Tyson Foods processes beef, pork and chicken and sells branded refrigerated and frozen foods, including Tyson, Jimmy Dean, Hillshire Farm and Ball Park.
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A snapshot of what TYSON FOODS, INC. owns and owes at a point in time.
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3 reports in this collection
| Report period | Filed with SEC | Form | Source |
|---|---|---|---|
| Sep 30, 20230000100493-23-000105 | Nov 13, 2023 | 10-K | Open 10-Ksec.gov |
| Sep 28, 20240000100493-24-000119 | Nov 12, 2024 | 10-K | Open 10-Ksec.gov |
| Sep 27, 20250000100493-25-000095 | Nov 10, 2025 | 10-K | Open 10-Ksec.gov |
Dates describe the filing metadata. Figures and reporting periods should be checked against the original statement. SEC links open in a new tab.
Tyson's Chicken business is supporting earnings, but cattle shortages and weak Beef processing margins remain major constraints. For the nine months ended June 27, 2026, sales increased to $41.834 billion and GAAP operating income improved, helped by the absence of a prior-year goodwill impairment. Adjusted operating income nevertheless declined, and operating cash flow weakened. On September 3, management lowered its fiscal-2026 sales and adjusted-profit outlook, citing Beef pressure and softer foodservice demand. Announced plant closures and capacity shifts may improve efficiency, but costs, savings and completion remain uncertain. August debt issuance is confirmed; the related tender disclosures establish allocations and pricing, not actual settlement or cancellation. June cash and debt balances therefore remain dated measurements, not current post-transaction balances.
Sources: 10-Q · 2026-06-27 · EX-99.1 · 2026-08-03 · EX-99.1 · 2026-09-03 · EX-99.1 · 2026-08-13 · 8-K · 2026-08-24 · EX-99.2 · 2026-08-24
Tyson combines livestock processing with vertically integrated chicken production and branded prepared foods. Beef and Pork depend on the spread between livestock costs and meat selling prices; Chicken also depends on feed costs and production performance. Brands and value-added products provide another earnings source, but do not eliminate commodity exposure. Walmart accounted for 18.7% of fiscal-2025 sales, and customer agreements are generally short-term.
Beginning in fiscal 2026, International became a fifth reportable segment, and corporate expenses and amortization stopped being allocated to segments. This changes presentation, not the costs shareholders bear. Nine-month segment income of $1.903 billion reconciles to $1.099 billion consolidated operating income after $642 million of corporate expenses and $162 million of amortization. Current recast comparisons should not be linked directly to unrecast annual segment margins.
Sources: 10-K · 2025-09-27 · 10-Q · 2026-06-27 · 8-K · 2026-02-02 · 8-K · 2026-06-09
The August 3 filings report nine-month sales of $41.834 billion versus $40.581 billion, despite 1.8% lower volume. Higher price and mix helped, as did smaller legal deductions from revenue. GAAP operating income rose to $1.099 billion from $940 million, and income attributable to Tyson rose to $527 million from $427 million. However, gross profit fell, and the absence of the prior-year $343 million Beef goodwill impairment materially improved the comparison. Non-GAAP adjusted operating income declined 4% to $1.616 billion. Its current-period operating adjustments exclude $175 million of restructuring, $269 million of legal charges and $73 million of executive-transition charges.
Beef's nine-month reported loss was $701 million; its adjusted loss widened to $483 million from $223 million as cattle availability and processing margins deteriorated. Chicken provided $1.344 billion of reported segment income, benefiting from production performance and lower feed costs. Prepared Foods income fell to $982 million from $1.016 billion as higher inputs, freight and promotional costs and lost disposal gains offset execution improvements. Pork's reported recovery largely reflected lower legal accruals. The quarter alone was better on an adjusted basis: consolidated adjusted operating income rose to $547 million from $505 million, despite nearly flat reported sales.
On September 3, management cut fiscal-2026 adjusted operating income guidance to $1.85–$2.05 billion from August's $2.1–$2.3 billion, and sales-growth guidance to 1.5%–2.0% from 2.5%–3.5%. Beef, Chicken and Pork expectations fell; Prepared Foods and International guidance was maintained. Management cited cattle shortages, Beef margin compression, lower live-cattle inventory values and cautious foodservice spending. These remain forecasts on a comparable 52-week basis, although fiscal 2026 contains 53 weeks. A forecast GAAP reconciliation was unavailable because future adjustments were uncertain.
Sources: 10-Q · 2026-06-27 · EX-99.1 · 2026-08-03 · EX-99.1 · 2026-09-03
Nine-month operating cash flow fell to $1.469 billion from $1.620 billion. Legal payments, tax balances and inventory absorbed cash, partly offset by longer payment periods and better receivable movements. Supplier-finance obligations increased to $198 million from $52 million. Lower capital spending—$556 million versus $691 million—helped preserve company-defined free cash flow at $913 million. That measure is operating cash flow less capital spending, not profit or cash left after dividends, share purchases and debt-principal repayments. It already reflects interest cash flows included in operating activities, including finance-lease interest. Tyson also paid $529 million in dividends and $123 million for share purchases.
The $241 million estimated net restructuring charge covered only actions approved through June 27. August 13 announcements added planned Joslin and Eagle Mountain closures, pursuit of a Pasco sale and a second Amarillo shift conditional on cattle availability. Completion, additional costs and savings are not established. Management expects cost relief entering fiscal 2027, not guaranteed savings. Separately, July's completed Brazilian investment sale generated $84 million at closing, with $36 million due in July 2027; neither amount belongs in June cash.
Sources: 10-Q · 2026-06-27 · EX-99.1 · 2026-08-03 · 10-K · 2025-09-27 · 8-K · 2026-08-13 · EX-99.1 · 2026-08-13 · EX-99.1 · 2026-09-03
At June 27, cash was $740 million and debt carrying value was $8.006 billion, including $1.427 billion current debt. Reported liquidity of $3.990 billion included $3.250 billion of undrawn facilities—not cash. Of cash, $480 million was held abroad and generally not relied upon for domestic liquidity. Tyson reported covenant compliance, but actual coverage headroom was undisclosed. The replacement CoBank facility has a contract-defined 3.50-times minimum interest-coverage requirement; compliance does not establish unrestricted borrowing capacity.
Tyson completed $500 million of 4.950% notes due February 20, 2036 in February, helping fund the March maturity. On August 24 it completed another $1 billion: $500 million at 5.100% due August 24, 2031 and $500 million at 5.600% due January 24, 2037. August proceeds were intended for the tender, with any remainder for general purposes; exact net proceeds were not supplied.
August 24 tender pricing allocated $571.260 million of 3.550% 2027 notes, $389.974 million of 5.400% 2029 notes and $235.342 million of 4.350% 2029 notes. Prices per $1,000 principal were $994.87, $1,019.77 and $994.24, already including the $30 early premium. The allocations imply approximately $1.2 billion consideration before separate accrued interest. The financing condition was satisfied, but settlement was only expected August 26. Actual payment and cancellation remain unconfirmed: the tender cannot be described as completed, and announced allocations cannot be subtracted from June debt to invent current debt or net debt.
Sources: 10-Q · 2026-06-27 · 8-K · 2025-12-12 · 8-K · 2026-02-20 · 8-K · 2026-08-24 · EX-99.1 · 2026-08-10 · EX-99.1 · 2026-08-10 · EX-99.1 · 2026-08-24 · EX-99.2 · 2026-08-24
June Broiler, Pork and Beef legal reserves were $139 million, $83 million and $215 million; these are not maximum losses. Falling reserves partly reflect payments, not resolution of all claims. July's Oklahoma settlement still required judicial steps toward vacatur and dismissal. In Mexico, the purchaser assumed the tax assessment and defense and waived indemnification claims; Tyson paid its previously accrued $40 million. Its own Mexican assessment nevertheless remained disclosed at approximately $537 million as of June 27, 2026, including inflation adjustment, interest and penalties, with no related liability recorded. Contractual protection from the purchaser is distinct from discharge by the tax authority, and ultimate exposure remains uncertain. Disputed IRS adjustments could require up to approximately $127 million of additional federal tax, excluding interest and penalties.
Tyson announced Jeffrey Schomburger's CEO succession for October 4 and Wes Morris's COO appointment for June 15; the supplied announcement records do not independently confirm completion. Recognized transition charges of $73 million and another $29 million expected in the fourth quarter must not be added again to overlapping individual agreements, including the chairman's $40 million one-time incentive and Cole's conditional separation payment. Customer and family voting concentration, impairment-sensitive assets, animal disease, food safety and uncertain cattle-herd rebuilding remain important risks.
Sources: 10-Q · 2026-06-27 · 8-K · 2026-05-28 · 8-K · 2026-06-08 · 8-K/A · 2026-06-08 · 8-K · 2026-06-18 · 10-K · 2025-09-27
USD 54.441 bn
FY2025 · GAAP · consolidated · Attribution: consolidated · Reported currency
| Fiscal year | Value | YoY |
|---|---|---|
| 2025 | USD 54.441 bn | 2.1% |
| 2024 | USD 53.309 bn | 0.8% |
| 2023 | USD 52.881 bn | — |
Consolidated sales after intersegment eliminations and reported revenue reductions.
Sources: 10-K · 2025-09-27
USD 2.155 bn
FY2025 · GAAP · consolidated · Attribution: consolidated · Reported currency
| Fiscal year | Value | YoY |
|---|---|---|
| 2025 | USD 2.155 bn | -16.8% |
| 2024 | USD 2.59 bn | 47.8% |
| 2023 | USD 1.752 bn | — |
Net cash generated by consolidated operating activities.
Sources: 10-K · 2025-09-27
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