- Tyson Foods updated its FY26 adjusted operating profit outlook to a range of $2.1 billion to $2.3 billion, down from its prior guidance of $2.2 billion to $2.4 billion.
- The company expects its beef segment to post a wider adjusted operating loss of $500 million to $650 million in FY26, compared to the previously forecast loss of $350 million to $500 million.
- Beef segment volumes dropped 15.9% in Q3, with adjusted operating losses for the quarter widening to $138 million due to high cattle costs and low availability.
- Tyson's chicken and prepared foods businesses partially offset the beef downturn, prompting the company to raise its FY26 sales outlook for prepared foods to $1.30 billion–$1.35 billion.
Quotes
“We delivered strong third-quarter results, fuelled by continued strength in our chicken and prepared foods segments, with seven consecutive quarters of growth in chicken and continued market share gains by our iconic brands.”