泰森食品2026财年Q1业绩超预期，牛肉业务调整应对行业挑战

Core Insights - Tyson Foods reported better-than-expected performance for Q1 of FY2026, with total revenue reaching $14.313 billion, a 5.1% year-over-year increase, surpassing Wall Street expectations [2] Financial Performance - The beef segment revenue increased by 8.2% to $5.771 billion, with average prices rising by 17% year-over-year [2] - Chicken segment revenue grew by 3.6% to $4.212 billion [2] - Adjusted earnings per share were $0.97, exceeding analyst expectations [2] - The company narrowed its projected operating loss for the beef segment from a range of $400 million to $600 million to $250 million to $500 million [2] Business Developments - Tyson Foods announced the closure of a major beef plant in Lexington, Nebraska, which processes about 4.8% of the U.S. beef supply, and scaled back production at a Texas beef processing facility [3] - These adjustments aim to address ongoing losses in the beef segment, which reported a loss of $426 million in FY2025, and to tackle the issue of beef supply shortages, with cattle herd sizes at a 75-year low [3] - The company indicated that these changes may alleviate cost pressures by reducing competition on the supply side [3] Industry Environment - Tyson Foods' performance reflects the persistent nature of food inflation in the U.S., particularly in beef prices and strong chicken demand, which may impact future cost structures and pricing strategies [4] - The USDA indicates that the beef supply shortage is unlikely to be resolved in the short term, potentially continuing to constrain profit recovery in the beef segment [4]