Solel Partners LP initiated a new position in Cal-Maine Foods (NASDAQ:CALM), acquiring 181,700 shares in the fourth quarter for an estimated $14.46 million, according to a February 17, 2026, SEC filing. What happened Solel Partners LP disclosed a new stake of 181,700 shares in Cal-Maine Foods during the fourth quarter, as detailed in its SEC filing dated February 17, 2026. This addition contributed a $14.46 million increase in quarter-end position value. What else to know This is a new position for So ...

Core Viewpoint - ARKO Corp. will host a conference call on February 25, 2026, to discuss its financial results for Q4 and the full year ended December 31, 2025 [1][2]. Group 1: Conference Call Details - The conference call is scheduled for February 25, 2026, at 5:00 p.m. Eastern Time [1][2]. - A press release with financial results will be provided prior to the call [2]. - Participants are encouraged to register at least 15 minutes before the start time [3]. Group 2: Company Overview - ARKO Corp. is a Fortune 500 company and one of the largest operators of convenience stores and fuel wholesalers in the U.S. [4]. - The company operates in four reportable segments: retail, wholesale, fleet fueling, and GPM Petroleum [4]. - The retail segment includes convenience stores selling merchandise and fuel products to customers [4].

Core Viewpoint - ARKO Corp. and its subsidiary ARKO Petroleum Corp. have announced the pricing of APC's initial public offering (IPO) at $18.00 per share, with trading expected to commence on February 12, 2026 [1] Company Overview - ARKO Corp. is a Fortune 500 company and one of the largest operators of convenience stores and fuel wholesalers in the United States, operating in four segments: retail, wholesale, fleet fueling, and GPM Petroleum [6] - ARKO Petroleum Corp. is a growth-oriented fuel distribution company and one of the largest wholesale fuel distributors by gallons in North America, serving customers in over 30 states [7] IPO Details - The IPO consists of 11,111,111 shares of Class A common stock, with an option for underwriters to purchase an additional 1,666,666 shares [1] - Upon completion of the IPO, ARKO is expected to own 35,000,000 shares of APC's Class B common stock, representing 75.9% of economic interests and 94.0% of combined voting power [2] - The IPO is being managed by UBS Investment Bank, Raymond James, and Stifel as lead book-running managers, with Mizuho and Capital One Securities as joint book-running managers [3] Regulatory Information - A registration statement on Form S-1 was declared effective by the U.S. Securities and Exchange Commission on February 11, 2026 [4]

Company Overview - Tyson Foods, Inc. is valued at a market cap of $23.1 billion and is one of the world's largest producers of animal protein, operating in chicken, beef, pork, and prepared foods segments [1] Market Performance - Over the past 52 weeks, Tyson Foods shares have increased by 12.2%, underperforming the S&P 500 Index, which rose by 15.4%. However, year-to-date, the stock is up 10.5%, outperforming the S&P 500's 1.1% increase [2] - Tyson Foods has also outperformed the First Trust Nasdaq Food & Beverage ETF, which rose by 2.1% over the past 52 weeks and 8.9% year-to-date [3] Financial Performance - In the fiscal 2026 first-quarter earnings report, Tyson Foods reported sales of $14.31 billion, a 5.1% increase year-over-year, but gross profit declined to $808 million. The adjusted EPS was $0.97, exceeding expectations, and cash flow from operating activities was strong at $942 million [5] - For the current fiscal year ending in September, analysts expect Tyson Foods' EPS to grow by 4.1% year-over-year to $3.95. The company's earnings surprise history is mixed, with three out of the last four quarters exceeding consensus estimates [6] Analyst Ratings - The consensus rating for Tyson Foods is a "Moderate Buy," based on three "Strong Buy" and seven "Hold" ratings among 10 analysts [6] - The consensus rating has improved from an overall "Hold" rating a month ago. Andrew Strelzik of BMO Capital Markets reaffirmed an "Outperform" rating and raised the price target from $67 to $73, indicating confidence in the company's growth prospects [7]

Core Insights - The U.S. Department of Health and Human Services has released updated dietary guidelines that promote whole foods and protein while discouraging added sugars and highly processed foods, which is beneficial for Tyson Foods [1] Group 1: Dietary Guidelines Impact - The new guidelines recommend a protein intake of 1.2 to 1.6 grams per kilogram of body weight, significantly higher than the previous recommendation of 0.8 grams, which is expected to drive demand for protein-rich foods [1] - By 2030, poultry is projected to account for approximately 50% of per-capita meat consumption in the U.S., a trend likely to be accelerated by the new dietary guidelines [3] - The National School Lunch Program, which serves nearly 30 million children daily, is required to adhere to these guidelines, indicating a long-term positive outlook for Tyson Foods [3] Group 2: Tyson Foods' Business Segments - Tyson generates most of its revenue from beef, pork, and chicken, with chicken volumes increasing by 3.7% year-over-year in Q1 2026, while beef volumes declined by 7.3% [2] - The company is proactively aligning its prepared foods segment with the new guidelines by reducing highly processed ingredients, which is expected to resonate with health-conscious consumers [4] - Tyson has already removed petroleum-based synthetic dyes and plans to eliminate high fructose corn syrup and other artificial ingredients from its products by the end of 2025, reflecting a commitment to cleaner labels [5] Group 3: Market Position and Trends - Despite recent stock surges, Tyson's stock remains approximately 34% below its all-time high, indicating potential for recovery as demand for chicken is expected to rise due to changing consumer behaviors [6] - The challenges in the beef business are counterbalanced by the growing demand for chicken and the potential benefits for Tyson's prepared foods segment as consumers become more attentive to nutrition labels [6]

Core Viewpoint - Tyson Foods Inc. is a significant player in the food industry, particularly in meat products, and has recently received an "Overweight" rating from Barclays with a raised price target [1] Financial Performance - In Q1 2026, Tyson Foods reported total sales of $14.3 billion, reflecting a 6.2% increase from the previous year [2][5] - The company's segment operating income decreased by 12% to $811 million, with the Chicken segment generating $459 million in operating income [2][5] - The Prepared Foods segment saw an 8.1% increase in sales, with operating income rising to $338 million [2] Shareholder Value and Balance Sheet - Tyson Foods maintains a strong balance sheet, with net leverage reduced to 2.0x [3][5] - The company returned $22 million to shareholders, indicating a commitment to shareholder value [3] Earnings and Revenue Estimates - Tyson Foods reported quarterly earnings of $0.97 per share, missing the Zacks Consensus Estimate of $1.01 per share by 3.96% [3] - Despite the earnings miss, the company exceeded revenue estimates, reporting $14.31 billion for the quarter ending December 2025, surpassing the Zacks Consensus Estimate by 1.36% [4]

Core Insights - Tyson Foods, Inc. (TSN) reported solid first-quarter fiscal 2026 results with top-line growth but a decline in bottom-line performance [1][10] Financial Performance - Adjusted earnings per share were 97 cents, missing the Zacks Consensus Estimate of $1.01, and down 15% from $1.14 in the prior year [2][10] - Total sales reached $14,313 million, a 5.1% increase year over year, surpassing the Zacks Consensus Estimate of $14,122 million [3][10] - Excluding a $150 million increase in legal contingency accruals, sales rose 6.2%, with average price changes contributing positively by 6.5%, while total volumes dipped 0.3% [3][10] - Gross profit was $808 million, down from $1,095 million in the year-ago period, and adjusted operating income decreased 13% to $572 million, with an adjusted operating margin of 4%, down 80 basis points year over year [4][10] Segment Performance - **Beef**: Sales increased to $5,771 million from $5,335 million, with volumes falling 7.3% and average prices rising 17.2% [5] - **Pork**: Sales declined slightly to $1,609 million from $1,617 million, with volumes growing 1.6% and average prices also increasing by 1.6% [5] - **Chicken**: Sales improved to $4,212 million from $4,065 million, with volumes up 3.7% but average prices down 0.1% [6] - **Prepared Foods**: Sales rose to $2,673 million from $2,473 million, with volumes growing 0.2% and average prices increasing by 7.9% [6] - **International/Other**: Sales were $582 million compared to $584 million, with volumes down 0.8% and average prices up 0.5% [7] Financial Position - The company ended the quarter with cash and cash equivalents of $1,278 million, long-term debt of $7,453 million, and total shareholders' equity of $18,163 million [8] - Cash provided by operating activities was $942 million, with liquidity at $4.5 billion, expected to remain above $1 billion in fiscal 2026 [8] Future Projections - Capital expenditures are projected between $700 million to $1 billion for fiscal 2026, focusing on profit-improvement and maintenance projects [9] - Adjusted free cash flow for the first quarter was $690 million, with expectations for fiscal 2026 ranging from $1.1 billion to $1.7 billion [9] - The USDA anticipates a 1% increase in domestic protein production for fiscal 2026, with specific projections for each segment, including a potential adjusted operating loss of $250-$500 million for Beef and adjusted operating income of $1,650-$1,900 million for Chicken [11][12][13]

Core Insights - Tyson Foods reported revenue of $14.31 billion for the quarter ended December 2025, marking a year-over-year increase of 5.1% and exceeding the Zacks Consensus Estimate of $14.12 billion by 1.36% [1] - The company's EPS for the same period was $0.97, down from $1.14 a year ago, resulting in an EPS surprise of -3.96% compared to the consensus estimate of $1.01 [1] Financial Performance Metrics - Tyson's stock has returned +12.6% over the past month, outperforming the Zacks S&P 500 composite's +0.7% change, and currently holds a Zacks Rank 3 (Hold) [3] - Year-over-year volume changes showed a decline of 0.3% overall, with specific categories such as Chicken increasing by 3.7% and Beef decreasing by 7.3% [4] - Sales figures for Chicken reached $4.21 billion, surpassing the $4.11 billion estimate, while Beef sales were $5.77 billion, exceeding the $5.64 billion estimate, reflecting increases of +3.6% and +8.2% year-over-year respectively [4] - Prepared Foods sales were reported at $2.67 billion, above the $2.59 billion estimate, indicating an +8.1% year-over-year change [4] - Pork sales were $1.61 billion, slightly below the $1.65 billion estimate, showing a -0.5% year-over-year change [4] - Adjusted Operating Income for Beef was reported at -$143 million, worse than the average estimate of -$94.14 million [4]

Financial Data and Key Metrics Changes - Total company sales grew 6.2% to $14.3 billion compared to the prior year, led by Beef with contributions from Prepared Foods, Chicken, and Pork [29][30] - First quarter segment operating income was $811 million, down 12% compared to the prior year, primarily due to the decline in the beef segment [30] - Adjusted earnings per share for the quarter were $0.97, down 15% compared to last year, influenced by a higher tax rate [31] Business Line Data and Key Metrics Changes - Prepared Foods segment sales increased by 8.1% year-over-year, with segment operating income reaching $338 million, up $16 million from the prior year [21][10] - Chicken segment operating income was $459 million, with a margin of 10.9%, driven by efficient marketing and promotional expenses [11][25] - Beef segment sales increased, but segment operating income declined due to higher cattle costs, reflecting ongoing challenges in the market [26] - Pork segment operating income margin increased by 220 basis points to 6.7%, supported by network optimization and operational efficiencies [27] Market Data and Key Metrics Changes - Retail branded products grew by 2.5% in volume and 3.6% in dollars, outperforming the broader food and beverage retail category [18] - The chicken segment saw a 3.6% year-over-year sales growth driven entirely by volume and strong consumer demand [24] - The international segment continued its momentum, contributing positively to overall performance [14] Company Strategy and Development Direction - The company is focused on becoming a diversified, protein-centric entity to capture growing demand for high-quality protein [8] - Strategic decisions include closing the Lexington, Nebraska facility and scaling back operations at the Amarillo, Texas plant to improve efficiency and align with long-term market outlook [12] - The company emphasizes operational excellence, brand investments, and innovation to capture market share [8][19] Management's Comments on Operating Environment and Future Outlook - Management expects tight cattle supplies to persist through 2026 and 2027, with chicken likely benefiting from changing consumer preferences [13] - The updated U.S. dietary guidelines validate the company's mission to provide high-quality protein, aligning public health priorities with consumer demand [14][16] - Management expresses confidence in the company's ability to navigate a dynamic market landscape and achieve growth [38] Other Important Information - The company has reduced gross debt by $1.4 billion over the last 12 months, improving its balance sheet and financial strength [33] - Free cash flow for the first quarter was approximately $700 million, significantly ahead of dividends for the quarter [33] Q&A Session Questions and Answers Question: Rationale behind the change in segment reporting - Management explained that the change to segment operating income was intentional to provide better visibility into business performance and to empower leaders to pursue volume growth without the burden of corporate overhead [42][43][46] Question: Prepared Foods pricing and input cost inflation - Management indicated that the 8% sales increase in Prepared Foods was due to a combination of channel mix and formula-based pass-through pricing, with pricing catching up to raw material costs [52][53] Question: Trends in the beef segment and capacity closures - Management acknowledged the dynamic situation in the beef segment, highlighting higher cattle costs and the impact of recent capacity closures on future profitability [63][64][66] Question: Updated views on the chicken industry - Management expressed confidence in the chicken market, expecting manageable production growth and strong demand, with Tyson well-positioned to capitalize on these trends [72][75]

Tyson Foods (NYSE:TSN) Q1 2026 Earnings call February 02, 2026 09:00 AM ET Company ParticipantsCurt Calaway - CFODevin Cole - COODonnie King - CEOJon Kathol - VP of Investor RelationsKristina Lambert - Chief Growth OfficerPeter Galbo - Director in Equity ResearchPooran Sharma - Managing Director of Equity ResearchConference Call ParticipantsAlexia Howard - Senior AnalystAndrew Strelzik - Senior AnalystBen Theurer - Mananging Director and Equity Research AnalystLeah Jordan - Equity Research AnalystMichael La ...