EarningsQ3 2026 Earnings Report
MX:TSN Q3 2026 EPS Results
Actual EPS$18.00
Consensus EPS$17.98
Beat/MissBeat by +$0.02
One Year Ago EPS$16.54
MX:TSN Q3 2026 Revenue Results
Actual Revenue$252.10B
Expected Revenue$255.69B
Beat/MissMissed by -$3.60B
YoY Revenue Growth-0.12%
Earnings Announcement Details
QuarterQ3 2026
Date08/03/2026
TimeBefore Open
Conference CallMonday, August 3, 2026
MX:TSN Upcoming Earnings
Tyson Foods's next earnings date is estimated for November 16, 2026, based on past reporting schedules.
Q3 2026 Earnings Call Audio
MX:TSN Q3 2026 Earnings Call
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Q3 2026 Earnings Slide Deck
Q3 2026 Earnings Call Summary
Earnings Call Sentiment|Positive
The call presented multiple clear operational wins: sustained share and volume gains in Prepared Foods, strong and differentiated Chicken performance, improved genetics rollout, solid cash generation, tightened guidance and a healthy balance sheet with active share repurchases. However, material and ongoing weakness in Beef — including a substantial quarterly loss, a sharp 15.9% volume decline and a multi-hundred-million-dollar full-year expected loss — is the largest near-term headwind. Other transitory pressures include elevated commodity (notably beef trim) and freight costs that will lag into margins. Taken together, the company's diversified portfolio and financial strength provide a constructive outlook, but Beef remains a significant negative that tempers the overall performance.Company Guidance
Prepared Foods Share Gains and Sales Growth
Prepared Foods sales up 1.7% year-over-year to $2.6 billion; segment operating income $321 million with a 12.6% margin. Retail volume share up 70 basis points, unit share up 70 bps and dollar share up 50 bps; 13 consecutive weeks of share gains. Notable brand growth: Hillshire Snacking +18.4%, Hillshire Farm Lunch Meat +7.0%, Aidells dinner sausage +5.8%, Hillshire/Wright smoked sausage +3.4%, Jimmy Dean Refrigerated Breakfast +2.7%. Midpoint of full-year Prepared Foods outlook raised to $1.3 billion–$1.35 billion.
Strong Chicken Performance
Chicken segment operating income $488 million, up $40 million year-over-year, with an 11.2% margin. Retail and foodservice volume +3.8% vs. company total volume growth of 1.0%. Seventh consecutive quarter of year-over-year volume and sales growth; net price realization increased versus prior year despite softer input markets. Full-year Chicken outlook reaffirmed at $1.9 billion–$2.05 billion.
Improving Genetics Tailwind for Chicken
Rollout of improved big-bird genetics progressing — ~75% adoption in relevant locations by calendar year-end with remaining adoption in fiscal 2027 — expected to drive yields, live performance and margin benefits in Chicken and related genetics P&L.
Corporate Financial Strength and Cash Generation
Total company sales $13.9 billion (essentially flat). Third quarter adjusted operating income $547 million (3.9% margin). Adjusted EPS $0.99, up 9% year-over-year. Operating cash flow for first 9 months $1.47 billion; capital expenditures $556 million; free cash flow $913 million. Liquidity $4.0 billion and net leverage 2.1x. Year-to-date shareholder returns (dividends + buybacks) $652 million; repurchases of $31 million in the quarter and an additional $49 million since quarter end.
Total Company Operating Income Improvement
Third quarter segment operating income $779 million, up $18 million versus prior year. Corporate expenses and amortization lower by $24 million versus prior year, reflecting disciplined cost management.
Pork Stability and Prepared Foods Integration
Pork segment operating income $60 million with a 3.8% margin. Hog supplies adequate and consumer demand solid, enabling a balanced value chain and better predictability. Continued integration with Prepared Foods optimizes mix and raw material allocation.
International Steady Performance
International segment operating income $48 million with an 8% margin, supported by cost discipline and improved execution; management is on track with the annual outlook for the segment.
Guidance Narrowing and Capital Allocation
Narrowed full-year sales growth guidance to 2.5%–3.5% (52-week comparable). Total company adjusted operating income guidance narrowed to $2.1 billion–$2.3 billion. CapEx guidance $700 million–$900 million and free cash flow guidance $1.3 billion–$1.7 billion. Continued balanced capital allocation emphasizing investment, balance sheet strength and shareholder returns.
MX:TSN Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed