Tyson Foods(TSN)

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Tyson Foods Names Microsoft Executive to Board of Directors
GlobeNewswire News Room· 2025-08-07 20:30
SPRINGDALE, Ark., Aug. 07, 2025 (GLOBE NEWSWIRE) -- Tyson Foods, Inc. (NYSE: TSN) today announced the appointment of Sarah Bond as a new independent director on its board, effective immediately. As President of Xbox, Bond leads the organization driving Xbox’s innovation and growth across hardware, software and services as part of Microsoft’s global $23 billion gaming business. Her portfolio also includes strategy, product and engineering, marketing, and commercial planning and operations. She joined Microso ...
Tyson Foods Announces Quarterly Dividend and Increase in Authorization Under Share Repurchase Program
Globenewswire· 2025-08-07 20:05
SPRINGDALE, Ark., Aug. 07, 2025 (GLOBE NEWSWIRE) -- Tyson Foods, Inc. (NYSE: TSN) announced today that its board of directors has declared a quarterly dividend of $0.50 per share on Class A common stock and $0.45 per share on Class B common stock, payable on December 15, 2025, to shareholders of record at the close of business on December 1, 2025. Additionally, effective as of today, the board of directors approved an increase of 43 million shares authorized for repurchase under the company’s share repurcha ...
Tyson Foods' Q3 Earnings Beat, Sales Rise on Growth in Most Segments
ZACKS· 2025-08-04 18:35
Core Insights - Tyson Foods, Inc. reported third-quarter fiscal 2025 results with both top and bottom lines increasing year over year, surpassing the Zacks Consensus Estimate [1][11] - The company's diversified multi-channel, multi-protein portfolio positions it well to meet robust consumer demand for protein, solidifying its status as a leading global food company [1] Financial Performance - Adjusted earnings were 91 cents per share, exceeding the Zacks Consensus Estimate of 72 cents, and up 4.6% from 87 cents in the year-ago quarter [2] - Total sales reached $13,884 million, a 4% increase year over year, surpassing the Zacks Consensus Estimate of $13,628 million [3] - Average price changes positively impacted the top line by 3.7%, while total volumes dipped by 0.1% year over year [3] - Gross profit for the quarter was $1.1 billion, up from $878 million in the prior year [3] - Adjusted operating income rose 2.9% to $505 million from $491 million in the year-ago period, with an adjusted operating margin of 3.6%, down 10 basis points year over year [4] Segment Performance - **Beef**: Sales increased to $5,603 million from $5,241 million, with volumes down 3.1% and average prices up 10% [5] - **Pork**: Sales rose to $1,506 million from $1,462 million, with volumes growing 1.5% but average prices falling 1.6% [5] - **Chicken**: Sales improved to $4,220 million from $4,076 million, with volumes up 2.4% and average prices up 1.1% [6] - **Prepared Foods**: Sales came in at $2,515 million, up from $2,432 million, with volumes dipping 2.3% and average prices rising 5.7% [6] - **International/Other**: Sales were $557 million compared to $582 million, with volumes down 0.8% and average sales prices declining 3.5% [7] Financial Position - The company ended the quarter with cash and cash equivalents of $1.5 billion, long-term debt of $8.2 billion, and total shareholders' equity of $18.5 billion [8] - Liquidity stood at $4 billion, with expectations to remain above the minimum target of $1 billion in fiscal 2025 [9] - Projected capital expenditure for fiscal 2025 is at or below $1.0 billion, focusing on profit-improvement and maintenance projects [9] - Free cash flow is expected to be in the range of $1-$1.3 billion for fiscal 2025 [9] Future Outlook - The USDA projects domestic protein production to remain relatively flat for fiscal 2025, with specific expectations for each segment [12][13][14] - Total company revenue growth is anticipated in the range of 2-3% for fiscal 2025 compared to fiscal 2024 [15] - Adjusted operating income is projected to be between $2.1 billion and $2.3 billion, with net interest expenses expected at $375 million and an adjusted effective tax rate near 25% for fiscal 2025 [15]
Tyson Foods(TSN) - 2025 Q3 - Earnings Call Transcript
2025-08-04 14:02
Financial Data and Key Metrics Changes - Total enterprise sales grew 4% to $13.9 billion, driven by beef, chicken, and prepared foods, reflecting healthy demand for protein [19] - Adjusted operating income increased by 2.9% to $500 million, supported by strong growth in chicken, prepared foods, and pork, which offset a decline in beef [19] - Adjusted earnings per share rose 4.6% to $0.91, marking the fifth consecutive quarter of year-over-year growth across sales, adjusted operating income, and adjusted earnings per share [20] Business Line Data and Key Metrics Changes - Prepared Foods segment saw sales up 3.4% year-over-year, with adjusted operating income increasing by 21% and margins improving by 150 basis points [20][13] - Chicken segment reported sales growth of 3.5% year-over-year, with adjusted operating income rising by 12% due to efficiencies and top-line growth [21][15] - Beef segment experienced a decline in adjusted operating income due to tighter cattle supply and higher cattle costs, despite an increase in sales driven by higher average prices [22][16] - Pork segment's adjusted operating income increased by 64%, reflecting operational efficiencies and network optimization [22][18] Market Data and Key Metrics Changes - Nielsen data indicated that Tyson Foods grew retail branded volumes across prepared foods and chicken, with overall volume growth of 1.5% and dollar sales growth of 2% [10] - Tyson's branded frozen chicken saw a 10% increase in volume sales, driven by brand relaunch and strong performance [11] - The snacking portfolio, particularly Hillshire brand snacks, experienced a 20% volume growth, contributing to increased market share [11] Company Strategy and Development Direction - The company is focused on driving efficiencies across all businesses while delivering growth through world-class service and innovation [7] - Tyson Foods is committed to a multi-year plan to enhance profitability, particularly in the Prepared Foods segment, which is expected to continue delivering strong results [13][26] - The company is strategically managing its beef business through data and digital tools to navigate the current cattle cycle and improve operational resilience [34][17] Management's Comments on Operating Environment and Future Outlook - Management noted that consumers remain cautious and selective in spending, but protein continues to be a priority for consumers [9] - The company anticipates that cattle availability will improve in the coming years as heifer retention begins [32] - Management raised overall guidance for 2025, expecting full-year sales to increase by 2% to 3% year-over-year and adjusted operating income to be between $2.1 billion and $2.3 billion [25] Other Important Information - The company has successfully reduced net leverage to 2.1 times, down nearly a full turn over the past year, and has restarted share repurchases [24][105] - Operating cash flow for the year to date was $1.6 billion, with capital expenditures at $691 million, resulting in free cash flow of $929 million [23] Q&A Session Summary Question: Insights on cattle supply and cost for the beef segment - Management indicated that cattle supplies are tightening, with heifer retention beginning, and expects herd rebuilding to start in 2026 [31][32] Question: Input cost pressure in Prepared Foods - Management acknowledged significant increases in raw material costs but noted successful offsetting through operational execution and innovation [35][36] Question: Beef impairment and market recovery - Management explained that the beef cycle has been challenging to forecast due to prolonged drought and noted a significant decrease in beef cow slaughter as a positive indicator [44][46] Question: Elasticity and competitive behavior in Prepared Foods - Management expressed confidence in managing cost pressures and noted that protein typically has lower elasticity compared to other food categories [52] Question: Chicken segment investments and performance - Management confirmed that the chicken business is running efficiently, with ongoing investments expected to yield positive returns [55][57] Question: Capital allocation and leverage outlook - Management reiterated a disciplined approach to capital allocation, focusing on maintaining financial strength and returning cash to shareholders [105]
Tyson Foods(TSN) - 2025 Q3 - Earnings Call Transcript
2025-08-04 14:00
Financial Data and Key Metrics Changes - Total enterprise sales grew 4% to $13.9 billion, driven by beef, chicken, and prepared foods, reflecting healthy demand for protein [18][19] - Adjusted operating income increased by 2.9% to $500 million, supported by strong growth in chicken, prepared foods, and pork, which offset the decline in beef [19][21] - Adjusted earnings per share rose 4.6% to $0.91, marking the fifth consecutive quarter of year-over-year growth across sales, adjusted operating income, and adjusted earnings per share [19][21] Business Line Data and Key Metrics Changes - Prepared Foods segment saw sales up 3.4% year-over-year, with adjusted operating income increasing by 21% and margins improving by 150 basis points [19][12] - Chicken segment reported sales growth of 3.5% year-over-year, with adjusted operating income rising by 12% due to efficiencies and top-line growth [20][15] - Beef segment's sales increased primarily due to higher average prices per pound, but adjusted operating income declined due to compressed spreads from higher cattle costs [21][15] - Pork segment achieved a 64% increase in adjusted operating income, reflecting operational efficiencies and network optimization [21][17] Market Data and Key Metrics Changes - Nielsen data indicated that retail branded volumes grew across prepared foods and chicken, with Tyson branded frozen chicken volume increasing by 10% [6][10] - The overall food and beverage retail volume remained steady, but protein categories, including beef, pork, and chicken, showed strong consumer preference [9][10] Company Strategy and Development Direction - The company is focused on driving efficiencies, reducing costs, and innovating new products to capitalize on market opportunities [7][8] - A multi-year plan to enhance profitability in Prepared Foods is yielding results, with a strong emphasis on innovation and distribution [12][13] - The company is committed to maintaining financial strength, investing in the business, and returning cash to shareholders, with a disciplined approach to capital allocation [22][23] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in navigating the challenging beef market due to tightening cattle supplies and anticipated herd rebuilding starting in 2026 [30][31] - The company raised its overall guidance for the year, expecting full-year sales to increase by 2% to 3% year-over-year and adjusted operating income to be between $2.1 billion and $2.3 billion [24][25] - Management highlighted the importance of protein demand and consumer behavior favoring high-protein options, positioning the company well for future growth [100][92] Other Important Information - The company restarted its share repurchase program, returning $200 million to shareholders through dividends and repurchases in the quarter [23][22] - The company ended the quarter with $4 billion in liquidity and reduced net leverage to 2.1 times, down nearly a full turn over the past year [22][23] Q&A Session Summary Question: Insights on cattle supply and cost for the beef segment - Management noted tightening cattle supplies and indicated that heifer retention has begun, with expectations for herd rebuilding to start in 2026 [30][31] Question: Input cost pressure in Prepared Foods - Management acknowledged significant raw material cost increases but emphasized strong operational execution and innovation driving profitability [35][36] Question: Beef impairment and market recovery - Management explained that the beef cycle has been challenging to forecast due to prolonged drought and noted a significant reduction in beef cow slaughter as a positive indicator [44][46] Question: Elasticity and competitive behavior in Prepared Foods - Management expressed confidence in managing cost pressures and noted that protein typically has lower elasticity compared to other food categories [51][52] Question: Chicken segment investments and performance - Management confirmed that investments in the chicken business are yielding positive results, with operational efficiencies and innovation driving growth [54][56] Question: Capital allocation and leverage outlook - Management reiterated a disciplined approach to capital allocation, focusing on maintaining financial strength and returning cash to shareholders [105][106] Question: International margins and future expectations - Management highlighted operational excellence and cost management as key drivers of strong international margins, with positive expectations for the future [108][109]
Tyson Foods(TSN) - 2025 Q3 - Earnings Call Presentation
2025-08-04 13:00
Financial Performance - The company achieved a 4% increase in sales, reaching $13.884 billion, compared to the prior year[12] - Adjusted Operating Income (AOI) increased by 3% year-over-year to $505 million[12] - Adjusted EPS increased by 5% year-over-year to $0.91 per share[12] - The company's year-to-date (YTD) free cash flow reached $929 million[31] Segment Highlights - Prepared Foods saw a sales increase of 3.4% to $2.515 billion and an AOI increase of $43 million[14] - Chicken segment sales increased by 3.5% to $4.220 billion and AOI increased by $38 million[19] - Pork segment sales increased by 3% to $1.506 billion and AOI increased by $14 million[27] - Beef segment sales increased by 6.9% to $5.603 billion, but experienced an AOI loss of $151 million, a decrease of $82 million[23] Financial Position - The company's leverage ratio improved year-over-year and quarter-over-quarter, reaching 2.1x[33] - Capital expenditures for the quarter totaled $227 million[34] FY25 Guidance - The company projects sales growth of 2%-3% for fiscal year 2025[37] - Total AOI is projected to be between $2.1 billion and $2.3 billion[37]
Tyson Foods(TSN) - 2025 Q3 - Quarterly Report
2025-08-04 11:37
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☒ Quarterly Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 For the quarterly period ended June 28, 2025 or ☐ Transition Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 For the transition period from to 001-14704 (Commission File Number) TYSON FOODS, INC. (Exact name of registrant as specified in its charter) ______________________________________________ Delaware 71- ...
Tyson Foods(TSN) - 2025 Q3 - Quarterly Results
2025-08-04 11:33
• Sales of $40,581 million, up 2.1% from prior year; legal contingency accruals reduced sales in fiscal 2025 by $343 million, or 0.8% • GAAP operating income of $940 million, up 6% from prior year • Adjusted operating income of $1,679 million, up 28% from prior year • GAAP EPS of $1.20, down 4% from prior year • Adjusted EPS of $2.97, up 36% from prior year • Total Company GAAP operating margin of 2.3% • Total Company adjusted operating margin (non-GAAP) of 4.1% • Cash provided by operating activities of $1 ...
Tyson Foods Reports Third Quarter 2025 Results
GlobeNewswire News Room· 2025-08-04 11:30
SPRINGDALE, Ark., Aug. 04, 2025 (GLOBE NEWSWIRE) -- 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 millions, except per share data)Third Quarter Nine Months Ended 2025 2024 2025 2024 Sales$13,884 $13,353 $40,581 $39,744 Operating Income$260 $341 $940 $884 Adjusted1 Operating Income (non- ...
美国国会议员青睐的三只美股:收息+低估值
美股研究社· 2025-07-28 12:40
Core Viewpoint - The article discusses the investment opportunities and risks associated with stocks held by U.S. Congress members, highlighting two ETFs that track Republican and Democratic members' stock holdings, respectively [5][6][36]. Group 1: ETFs Tracking Congressional Holdings - The Unusual Whales Subversive Republican Trading ETF (NYSE:GOP) has a management fee of 0.75% and its largest sector allocations are Technology (24.15%), Financials (16.32%), Industrials (13.96%), Energy (11.77%), and Healthcare (7.40%) [5]. - The Unusual Whales Subversive Democratic Trading ETF (NYSE:NANC) has a management fee of 0.74% and its largest sector allocations are Technology (39.46%), Communication Services (13.22%), Healthcare (11.18%), Consumer Discretionary (9.90%), Consumer Staples (8.79%), and Financials (8.55%) [6]. Group 2: Notable Stock Holdings - Major holdings in the Republican ETF include JPMorgan Chase (4.49%) and in the Democratic ETF include Nvidia (10.62%) and Microsoft (8.09%) [7][8]. - Stocks in these ETFs exhibit two characteristics: they are undervalued compared to fair value and they pay dividends [10]. Group 3: Tyson Foods - Tyson Foods, established in 1935, is the second-largest chicken and pork processor globally, with a dividend of $0.50 per share scheduled for September 12, yielding 3.67% [12][14]. - The company is expected to report a 20.6% growth in earnings per share (EPS) for the first nine months [16]. Group 4: Allstate - Allstate, an insurance company founded in 1931, will pay a dividend of $1 per share on October 1, with a yield of 2.03% [19][21]. - The company anticipates a 22.40% growth in EPS for the upcoming quarter [23]. Group 5: Fidelity National Information Services - Fidelity National Information Services, focused on fintech solutions, pays a quarterly dividend of $0.40 per share, yielding 1.96% [28][30]. - The company is optimistic about its financial outlook and is planning a $12 billion acquisition to enhance its focus and profitability [34].