Tyson Foods (TSN) Q4 2025 earnings summary

Executive summary

• Achieved year-over-year growth in sales, adjusted operating income, and adjusted EPS for Q4 and FY25, driven by chicken, pork, prepared foods, and international segments, with operational efficiencies and disciplined capital allocation supporting performance.

• Strong consumer demand for protein and innovation in product offerings contributed to market share gains, especially in value-added and branded products.

• GAAP results were negatively impacted by legal contingency accruals and a significant goodwill impairment charge.

Financial highlights

• Q4 FY25 sales grew 4.8% to $13.86B; full-year sales reached $54.4B, up 3.3%; adjusted operating income was $2.3B, up 26%; adjusted EPS was $4.12, up 33%.

• Q4 adjusted operating income was $608M, up 19% year-over-year; Q4 adjusted EPS was $1.15, up 25%.

• Free cash flow for FY25 was $1.18B, with $3.7B in liquidity and net leverage at 2.1x.

• GAAP operating income fell 22% to $1.1B and GAAP EPS dropped 41% to $1.33 due to non-recurring charges.

• Share repurchases totaled $196M for 3.5M shares; $893M returned to shareholders in FY25.

Outlook and guidance

• FY26 sales expected to rise 2–4% year-over-year; adjusted operating income guidance is $2.1B–$2.3B; free cash flow expected between $800M–$1.3B.

• Chicken segment projected to deliver $1.25B–$1.5B in adjusted operating income; Prepared Foods $950M–$1.05B; Pork $150M–$250M; Beef expected to post a loss of $400M–$600M.

• CapEx for FY26 forecasted at $700M–$1B; annual dividend rate for 2026 increased by 2%.