TSNTyson Foods
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
The biggest changes in the 10-K filed 2025-11-10, this fiscal year against the last, and the sentences in the MD&A (Item 7) where management explains them, quoted word for word. Tickdelta picks sentences that name the line, a direction and a cause. It does not write explanations of its own.
Net income
-40.8% Big change FY to 2025-09-27 vs 2024-09-28“The increase in effective tax rate for fiscal 2025 was primarily due to a non-deductible goodwill impairment in fiscal 2025.”
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Cash from operations
-16.8% Big change FY to 2025-09-27 vs 2024-09-28“Cash provided by operating activities for fiscal 2025 was $2.2 billion, a decrease of $435 million compared to fiscal 2024, due to $105 million of lower earnings, net of non-cash items, and a $330 million decrease in cash provided by the net changes in operating assets and liabilities which was primarily impacted by:”
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Operating margin
2.6% → 2.0% (-0.6 pts) FY to 2025-09-27 vs 2024-09-28“We reported operating income of $1,098 million in fiscal 2025 as compared to an operating income of $1,409 million in fiscal 2024, as we experienced lower operating income in our Beef and Pork segments, partially offset by higher operating income in our Chicken and Prepared Foods segments and International/Other.”
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“Decrease of $97 million in selling, general and administrative was primarily driven by:”
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Gross margin
6.8% → 6.5% (-0.3 pts) FY to 2025-09-27 vs 2024-09-28The MD&A has no sentence that names a cause for this change. That can be worth a question: ask about the filing.
Revenue
+2.1% FY to 2025-09-27 vs 2024-09-28“Sales grew 2.1%, or $1.1 billion to $54.4 billion in fiscal 2025, largely due to higher average sales prices in our Beef, Pork and Prepared Foods segments, partially offset by $653 million of increased legal contingency accruals which reduced sales.”
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“Sales Volume – Volumes were essentially flat and resulted in a decrease of $10 million as decreased sales volume in our Beef, Pork and Prepared Foods segments were offset by increased sales volume in our Chicken segment.”
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Changes are computed from the XBRL figures in the same 10-K. Hover a number to see the line item. 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.