泰森食品Q1营收超预期，牛肉业务亏损收窄，股价近期承压

Core Viewpoint - Tyson Foods reported a total revenue of $14.313 billion for Q1 of fiscal year 2026, representing a year-over-year growth of 5.1%, exceeding market expectations [1][2] - Adjusted earnings per share were $0.97, higher than the analyst average estimate but down 15% year-over-year [1][2] Financial Performance - The company raised its full-year adjusted operating profit forecast for the chicken business to $1.65 billion to $1.9 billion, up from the previous estimate of $1.25 billion to $1.5 billion [2] - The beef business's loss forecast was narrowed to $250 million to $500 million, down from the previous estimate of $400 million to $600 million [2] - Chicken business sales reached $4.212 billion, a 3.6% increase, marking the fifth consecutive quarter of sales growth [2] - Beef business revenue was $5.771 billion, an 8.2% increase, but faced an adjusted operating loss of $319 million due to a shortage of beef supply in the U.S. [2] Stock Performance - Over the past 7 trading days (February 6 to 12, 2026), Tyson Foods' stock price fluctuated by 4.43% and declined by 2.47%, with a trading volume of approximately $638 million [3] - As of February 12, the stock closed at $63.59, down 1.17% for the day, with a year-to-date increase of 8.48%, underperforming the broader market [3] Recent Events - Tyson Foods will distribute a dividend of $0.51 per share on June 1, 2026, with the ex-dividend date also on June 1 and the payment date on June 15 [4] - The company announced the closure of its beef processing plant in Lexington, Nebraska, which accounted for about 4.8% of the U.S. beef processing capacity, to optimize its cost structure in response to industry challenges [4] Institutional Perspectives - In February 2026, Tyson Foods was covered by 16 institutions, with 38% recommending buy or hold, and 56% recommending hold, with a target average price of $68.09 [5] - Earnings per share for Q1 2026 are projected at $0.946, a year-over-year decline of 14.91%, with revenue expected to be $14.0 billion, a 5.06% increase [5] - Institutions noted that rising beef prices and strong chicken demand reflect persistent inflation in the U.S., but the shortage of beef supply remains a short-term constraint on profit recovery [5]