Tyson Foods sees FY26 revenue up 2%-4% compared to FY25

The company said, ” 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 corporate expenses and amortization, revenue, capital expenditures, net interest expense, liquidity, free cash flow and tax rate for fiscal 2026. 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. Certain of the outlook numbers include adjusted operating income and segment operating income, as adjusted which are non-GAAP metrics…Beef: USDA projects domestic production will decrease approximately 2% in fiscal 2026 as compared to fiscal 2025. We anticipate segment operating loss, as adjusted, of $(500M) to $(250M) in fiscal 2026. Pork: USDA projects domestic production will increase approximately 2% in fiscal 2026 as compared to fiscal 2025. We anticipate segment operating income, as adjusted, of $250M to $300M in fiscal 2026. Chicken: USDA projects chicken production will increase approximately 1% in fiscal 2026 as compared to fiscal 2025. We anticipate segment operating income, as adjusted, of $1.65B to $1.9B in fiscal 2026. Prepared Foods: We anticipate segment operating income, as adjusted, of $1.25B to $1.35B in fiscal 2026. International: We anticipate segment operating income, as adjusted, of $150M to $200M in fiscal 2026. We anticipate corporate expenses and amortization, as adjusted, of $950M to $975M in fiscal 2026. We anticipate total company adjusted operating income of $2.1B to $2.3B for fiscal 2026. We expect sales to be up 2% to 4% in fiscal 2026 as compared to fiscal 2025. We expect capital expenditures of $0.7B to $1B in fiscal 2026. Capital expenditures include investments in profit improvement projects as well as projects for maintenance and repair. We expect net interest expense to approximate $370M in fiscal 2026. We expect total liquidity, which was $4.5B as of December 27, 2025, to remain above our minimum liquidity target of $1B. We expect free cash flow to be between $1.1B and $1.7B for fiscal 2026. We currently expect our adjusted effective tax rate to approximate 25% in fiscal 2026.”