Tyson Foods sees FY26 revenue up 2%-4% compared to FY24

The company said, “As of the most recently published data for fiscal 2026, the United States Department of Agriculture indicates domestic protein production will increase approximately 1% compared to fiscal 2025 levels. The following is a summary of the updated outlook for each of our segments, as well as an outlook for revenue, capital expenditures, net interest expense, liquidity, free cash flow, tax rate and dividends for fiscal 2026. Certain of the outlook numbers include adjusted operating income for each segment. As our accounting cycle results in a 53-week year in fiscal 2026 as compared to a 52-week year in fiscal 2025, the fiscal 2026 outlook is based on a comparable 52-week year. Beef: USDA projects domestic production will decrease approximately 2% in fiscal 2026 as compared to fiscal 2025. We anticipate adjusted operating loss between $(600) million to $(400) million in fiscal 2026. Pork: USDA projects domestic production will increase approximately 3% in fiscal 2026 as compared to fiscal 2025. We anticipate adjusted operating income of $150 million to $250 million in fiscal 2026. Chicken: USDA projects chicken production will increase approximately 1% in fiscal 2026 as compared to fiscal 2025. We anticipate adjusted operating income of $1,250 million to $1,500 million for fiscal 2026. Prepared Foods: We anticipate adjusted operating income of $950 million to $1,050 million in fiscal 2026. International/Other We anticipate similar results from our foreign operations in fiscal 2026 on an adjusted basis. Total Company: We anticipate total company adjusted operating income of $2.1 billion to $2.3 billion for fiscal 2026. Revenue: We expect sales to be up 2% to 4% in fiscal 2026 as compared to fiscal 2025. Capital Expenditures: We expect capital expenditures between $700 million to $1.0 billion for fiscal 2026. Capital expenditures include investments in profit improvement projects as well as projects for maintenance and repair. Net Interest Expense: We expect net interest expense to approximate $390 million for fiscal 2026. Liquidity: We expect total liquidity, which was $3.7 billion as of September 27, 2025, to remain above our minimum liquidity target of $1.0 billion. Free Cash Flow: We expect free cash flow to be between $0.8 billion and $1.3 billion for fiscal 2026. Tax Rate: We currently expect our adjusted effective tax rate to approximate 25% for fiscal 2026.”