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Tyson Foods Reports Third Quarter 2025 Results
Tyson FoodsTyson Foods(US:TSN) GlobeNewswire News Room·2025-08-04 11:30

Core Insights - Tyson Foods, Inc. reported a sales increase of 4.0% in the third quarter of 2025, reaching $13,884 million compared to $13,353 million in the same period of 2024 [6][24] - The company achieved an adjusted operating income of $505 million, up 3% from $491 million in the prior year, while GAAP operating income decreased by 24% to $260 million [6][9] - Adjusted net income per share attributable to Tyson rose by 5% to $0.91, while GAAP EPS fell by 69% to $0.17 [6][9] Financial Performance - Total sales for the nine months ended June 28, 2025, were $40,581 million, a 2.1% increase from $39,744 million in the previous year [6][24] - GAAP operating income for the nine months was $940 million, up 6% from $884 million, while adjusted operating income increased by 28% to $1,679 million [6][9] - The company recorded a goodwill impairment charge of $343 million, impacting net income and effective tax rate significantly [6][25] Segment Performance - Beef segment sales for the third quarter were $5,603 million, a 3.1% decrease in volume but a 10.0% increase in average price [5][6] - Pork segment sales increased by 1.5% to $1,506 million, while chicken sales rose by 2.4% to $4,220 million [7][8] - Prepared foods segment reported sales of $2,515 million, down 2.3% in volume but up 5.7% in average price [7][8] Outlook - The USDA projects a 2% decrease in domestic beef production for fiscal 2025, while chicken production is expected to increase by approximately 2% [10][12][14] - Tyson anticipates total company adjusted operating income between $2.1 billion and $2.3 billion for fiscal 2025, with sales expected to grow by 2% to 3% [17][18] - Capital expenditures are projected to be at or below $1.0 billion, focusing on profit improvement and maintenance projects [19]