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Tyson Foods Q3'25 Earnings Highlights

$TSN (+1.19%)


๐Ÿ”น Revenue: $13.88B (Est. $13.54B) ๐ŸŸข; +4.0% YoY

๐Ÿ”น Adj. EPS: $0.91 (Est. $0.81) ๐ŸŸข; +5% YoY

๐Ÿ”น Adj. Operating Income: $505M; +3% YoY

๐Ÿ”น Gross Margin: 8.2% (vs. 6.6% YoY)

๐Ÿ”น Free Cash Flow (YTD): $929M; DOWN -$160M YoY

๐Ÿ”น Liquidity: $4.0B; Reduced total debt by $722M


Segment Performance (Q3)

Beef

๐Ÿ”น Revenue: $5.60B; Volume โ†“ -3.1%, Avg. Price โ†‘ +10.0%

๐Ÿ”น Adj. Operating Loss: -$151M; Margin -2.7%


Pork

๐Ÿ”น Revenue: $1.51B; Volume โ†‘ +1.5%, Avg. Price โ†“ -1.6%

๐Ÿ”น Adj. Operating Income: $36M; Margin +2.4%


Chicken

๐Ÿ”น Revenue: $4.22B; Volume โ†‘ +2.4%, Avg. Price โ†‘ +1.1%

๐Ÿ”น Adj. Operating Income: $345M; Margin +8.2%


Prepared Foods

๐Ÿ”น Revenue: $2.52B; Volume โ†“ -2.3%, Avg. Price โ†‘ +5.7%

๐Ÿ”น Adj. Operating Income: $246M; Margin +9.8%


International / Other

๐Ÿ”น Revenue: $557M; Volume โ†“ -0.8%, Avg. Price โ†“ -3.5%

๐Ÿ”น Adj. Operating Income: $29M


FY25 Guidance

๐Ÿ”น Adj. Operating Income: $2.1B to $2.3B

๐Ÿ”น Revenue: Expected growth of +2% to +3% YoY

๐Ÿ”น Capex: โ‰ค $1.0B

๐Ÿ”น Net Interest Expense: ~$375M

๐Ÿ”น Free Cash Flow: $1.0B to $1.3B

๐Ÿ”น Adjusted Effective Tax Rate: ~25%


CEO Commentary

๐Ÿ”ธ โ€œOur Q3 results demonstrate the strength of our multi-protein, multi-channel portfolioโ€ฆ Delivering our fifth consecutive quarter of YoY growth in sales, adj. operating income, and adj. EPS underscores the resilience of our model.โ€ โ€“ CEO Donnie King


Notable Items

๐Ÿ”ธ Recorded $343M goodwill impairment in Beef segment

๐Ÿ”ธ Operating cash flow YTD: $1.62B

๐Ÿ”ธ Beef margins remain under pressure; Chicken & Prepared Foods continue to lead profit generation

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