % … % 7… 7… 0… % … %
… … … % … % 1… 1… -… % … %
… … … n… -… -… … n…
$ … $ … … % … % $ 4… $ 4… -… % … %
──────────────────────────────────────────────────────────────────────────────
… …
… …
…
… …
… …
… … … … … … … 2…
$ … $ … … % … % $ -… $ -… -… % … %
… … … % … % 1… -… 3… % … %
… … … % … % 1… 1… 1… % … %
… … … % … % 9… 1… 1… % … %
… … … % … % 1… 1… 7… % … %
$ … $ … … % … % $ 1… $ 1… 4… % … %
$ … $ … … n… $ -… $ -… … n…
… … … n… -… -… … n…
$ … $ … … % … % $ 1… $ 9… 2… % … %
ADJUSTED SEGMENT RESULTS (in millions)
2
──────────────────────────────────────────────────────────────────────────────
… …
… …
…
… …
… …
… …
… …
… … … … … … … 2…
$ … $ … … % … % $ -… $ -… -… % … %
… … … % … % 2… 1… 4… % … %
… … … % … % 1… 1… 1… % … %
… … … % … % 1… 9… 1… % … %
… … … % … % 1… 1… 7… % … %
$ … $ … … % … % $ 2… $ 2… 5… % … %
$ … $ … … n… $ -… $ -… … n…
… … … n… -… -… … n…
$ … $ … … % … % $ 1… $ 1… 3… % … %
2 Commencing in the first quarter of fiscal 2026, the Company no longer
allocates corporate expenses and amortization to segments as these items are no
longer used in assessing the performance of, or in allocating resources to, the
segments. Accordingly, the Company changed its segment reporting to separately
disclose corporate expenses and amortization from its reportable segments and
identified International as a reportable segment. All prior period amounts have
been recast to reflect the new presentation of segment operating income (loss).
3 Average Price Change and Adjusted Operating Margin (Non-GAAP) for the Chicken
segment and Total Company for the three months ended June 27, 2026 exclude the
impact of a $98 million legal contingency accrual recognized as a reduction to
Sales. Average Price Change and Adjusted Operating Margin (Non-GAAP) for the
Beef, Pork and Chicken segments and Total Company for the nine months ended June
27, 2026 exclude the impact of $90 million, $60 million, $98 million and $248
million, respectively, of legal contingency accruals recognized as reductions to
Sales. Average Price Change and Adjusted Operating Margin (Non-GAAP) for the
Beef and Pork segments and Total Company for the nine months ended June 28, 2025
exclude the impact of $93 million, $250 million and $343 million, respectively,
of legal contingency accruals recognized as reductions to Sales.
2
OUTLOOK
For fiscal 2026, the United States Department of Agriculture (USDA) indicates
domestic protein production (beef, pork, chicken and turkey) will increase
approximately 1% compared to fiscal 2025 levels. The following is a summary of
the updated outlook for each of our segments, as well as an outlook for
corporate expenses and amortization, revenue, capital expenditures, net interest
expense, liquidity, free cash flow and tax rate for fiscal 2026. As our
accounting cycle results in a 53-week year in fiscal 2026 as compared to a
52-week year in fiscal 2025, the fiscal 2026 outlook is based on a comparable
52-week year. Certain of the outlook numbers include adjusted operating income
(loss) and segment operating income (loss), as adjusted which are non-GAAP
metrics. The Company is not able to reconcile its full-year fiscal 2026
projected adjusted results to its fiscal 2026 projected GAAP results because
certain information necessary to calculate such measures on a GAAP basis is
unavailable or dependent on the timing of future events outside of our control.
Therefore, because of the uncertainty and variability of the nature of and the
amount of any potential applicable future adjustments, which could be
significant, the Company is unable to provide a reconciliation for these
forward-looking non-GAAP measures without unreasonable effort. Adjusted
operating income (loss) and segment operating income (loss), as adjusted should
not be considered substitutes for operating income (loss) or any other measures
of financial performance reported in accordance with GAAP. Investors should rely
primarily on the Company’s GAAP results and use non-GAAP financial measures only
supplementally in making investment decisions.
Beef
USDA projects domestic production will decrease approximately 3% in fiscal 2026
as compared to fiscal 2025. We anticipate segment operating loss, as adjusted,
of $(650) million to $(500) million in fiscal 2026.
Pork
USDA projects domestic production will increase approximately 2% in fiscal 2026
as compared to fiscal 2025. We anticipate segment operating income, as adjusted,
of $250 million to $300 million in fiscal 2026.
Chicken
USDA projects chicken production will increase approximately 3% in fiscal 2026
as compared to fiscal 2025. We anticipate segment operating income, as adjusted,
of $1.90 billion to $2.05 billion in fiscal 2026.
Prepared Foods
We anticipate segment operating income, as adjusted, of $1.3 billion to $1.35
billion in fiscal 2026.
International
We anticipate segment operating income, as adjusted, of $150 million to $200
million in fiscal 2026.
Corporate Expenses and Amortization
We anticipate corporate expenses and amortization, as adjusted, of $950 million
to $975 million in fiscal 2026.
Total Company
We anticipate total company adjusted operating income of $2.1 billion to $2.3
billion for fiscal 2026.
Revenue
We expect sales to be up 2.5% to 3.5% in fiscal 2026 as compared to fiscal 2025.
Capital Expenditures
We expect capital expenditures of $0.7 billion to $0.9 billion in fiscal 2026.
Capital expenditures include investments in profit improvement projects as well
as projects for maintenance and repairs.
Net Interest Expense
We expect net interest expense to approximate $365 million in fiscal 2026.
Liquidity
We expect total liquidity, which was $4.0 billion as of June 27, 2026, to remain
above our minimum liquidity target of $1.0 billion.
Free Cash Flow
We expect free cash flow to be between $1.3 billion and $1.7 billion for fiscal
2026.
Tax Rate
We currently expect our adjusted effective tax rate to approximate 25% in fiscal
2026.
3
TYSON FOODS, INC.
CONSOLIDATED CONDENSED STATEMENTS OF INCOME
(In millions, except per share data)
(Unaudited)
Three June June Nine June June
Mont… 27, 28, Months 27, 28,
Ended 2026 2025 Ended 2026 2025
──────────────────────────────────────────────────────────────────────────────
Sales $ 13,868 $ 13,8… $ 41,8… $ 40,581
Cost
of 12,947 12,7… 39,1… 37,745
Sales
Gross 921 1,141 2,691 2,836
Prof…
Sell…
Gene… 559 538 1,592 1,553
and
Admi…
Good… — 343 — 343
Impa…
Oper… 362 260 1,099 940
Inco…
Other
(Inc…
Expe…
Inte… -6 -15 -27 -57
inco…
Inte… 98 113 299 343
expe…
Othe… 4 -31 75 -47
net
Total
Other 96 67 347 239
(Inc…
Expe…
Inco…
befo… 266 193 752 701
Inco…
Taxes
Inco…
Tax 80 124 212 252
Expe…
Net 186 69 540 449
Inco…
Less:
Net
Inco…
Attr… 4 8 13 22
to
Nonc…
Inte…
Net
Inco…
Attr… $ 182 $ 61 $ 527 $ 427
to
Tyson
Net
Inco…
Per
Share
Attr…
to
Tyso…
Class
A $ 0.53 $ 0.18 $ 1.53 $ 1.23
Basic
Class
B $ 0.48 $ 0.16 $ 1.38 $ 1.10
Basic
Dilu… $ 0.52 $ 0.17 $ 1.49 $ 1.20
Divi…
Decl…
Per
Shar…
Class $ 0.510 $ 0.500 $ 1.540 $ 1.510
A
Class $ 0.459 $ 0.450 $ 1.386 $ 1.359
B
Sales -0.1 % 3.1 %
Grow…
Marg…
(Per…
of
Sale…
Gross 6.6 % 8.2 % 6.4 % 7.0 %
Prof…
Oper… 2.6 % 1.9 % 2.6 % 2.3 %
Inco…
Net
Inco…
Attr… 1.3 % 0.4 % 1.3 % 1.1 %
to
Tyson
Effe…
Tax 30.1 % 64.5 % 28.2 % 36.0 %
Rate4
4 The effective tax rate for the three and nine months ended June 27, 2026 is
impacted by a $73 million executive leadership transition charge that is non-
deductible for income tax purposes. The effective tax rate for the three and
nine months ended June 28, 2025 is impacted by a $343 million goodwill
impairment charge that is non-deductible for income tax purposes.
4
TYSON FOODS, INC.
CONSOLIDATED CONDENSED BALANCE SHEETS
(In millions)
(Unaudited)
June 27, 2026 September 27, 2025
──────────────────────────────────────────────────────────────────────────────
Assets
Current Assets:
Cash and cash equivalents $ 740 $ 1,229
Accounts receivable, net 2,457 2,524
Inventories 5,840 5,681
Other current assets 425 482
Total Current Assets 9,462 9,916
Net Property, Plant and 8,789 9,204
Equipment
Goodwill 9,469 9,469
Intangible Assets, net 5,475 5,624
Other Assets 2,417 2,445
Total Assets $ 35,612 $ 36,658
Liabilities and Shareholders’
Equity
Current Liabilities:
Current debt $ 1,427 $ 909
Accounts payable 2,761 2,601
Other current liabilities 2,413 2,879
Total Current Liabilities 6,601 6,389
Long-Term Debt 6,579 7,921
Deferred Income Taxes 2,233 2,195
Other Liabilities 2,014 1,926
Total Tyson Shareholders’ 18,079 18,085
Equity
Noncontrolling Interests 106 142
Total Shareholders’ Equity 18,185 18,227
Total Liabilities and
Shareholders’ $ 35,612 $ 36,658
Equity
5
TYSON FOODS, INC.
CONSOLIDATED CONDENSED STATEMENTS OF CASH FLOWS
(In millions)
(Unaudited)
Nine Months Ended June 27, 2026 June 28, 2025
──────────────────────────────────────────────────────────────────────────────
Cash Flows From
Operating
Activities:
Net income $ 540 $ 449
Depreciation and 1,055 1,029
amortization
Deferred income 34 -61
taxes
Impairment of — 343
goodwill
Gain on sale of — -107
storage facilities
Other, net 230 158
Net changes in
operating assets and -390 -191
liabilities
Cash Provided by 1,469 1,620
Operating Activities
Cash Flows From
Investing
Activities:
Additions to
property, plant and -556 -691
equipment
Purchases of
marketable -49 -50
securities
Proceeds from sale
of marketable 77 47
securities
Proceeds from sale
of storage 44 252
facilities
Acquisition of — -5
equity investments
Other, net 64 42
Cash Used for -420 -405
Investing Activities
Cash Flows From
Financing
Activities:
Proceeds from 564 63
issuance of debt
Payments on debt -1,435 -876
Proceeds from
issuance of 945 —
commercial
paper
Repayments of -945 —
commercial paper
Purchases of Tyson -123 -42
Class A common stock
Dividends -529 -524
Stock options 26 20
exercised
Other, net -49 -18
Cash Used for -1,546 -1,377
Financing Activities
Effect of Exchange 8 -8
Rate Changes on Cash
Decrease in Cash and
Cash Equivalents -489 -170
and Restricted Cash
Cash and Cash
Equivalents and
Restricted 1,229 1,717
Cash at Beginning of
Year
Cash and Cash
Equivalents and
Restricted 740 1,547
Cash at End of
Period
Less: Restricted
Cash at End of — —
Period
Cash and Cash
Equivalents at End $ 740 $ 1,547
of
Period
6
Non-GAAP Financial Measures
Adjusted Operating Income (Loss), Adjusted Income before Income Taxes, Adjusted
Income Tax Expense, Adjusted Net Income Attributable to Tyson and Adjusted EPS,
EBITDA, Adjusted EBITDA, net debt to EBITDA, net debt to Adjusted EBITDA,
Segment Operating Income (Loss), As Adjusted, Corporate Expenses, As Adjusted,
Amortization, As Adjusted, and Free Cash Flow are presented as supplemental
financial measures in the evaluation of our business that are not required by,
or presented in accordance with GAAP. The non-GAAP financial measures are tools
intended to assist our management and investors in comparing our performance on
a consistent basis for purposes of business decision-making by removing the
impact of certain items that management believes do not directly reflect our
core operations on an ongoing basis. These non-GAAP measures should not be a
substitute for their comparable GAAP financial measures. Investors should rely
primarily on our GAAP results and use non-GAAP financial measures only
supplementally in making investment decisions. We believe the presentation of
these non-GAAP financial measures helps management and investors to assess our
operating performance from period to period, including our ability to generate
earnings sufficient to service our debt, enhances understanding of our financial
performance and highlights operational trends. These measures are widely used by
investors and rating agencies in the valuation, comparison, rating and
investment recommendations of companies. Our calculation of non-GAAP measures
may not be comparable to similarly titled measures reported by other companies
and other companies may not define these non-GAAP financial measures in the same
way, which may limit their usefulness of comparative measures.
Definitions
EBITDA
is defined as net income before interest, income taxes, depreciation and
amortization. Net debt to EBITDA (Adjusted EBITDA) represents the ratio of our
debt, net of cash, cash equivalents and short-term investments, to EBITDA (and
to Adjusted EBITDA). EBITDA, Adjusted EBITDA, net debt to EBITDA and net debt to
Adjusted EBITDA are presented as supplemental financial measurements in the
evaluation of our business .
Adjusted EBITDA, Adjusted Operating Income (Loss), Adjusted Income before Income
Taxes, Adjusted Income Tax Expense, Adjusted Net Income Attributable to Tyson
and Adjusted EPS are defined as EBITDA, Operating Income (Loss), Income before
Income Taxes, Income Tax Expense, Net Income Attributable to Tyson and diluted
earnings per share, respectively, excluding the impacts of any items that
management believes do not directly reflect our core operations on an ongoing
basis.
Segment Operating Income (Loss)
is defined as Operating Income (Loss) less corporate expenses and amortization.
Corporate expenses are unallocated general and administrative costs, including
the costs of corporate functions, that are shared across multiple segments.
Amortization includes amortization generated from intangible assets including
brands and trademarks, customer relationships, supply arrangements, patents and
intellectual property, land use rights and software.
Segment Operating Income (Loss), As Adjusted
is defined as Segment Operating Income (Loss) less the impact of items affecting
comparability, which in management's judgment, affect the year-to-year
assessment of operating results. Items affecting comparability include
restructuring and related charges (including network optimization), plant
closure and disposal charges (net of gains), goodwill and intangible
impairments, brand and product line discontinuations, facility fire related
costs (net of insurance proceeds), and certain non-ordinary course legal,
regulatory and other matters.
Corporate Expenses, As Adjusted
is defined as Corporate Expenses less the impact of items affecting
comparability, which in management's judgment, affect the year-to-year
assessment of operating results. Items affecting comparability include
restructuring and related charges (including network optimization), corporate
asset disposal charges (net of gains) and certain non-ordinary course legal,
regulatory and other matters.
Amortization, As Adjusted
is defined as Amortization less the impact of items affecting comparability,
which in management's judgment, affect the year-to-year assessment of operating
results. Items affecting comparability include accelerated amortization related
to the discontinuance of intangible assets.
Free Cash Flow
is defined as Cash Provided by Operating Activities minus payments for Property,
Plant and Equipment.
7
TYSON FOODS, INC.
GAAP Results to Non-GAAP Results Reconciliations
(In millions, except per share data)
(Unaudited)
──────────────────────────────────────────────────────────────────────────────
… … …
… … … … … …
… … … … …
…
$ … … … … …
— … — — … … … 8 … …
… — — — … — … … … …
— — … — … — … — … …
$ … … … … …
… … …
… … … … … …
… … … … …
…
$ … … … … …
— … — — … — … — … …
— — 5 — 5 — 5 1 4 …
— … — — … — … … … …
— … — — … — … … … …
— — — … … — … — … …
$ … … … … …
… … …
… … … … … …
… … … … …
…
$ … … … … …
— … … — … … … … … …
… … — — … — … … … …
— — — — — … … … … …
— — … — … — … — … …
$ … … … … …
… … …
… … … … … …
… … … … …
…
$ … … … … …
— … — — … … … 7 … …
— — … — … — … 4 … …
— … 2 — … — … 4 … …
… — — — … — … … … …
— … — — … — … 5 … …
— — — … … — … — … …
$ … … … … …
8
TYSON FOODS, INC.
Segment Operating Income (Loss), As Adjusted and Adjusted Operating Income
(Loss) Non-GAAP Reconciliations
(In millions)
(Unaudited)
──────────────────────────────────────────────────────────────────────────────
… O…
… I…
… (…
…
… … … … … T… C… A… T…
… E…
$ … $ … $ … $ … $ … $ … $ … $ … $ …
4 — 1 9 — … — — …
— — … — — … — — …
— — — — — — … — …
$ … $ … $ … $ … $ … $ … $ … $ … $ …
… O…
… I…
… (…
…
… … … … … T… C… A… T…
… E…
$ … $ … $ … $ … $ … $ … $ … $ … $ …
— — — — … … — — …
— — — — — — — 5 5
— — … … — … — — …
— — — — … … — — …
… — — — — … — — …
$ … $ … $ … $ … $ … $ … $ … $ … $ …
──────────────────────────────────────────────────────────────────────────────
… …
… …
… …
…
… … … … … … … … …
… …
$ … $ … $ … $ … $ … $ 1… $ -… $ -… $ 1…
… 1 … … … 1… 6 — 1…
… … … — 5 2… — — 2…
— — — — — — 73 — 73
$ … $ … $ … $ … $ … $ 2… $ -… $ -… $ 1…
… …
… …
… …
…
… … … … … … … … …
… …
$ … $ … $ … $ … $ … $ 1… $ -… $ -… $ 9…
— — — — … -… — — -…
— — — — — — — 17 17
… — 5 … … 33 — — 33
… … — — — 3… — — 3…
— — … — … 17 — — 17
… — — — — 3… — — 3…
$ … $ … $ … $ … $ … $ 2… $ -… $ -… $ 1…
9
TYSON FOODS, INC.
EBITDA and Adjusted EBITDA Non-GAAP Reconciliations
(In millions)
(Unaudited)
Nine June June Fisc… Twe… Sept… June
Mon… 27, 28, Year Mon… 27, 27,
End… 2026 2025 Ended End… 2025 2026
──────────────────────────────────────────────────────────────────────────────
Net $ 540 $ 449 $ 507 $ 598
in…
Le…
In… -27 -57 -73 -43
in…
Ad…
In… 299 343 449 405
ex…
Ad…
In… 212 252 262 222
tax
ex…
Ad… 885 828 1,093 1,1…
De…
Ad… 162 193 257 226
Am…
EB… $ 2,071 $ 2,0… $ 2,495 $ 2,5…
Ad…
to
EB…
Le…
Fa…
fi…
re… $ — $ -21 $ -36 $ -15
co…
(i…
pr…
Ad…
Br…
and — 17 23 6
pr…
li…
di…
Ad…
Re…
and 195 33 45 207
re…
ch…
Ad…
Le… 269 343 738 664
co…
ac…
Ad…
Pl…
cl… — 17 17 —
and
di…
ch…
Ad…
Go…
and — 343 343 —
in…
im…
Ad…
Pr… — — 41 41
re…
Ad…
Im…
of 73 — 28 101
eq…
in…
Ad…
Ex…
le… 73 — — 73
tr…
ch…
Le…
De…
and
am… -100 -56 -62 -106
in…
in
EB…
ad…
To…
Ad… $ 2,581 $ 2,6… $ 3,632 $ 3,5…
EB…
To…
gr… $ 8,830 $ 8,0…
de…
Le…
Ca…
and -1,2… -740
ca…
eq…
Le…
Sh… — —
in…
To…
net $ 7,601 $ 7,2…
de…
Ra…
Ca…
Gr… 3.5x 3.1x
de…
Net 3.0x 2.8x
de…
Gr…
de… 2.4x 2.3x
EB…
Net
de… 2.1x 2.1x
EB…
5 Excludes the amortization of debt issuance and debt discount expense of $8
million for the nine months ended June 27, 2026, $8 million for the nine months
ended June 28, 2025, $11 million for the fiscal year ended September 27, 2025
and $11 million for the twelve months ended June 27, 2026 as it is included in
interest expense.
6 Relates to a fire at a Chicken production facility in the fourth quarter of
fiscal 2021, and a fire at our production facility in the Netherlands in the
first quarter of fiscal 2024 that we subsequently decided to sell.
7 Includes the Network Optimization Plan that commenced in fiscal 2025.
8 Includes the China plant relocation remuneration and related EPS impact, net
of $1 million associated with Net Income (Loss) Attributable to Noncontrolling
Interests.
9 Includes charges of $5 million, $40 million and $45 million related to the
2015 sale of our Mexico operation for the nine months ended June 27, 2026, the
fiscal year ended September 27, 2025 and the twelve months ended June 27, 2026,
respectively.
10 Removal of accelerated depreciation of $100 million, $39 million, $39 million
and $100 million related to restructuring and related charges for the nine
months ended June 27, 2026, the nine months ended June 28, 2025, the fiscal year
ended September 27, 2025 and the twelve months ended June 27, 2026,
respectively, as they are already included in depreciation expense. Removal of
accelerated amortization of $17 million, $23 million and $6 million related to
brand discontinuation for the nine months ended June 28, 2025, the fiscal year
ended September 27, 2025 and the twelve months ended June 27, 2026,
respectively, as they are already included in amortization expense.
11 Includes severance costs and other one-time payments associated with the
executive leadership transition announced in the third quarter of fiscal 2026.
10
TYSON FOODS, INC.
Free Cash Flow Non-GAAP Reconciliation
(In millions)
(Unaudited)
Nine Months Ended June 27, 2026 June 28, 2025
──────────────────────────────────────────────────────────────────────────────
Cash Provided by $ 1,469 $ 1,620
Operating Activities
Additions to
property, plant and -556 -691
equipment
Free cash flow $ 913 $ 929
11
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 .
Conference Call Information and Other Selected Data
A conference call to discuss the Company's financial results will be held at 9
a.m. Eastern Monday, August 3, 2026. A link for the webcast of the conference
call is available on the Tyson Investor Relations website at
https://ir.tyson.com . For those who cannot participate at the scheduled time, a
replay of the live webcast and the accompanying slides will be available at
https://ir.tyson.com . A telephone replay will also be available until September
3, 2026, toll free at 1-855-669-9658, international toll 1-412-317-0088 or
Canada toll free 1-855-669-9658. The replay access code is 7882726. Financial
information, such as this news release, as well as other supplemental data, can
be accessed from the Company's web site at https://ir.tyson.com .
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. We wish to caution 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.
We undertake no obligation to update any forward-looking statements, whether as
a result of new information, future events or otherwise. Among the factors that
may cause actual results and experiences to differ from anticipated results and
expectations expressed in such forward-looking statements are the following: (i)
the effectiveness of financial excellence programs or operational optimization
plans; (ii) access to, and inputs from, foreign markets together with foreign
economic conditions, including currency fluctuations, import/export restrictions
and foreign politics; (iii) global pandemics have had, and may in the future
have, an adverse impact on our business and operations; (iv) cyber attacks,
other cyber incidents, security breaches or other disruptions of our information
technology systems; (v) risks associated with our failure to consummate
favorable acquisition transactions or integrate certain acquisitions’
operations; (vi) the Tyson Limited Partnership’s ability to exercise significant
control over the Company; (vii) fluctuations in the cost and availability of
inputs and raw materials, such as live cattle, live swine, feed grains
(including corn and soybean meal) and energy; (viii) market conditions for
finished products, including competition from other global and domestic food
processors, supply and pricing of competing products and alternative proteins
and demand for alternative proteins; (ix) outbreak of a livestock disease (such
as African swine fever (ASF), avian influenza (AI), New World screwworm or
bovine spongiform encephalopathy (BSE)), which could have an adverse effect on
livestock we own, the availability of livestock we purchase, consumer perception
of certain protein products or our ability to conduct our operations; (x)
changes in consumer preference and diets and our ability to identify and react
to consumer trends; (xi) effectiveness of advertising and marketing programs;
(xii) significant marketing plan changes by large customers or loss of one or
more large customers; (xiii) our ability to leverage brand value propositions;
(xiv) changes in availability and relative costs of labor and contract farmers
and our ability to maintain good relationships with team members, labor unions,
contract farmers and independent producers providing us livestock; (xv) issues
related to food safety, including costs resulting from product recalls,
regulatory compliance and any related claims or litigation; (xvi) compliance
with and changes to regulations and laws (both domestic and foreign), including
changes in accounting standards, tax laws, environmental laws, agricultural laws
and occupational, health and safety laws; (xvii) the effect of climate change
and any legal or regulatory response thereto; (xviii) adverse results from
litigation; (xix) risks associated with leverage, including cost increases due
to rising interest rates or changes in debt ratings or outlook; (xx) impairment
in the carrying value of our goodwill or indefinite life intangible assets;
(xxi) our participation in a multiemployer pension plan; (xxii) volatility in
capital markets or interest rates; (xxiii) risks associated with our commodity
purchasing activities; (xxiv) the effect of, or changes in, general economic
conditions; (xxv) impacts on our operations caused by factors and forces beyond
our control, such as natural disasters, fire, bioterrorism, pandemics, armed
conflicts or extreme weather; (xxvi) failure to maximize or assert our
intellectual property rights; (xxvii) effects related to changes in tax rates,
valuation of deferred tax assets and liabilities, or tax laws and their
interpretation; and (xxviii) the other risks and uncertainties detailed from
time to time in our filings with the Securities and Exchange Commission,
including those included under the captions "Risk Factors" and "Management's
Discussion and Analysis of Financial Condition and Results of Operations" in our
most recent Annual Report on Form 10-K and Quarterly reports on Form 10-Q.
Media Contact: Laura Burns, 479-713-9890 Source: Tyson Foods, Inc.
Investor Contact: Jon Kathol, 479-290-4235 Category: IR, Newsroom
12