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Tyson Foods, Inc.
S&P 500
$16.4B
Market Cap
40.7
P/E
0.76
PEG
2.2%
ROCE
2.8%
ROE
0.48
D/E
2.0%
OPM
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Currency-adjusted total returns for TSN including FX impact
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Ratio Health
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About

Tyson Foods, Inc., together with its subsidiaries, operates as a food company worldwide.

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Manager Shares Value % of Fund Period
Steve Cohen Point72 Asset Management 262.4K $16.8M 0.02% Mar 2026

SEC Form 13F data. 45-day lag from quarter end.

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Good quarter Investor Presentation One-Pager? Q2 2026
Revenue
$13.7B
+4.4% YoY
Adjusted Operating Income
$497M
-3% YoY
Adjusted Operating Margin
3.6%
-0.3pp YoY
Adjusted EPS
$0.87
-5% YoY
What Went Right
  • Chicken segment delivered $523M operating income (+27% YoY) with 12.2% margin, driven by mix & execution
  • Prepared Foods posted $352M segment income (+7% YoY) at 14% margin, gaining share in volume, dollars & units
  • Company raised full-year AOI guidance by $100M midpoint to $2.2-2.4B and free cash flow to $1.2-1.8B
What to Watch
  • Beef segment reported an adjusted loss of $202M, with full-year guidance of a $500-350M loss amid tight cattle supply
  • Pork segment margin fell to 2.6% from 4.6% a year ago; CFO cited higher hog costs and one-time operating expenses
  • Corporate expenses were $19M higher YoY, partly due to a $15M legal settlement gain in the prior year and $8M deferred comp loss
Management Guidance
  • Full-year sales growth of 2-4% YoY (on a 52-week comparable basis)
  • Adjusted operating income raised to $2.2-2.4B (from $2.1-2.3B previously)
  • Chicken segment guidance raised to $1.9-2.05B; Beef loss $500-350M; Prepared Foods $1.25-1.35B; Pork $250-300M; International $150-200M
Investor Lens
The thesis is stronger after this call. Strong execution in Chicken and Prepared Foods is driving margin expansion and share gains, while the genetics business provides a structural cost advantage that should compound over time. Beef remains a cyclical drag, but management's decisive footprint optimization and improved back-half outlook suggest losses are peaking. With free cash flow guidance raised to $1.2-1.8B and leverage at 2.2x, the balance sheet is in good shape to fund both growth and shareholder returns.
From investor presentation · AI-generated analysis · Not investment advice
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📈 STRONG Tyson beats on Chicken, raises FY26 view
Revenue
Revenue of $13.7B grew 4.4% YoY, driven by Pork (+26.9%), Chicken (+3.5%) and Prepared Foods (+4.8%). Beef sales were flat (+0.2%) as volume declines offset pricing gains.
Profitability
Adjusted operating income was $497M, down 3% YoY, mainly due to a $202M loss in Beef. Adjusted EPS fell 5% to $0.87. Net income (GAAP) was $0.73 per share vs. $0.02 a year ago.
Margins
Adjusted operating margin contracted 30bp to 3.6%. Chicken margin expanded to 12.2% (from 9.9%), Prepared Foods margin rose to 14.0% (from 13.7%), while Beef margin was -3.9% and Pork margin was 2.6%.
Balance Sheet
Operating cash flow for the first half was $829M; CapEx of $397M produced free cash flow of $432M. Liquidity stood at $3.7B and net leverage was 2.2x. Debt was reduced by nearly $1B over 12 months.
Key Risks
Management flagged continued tight cattle supply pressuring Beef margins, potential feed cost inflation in the second half, and higher commodity costs for Prepared Foods (up $50M in Q2). Some analysts also raised concerns about pork supply after winter disease outbreaks.
Outlook
Full-year adjusted operating income is now expected between $2.2B and $2.4B, with Chicken guidance raised $200M at the midpoint. Beef is forecast to lose $500-350M, with improvement in the back half as footprint actions take effect.
Generated by AI · Q2 2026 results · Not investment advice
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Financial Model
Projections are built from each company's audited annual financials (Income Statement, Balance Sheet, Cash Flow) over the last 5 fiscal years. Forward assumptions — revenue growth %, EBITDA margin, D&A (USD millions), interest expense, tax rate, and capex — are AI-generated using historical context and refreshed twice a year: after the December results season and after the September/Q4 results season.

DCF Valuation
Fair Value = Σ(FCFt / (1+WACC)t) + Terminal Value. Terminal Value uses the Gordon Growth Model: FCF5 × (1+g) / (WACC−g). Default WACC: 10% (US risk-free ~4.5%, equity risk premium ~5.5%). Default terminal growth: 3% (long-run US nominal GDP proxy).

CAGR Tracker
Expected 5-year CAGR = (DCF Fair Value / Current Price)1/5 − 1. Assumes fair value is reached in exactly 5 years — a mechanical estimate only.

Data Sources & Limitations
Financial statements sourced from public filings. Prices updated daily. Forward assumptions are AI-generated. All monetary values in USD millions. Non-US ADR companies may have currency conversion inaccuracies. Models are point-in-time and do not update intra-quarter or account for M&A, macro shocks, or extraordinary items.

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Investment Risk:
Investing in securities, including US equities and ETFs, involves inherent risks including the potential loss of principal. All investments are subject to market fluctuations, economic conditions, regulatory changes, and other factors that may affect their value. Past performance is not indicative of future results. This analysis is provided for informational and educational purposes only and should not be construed as investment advice under any circumstances.

No Investment Recommendation:
This analysis does not constitute, nor should it be interpreted as, an offer, solicitation, or recommendation to buy, sell, or hold any securities or financial products. Investors are strongly advised to conduct their own independent research and due diligence and to consult with a licensed financial advisor or an SEC-registered investment adviser before making any investment decisions, taking into account their individual financial situation, risk tolerance, and investment objectives.

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Conflict of Interest Disclosure:
The author and/or analyst may currently hold or have previously held positions in the securities discussed. Any such positions are not intended to influence the objectivity or independence of the analysis. This research is produced independently and is not sponsored, endorsed, or commissioned by any company or institution.

Information Sources:
The analysis is based on publicly available information including SEC filings (10-K, 10-Q), annual reports, management commentary, and publicly available financial data. Information is believed to be accurate as of the date of publication but may be subject to change without notice. Readers are encouraged to independently verify all information before acting upon it.

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