Guidance
← Отчётные звонки
01
02
03
04 05 06
Тон
Капзатраты
A1 A2 A3 A4 A5
TSN
FY2026 Q1
Улучшается
Отчётный звонок Tyson Foods, Inc.
Вывод Buzzberg
Beef segment outlook widened to a loss of $500-$250 million
Tyson Foods reported a strong Q1 with 6.2% sales growth to $14.3B, beating expectations on volume and branded performance. Management announced a significant segment reporting change to exclude corporate costs, aiming to drive segment accountability and volume growth. Beef remains a major drag with a wider expected loss for the year, while chicken, pork, and prepared foods show strength. Full-year sales and operating income guidance were maintained, but free cash flow guidance was raised due to working capital improvements. Adjusted EPS $0.97, sales $14.3B, and total company segment operating income $811M.
Вывод Buzzberg Beef segment outlook widened to a loss of $500-$250 million Tyson Foods reported a strong Q1 with 6.2% sales growth to $14.3B, beating expectations on volume and branded performance. Management announced a significant segment reporting change to exclude corporate costs, aiming to drive segment accountability and volume growth. Beef remains a major drag with a wider expected loss for the year, while chicken, pork, and prepared foods show strength. Full-year sales and operating income guidance were maintained, but free cash flow guidance was raised due to working capital improvements. Adjusted EPS $0.97, sales $14.3B, and total company segment operating income $811M. Читать полный анализСвернуть анализ
Tyson Foods reported a strong Q1 with 6.2% sales growth to $14.3B, beating expectations on volume and branded performance. Management announced a significant segment reporting change to exclude corporate costs, aiming to drive segment accountability and volume growth. Beef remains a major drag with a wider expected loss for the year, while chicken, pork, and prepared foods show strength. Full-year sales and operating income guidance were maintained, but free cash flow guidance was raised due to working capital improvements. Adjusted EPS $0.97, sales $14.3B, and total company segment operating income $811M.
- Chicken delivered $459M segment income (10.9% margin) with record volume, driven by branded fresh and frozen growth.
- Prepared Foods grew sales 8.1% and hit $338M segment income on pricing and mix.
- Beef segment operating income declined due to record-high cattle costs; plant closures in Lexington and Amarillo will roll out in Q2.
Выручка$14.313BФакт
EPS$0.97Факт
Валовая маржа5.73%Факт
Операционная маржа3.01%Факт
6 подтверждённых тезисов
Что важно сейчас
Самые значимые изменения по итогам звонка.
Volume
Chicken volume at all-time record in Q1
Margins
Prepared Foods multi-year profit plan on track
Показать ещё 3 тезиса
Market Share
Sales growth driven by share gains, outperforming industry
Supply
Cattle supplies expected tight through 2026 and 2027
Cash Flow
Free cash flow outlook improved to $1.1-$1.7 billion
Отчётный период
Фактические результаты
| Показатель | Факт | Изменение |
|---|---|---|
| Выручка | $14.313B | Факт |
| EPS | $0.97 | Факт |
| Валовая маржа | 5.73% | Факт |
| Операционная маржа | 3.01% | Факт |
| Свободный денежный поток | $0.69B | Факт |
| Капзатраты | $0.252B | Факт |
Прогнозные данные
Прогноз компании
| Показатель | Период | Диапазон | Середина | Статус |
|---|---|---|---|---|
| Капзатраты | FY2026 | $0.7B–$1B | $0.85B | Обозначен |
| Свободный денежный поток | FY2026 | $1.1B–$1.7B | $1.4B | Повышен |
| Операционная маржаBEEF | FY2026 | $-0.5B–$-0.25B | $-0.375B | Обозначен |
| Операционная маржаPORK | FY2026 | $0.25B–$0.3B | $0.275B | Обозначен |
| Операционная маржаCHICKEN | FY2026 | $1.65B–$1.9B | $1.775B | Обозначен |
| Операционная маржаPREPARED_FOODS | FY2026 | $1.25B–$1.35B | $1.3B | Обозначен |
| Операционная маржаINTERNATIONAL | FY2026 | $0.15B–$0.2B | $0.175B | Обозначен |
| Операционная маржа | FY2026 | $2.1B–$2.3B | $2.2B | Обозначен |
| Выручка | FY2026 | $14.36B–$14.64B | $14.5B | Обозначен |
AI, капзатраты и спрос
Оценка менеджмента
Confident
Management expressed strong confidence in strategy, execution, and growth, highlighting market share gains and a positive outlook for protein demand despite headwinds in beef.
Инвестиции и мощности
Management expects capital expenditures of $700 million to $1 billion in fiscal 2026, and noted a strong balance sheet and disciplined capital allocation. They also highlighted recent actions to right-size the beef processing footprint, closing a plant and scaling back operations, to improve capacity utilization.
все упомянутые компании ниже: 1
Компаниис момента звонка
Конкуренты
Конкуренты
Donnie King
Tyson frames its growth as unique among food companies, citing P&G as a non-food consumer staple performing similarly in volume and dollar share.
Доказательства
“The only other one was P&G, which is not in the food space.”
Внешние сигналы
Альфа цепочки поставок · 5с момента звонка
Upcoming U.S. Dietary Guidelines that advocate for increased animal protein consumption represent a historic policy shift that structurally boosts demand for Tyson's core products.
Доказательства
“These updated guidelines and recommendations represent a historic validation of our core mission, providing high-quality essential protein to millions.”
The beef herd remains historically small and is rebuilding slower than expected, forcing Tyson to close a plant and proactively right-size its footprint, indicating permanent structural changes in processing capacity.
Доказательства
“The USDA did release their annual report on Friday, and I think a few points to note in there. It is the smallest herd since 1951, but maybe more important to today's world. It's 9% lower than it was in 2019.”
Tyson's chicken volume hit an all-time record in Q1, driven by branded fresh (up 9%) and frozen (up 12.2%) products, showcasing a structural mix shift toward value-added branded chicken.
Доказательства
“Our volume in Q1 for poultry is an all-time record in terms of volume. But we saw it in places where we told you we wanted to see it. For example, our branded fresh business is up 9%, and our branded frozen is up 12.2%.”
Tyson's new segment reporting methodology reveals that corporate expenses and amortization are approximately $1 billion per year, starting at $20 million per week as a fixed cost before any production begins.
Доказательства
“Before we turn on the first machine at Tyson Foods every week, we're sitting with something on the order of a billion dollars of amortization and corporate expenses. ... we start every week with about $20 million of fixed costs before we s…”
The USDA forecasts 2026 chicken production growth of only 1%, which is considered necessary and manageable by Tyson given strong demand, indicating a balanced chicken industry outlook.
Доказательства
“USDA projects a 1% growth in production. We think it's very manageable. ... I think it will be necessary in order to to meet the chicken demand in 26 and beyond.”
Методология и полнота
Анализ основан только на заявлениях менеджмента. Показаны все подтверждённые упоминания компаний: 1. Фактические результаты и прогнозы разделены. Публичные доказательства ограничены восемью короткими атрибутированными цитатами. AI-анализ может быть неполным или ошибочным — проверяйте важные утверждения по первоисточнику.