Analyst Consensus ?
ConsensusHold29 ratings
Bullish1551.7%
Neutral1344.8%
Bearish13.5%
Tyson Foods, Inc. · TSN · FY2025 Q3 · Calendar Q3 2025
Tyson raises outlook as chicken, pork and Prepared Foods strengthen
Tyson's latest results support a constructive operating case: demand for protein, product innovation and efficiency gains drove another growth quarter, and management raised full-year guidance. The case is not uniform, because beef supply constraints and input-cost pressure remain material offsets.
Reported Before market openNYSEConsumer Defensive
$18.94B market cap
100quality score
Earnings scorecard
Reported versus consensus
Reported EPS
$0.91
Consensus $0.80
EPS surprise
+13.5%
Reported versus consensus
Reported revenue
$13.88B
Consensus $13.54B
Revenue surprise
+2.5%
Reported versus consensus
Market reaction
prior-close to event-session close
Stock move
+2.4%
Event window
SPY move
+1.5%
Same window
Abnormal move
+0.9%
Stock minus SPY
Volume
2.3×
Versus trailing sessions
Subsequent drift
+5.1%
Up to 20 sessions
TSNSPY benchmark
Ask FN2 about TSN FY2025 Q3
Transcript, numbers and history already loaded
Why did TSN rise 2.4% after beating EPS estimates in FY2025 Q3?What changed in TSN's guidance and outlook in FY2025 Q3?Give me the bull and bear case for TSN after FY2025 Q3 earnings.
Free account. Your question opens in FN2 with this report's transcript and numbers attached.
Transcript intelligence
What changed
Compared with the prior quarter's maintained outlook, management raised full-year sales and adjusted operating income guidance. The quarter also marked a fifth consecutive year-over-year growth quarter, while beef became a clearer constraint and Prepared Foods delivered a record quarter.
Guidance delta
Management raised full-year sales guidance to 2–3% growth and adjusted operating income guidance to $2.1–$2.3 billion; beef profit expectations were narrowed because of tight cattle supply.
Key takeaways
- Management reported a fifth straight quarter of year-over-year growth in sales, adjusted operating income and EPS.
- Prepared Foods delivered its best quarter, while Chicken and Pork also supported results.
- Beef remains the main operating headwind because of tight cattle supply; management expects herd rebuilding to begin in 2026.
- Cash generation reduced net leverage to 2.1x and supported resumed share repurchases.
- The next test is whether innovation and operating efficiencies offset beef pressure and raw-material inflation.
Management priorities
- Expand value-added chicken and snack products, including Tyson Simple ingredient and Mega Dino nuggets and new Hillshire Farm handhelds.
- Complete approximately $100 million of additional Chicken investment in Q4.
- Continue operational-excellence and supply-chain initiatives across segments.
- Maintain capital returns through share repurchases and dividends.
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Miss
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Analyst 52W Price Targets
$53.43Current
$35Low
$62.9Average
$99High
Latest persisted target per named analyst; persisted current price from FN2's market snapshot as of Oct 10, 2026. Not an FN2 forecast.
Firm-level rating actions
FMP grade actions identify the grading firm, not a named analyst.
| Firm | Rating | Prior rating | Action | Date |
|---|---|---|---|---|
| Piper Sandler | Overweight | Overweight | Maintain | Oct 7, 2026 |
| JP Morgan | Overweight | Neutral | Upgrade | Sep 18, 2026 |
| BMO Capital | Outperform | Outperform | Maintain | Sep 4, 2026 |
| Barclays | Overweight | Overweight | Maintain | Sep 4, 2026 |
| Bernstein | Market Perform | Market Perform | Maintain | Jul 2, 2026 |
| B of A Securities | Neutral | Neutral | Maintain | Jul 2, 2026 |
| Stephens & Co. | Equal Weight | Equal Weight | Maintain | May 5, 2026 |
| Mizuho | Outperform | Buy | Maintain | Mar 26, 2026 |
| Citigroup | Neutral | Neutral | Maintain | Apr 15, 2025 |
| HSBC | Reduce | Reduce | Maintain | May 7, 2024 |
| Goldman Sachs | Neutral | Neutral | Maintain | Apr 17, 2024 |
| Credit Suisse | Neutral | Neutral | Maintain | Feb 7, 2023 |
| Argus Research | Hold | Buy | Downgrade | Sep 13, 2022 |
| Buckingham Research | Neutral | Neutral | Maintain | Feb 20, 2020 |
| Buckingham | Neutral | Neutral | Maintain | Feb 20, 2020 |
| Bank of America | Buy | Buy | Maintain | Nov 13, 2019 |
| Argus | Buy | Hold | Upgrade | May 14, 2019 |
| Vertical Research | Buy | Hold | Upgrade | Jan 10, 2019 |
| Vertical Group | Buy | Hold | Upgrade | Jan 10, 2019 |
| Morgan Stanley | Equal Weight | Equal Weight | Maintain | May 8, 2018 |
| Pivotal Research | Hold | Sell | Upgrade | Nov 13, 2017 |
| Jefferies | Buy | Buy | Maintain | Oct 30, 2017 |
| CLSA | Buy | Outperform | Maintain | Oct 10, 2016 |
| BB&T Capital | Hold | Buy | Downgrade | Mar 4, 2016 |
| RBC Capital | Sector Perform | Outperform | Downgrade | Jan 5, 2016 |
| Cleveland Research | Buy | Neutral | Upgrade | Feb 5, 2015 |
| KeyBanc | Buy | Buy | Maintain | Jul 29, 2014 |
| DA Davidson | Buy | Buy | Maintain | Jul 10, 2013 |
| Miller Tabak | Buy | Neutral | Upgrade | May 7, 2013 |
Named analyst price targets
Upside is calculated against the persisted current price $53.43. FMP does not supply a rating on these named-analyst rows.
| Firm | Analyst | 52W target | Price when posted | Upside | Date |
|---|---|---|---|---|---|
| Piper Sandler | Analyst unavailable | $56 | $51.97 | +4.8% | Oct 7, 2026 |
| Piper Sandler | Analyst unavailable | $66 | $51.74 | +23.5% | Sep 10, 2026 |
| Barclays | Analyst unavailable | $75 | $51.76 | +40.4% | Sep 4, 2026 |
| BMO Capital | Andrew Strelzik | $65 | $51.76 | +21.7% | Sep 4, 2026 |
| Bernstein | Alexia Howard | $66 | $58.12 | +23.5% | Aug 4, 2026 |
| Coker Palmer | Thomas Palmer | $65 | $57.48 | +21.7% | Jul 14, 2026 |
| Bernstein | Analyst unavailable | $63 | $58.43 | +17.9% | Jul 2, 2026 |
| Piper Sandler | Michael Lavery | $78 | $56.2 | +46.0% | Jun 18, 2026 |
| Piper Sandler | Analyst unavailable | $80 | $68.76 | +49.7% | May 4, 2026 |
| Bernstein | Analyst unavailable | $69 | $65.74 | +29.1% | Feb 3, 2026 |
| BMO Capital | Andrew Strelzik | $73 | $65.74 | +36.6% | Feb 3, 2026 |
| Barclays | Analyst unavailable | $78 | $65.74 | +46.0% | Feb 3, 2026 |
| BMO Capital | Analyst unavailable | $67 | $56.2 | +25.4% | Jan 8, 2026 |
| Piper Sandler | Michael Lavery | $61 | $59.56 | +14.2% | Dec 12, 2025 |
| Stephens | Pooran Sharma | $61 | $55.75 | +14.2% | May 6, 2025 |
| Coker Palmer | Thomas Palmer | $60 | $60.54 | +12.3% | Apr 15, 2025 |
| Piper Sandler | Michael Lavery | $58 | $61.69 | +8.6% | Nov 13, 2024 |
| BMO Capital | Andrew Strelzik | $62 | $61.69 | +16.0% | Nov 13, 2024 |
| Barclays | Benjamin Theuer | $76 | $62.66 | +42.2% | Nov 12, 2024 |
| Bank of America Securities | Peter Galbo | $62 | $59.85 | +16.0% | Oct 15, 2024 |
| Piper Sandler | Michael Lavery | $50 | $60.52 | -6.4% | Sep 25, 2024 |
| Barclays | Benjamin Theuer | $72 | $65.13 | +34.8% | Sep 5, 2024 |
| BMO Capital | Andrew Strelzik | $60 | $62.08 | +12.3% | Aug 6, 2024 |
| Coker Palmer | Thomas Palmer | $63 | $62.51 | +17.9% | Aug 5, 2024 |
| Piper Sandler | Michael Lavery | $57 | $58.33 | +6.7% | May 7, 2024 |
| BMO Capital | Andrew Strelzik | $58 | $58.28 | +8.6% | May 7, 2024 |
| Barclays | Benjamin Theuer | $69 | $58.12 | +29.1% | Apr 16, 2024 |
| Coker Palmer | Thomas Palmer | $62 | $57.6 | +16.0% | Apr 3, 2024 |
| Loop Capital Markets | Andrew Strelzik | $46 | $47.77 | -13.9% | Nov 14, 2023 |
| Stephens | Ben Bienvenu | $70 | $47.58 | +31.0% | Nov 14, 2023 |
| Barclays | Benjamin Theurer | $50 | $46.39 | -6.4% | Nov 10, 2023 |
| UBS | Kevin Caliendo | $37 | $52.66 | -30.8% | Jul 24, 2023 |
| Deutsche Bank | Steve Powers | $35 | $50.39 | -34.5% | May 19, 2023 |
| Bernstein | Alexia Howard | $48 | $48.95 | -10.2% | May 9, 2023 |
| J.P. Morgan | Analyst unavailable | $63 | $59.92 | +17.9% | Feb 7, 2023 |
| Credit Suisse | Analyst unavailable | $58 | $61.08 | +8.6% | Feb 7, 2023 |
| Goldman Sachs | Analyst unavailable | $66 | $61.08 | +23.5% | Feb 7, 2023 |
| Piper Sandler | Analyst unavailable | $65 | $65.75 | +21.7% | Feb 1, 2023 |
| Barclays | Analyst unavailable | $58 | $67.33 | +8.6% | Nov 28, 2022 |
| J.P. Morgan | Analyst unavailable | $70 | $64.34 | +31.0% | Nov 15, 2022 |
| BMO Capital | Analyst unavailable | $75 | $64.83 | +40.4% | Nov 15, 2022 |
| Piper Sandler | Michael Lavery | $79 | $79.92 | +47.9% | Aug 9, 2022 |
| Piper Sandler | Michael Lavery | $85 | $92.84 | +59.1% | May 10, 2022 |
| Piper Sandler | Michael Lavery | $81 | $90.1 | +51.6% | May 3, 2022 |
| BMO Capital | Kenneth Zaslow | $99 | $87.14 | +85.3% | Mar 18, 2022 |
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Start freeCompany context
Snapshot as of publicationTyson Foods, Inc. operates as a prominent global food producer, encompassing a broad range of activities across four core divisions: Beef, Pork, Chicken, and Prepared Foods. Within its Beef and Pork segments, the company manages the entire process from live cattle and hogs to their transformation into various meat products. This includes fabricating whole carcasses into primary and secondary cuts, providing case-ready options, and producing fully cooked meats. Its Chicken division is responsible for raising and processing poultry, delivering a spectrum of fresh, frozen, and value-added chicken items, and also supplying breeding stock. Additionally, Tyson markets specialty by-products such as animal hides. The Prepared Foods unit focuses on manufacturing and distributing a diverse portfolio of frozen and refrigerated convenience foods.…
Historical context
All TSN earningsConsumer Defensive peers this season
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| PEP PepsiCo, Inc. | FY2026 Q3 · Calendar Q4 2026 | +2.2% | +3.7% | PepsiCo: International Growth Offsets U.S. Soft-Drink and Margin Pressure |
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| CAG Conagra Brands, Inc. | FY2027 Q1 · Calendar Q3 2026 | +44.4% | -4.9% | Conagra maintains outlook while increasing brand investment and simplifying SKUs |
| COST Costco Wholesale Corporation | FY2026 Q4 · Calendar Q3 2026 | +3.2% | +2.9% | Costco’s growth broadens as warehouses and digital sales accelerate |
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Sources
- Earnings call transcript and parsed analysis · 2026-05-11T10:29:34.698584+00:00
- FN2 earnings calendar · 2026-07-26T00:37:12.209961+00:00
- Polygon adjusted daily market bars · 2026-10-10T07:30:42.688953+00:00
- Financial Modeling Prep analyst price-target consensus and quote snapshot · 2026-10-10T07:30:42.686143+00:00
Methodology
Reported and consensus figures come from FN2's earnings event records. Market reaction and volume are calculated from daily adjusted bars around the event; abnormal move subtracts the SPY move over the same window.
Analyst target low, average, and high values are derived at request time from each named analyst's latest persisted FMP target. The current-price marker comes from FN2's persisted market snapshot. They are sell-side estimates, not an FN2 valuation or recommendation.
Transcript intelligence is a structured synthesis of the current and prior earnings-call analyses. Missing values stay missing and are never estimated.
By FN2 Research · Updated · As of 2026-10-10. For educational purposes only; not investment advice.