Analyst Consensus ?
ConsensusHold29 ratings
Bullish1551.7%
Neutral1344.8%
Bearish13.5%
Tyson Foods, Inc. · TSN · FY2026 Q1 · Calendar Q1 2026
Tyson Q1: Chicken Strength Offsets Beef Pressure
The current quarter supports a mixed operating picture: resilient protein demand and strong chicken execution are constructive, but beef supply constraints and margin pressure remain material offsets. The evidence supports a cautiously constructive view of operating momentum, not a broad-based improvement across segments.
Reported Before market openNYSEConsumer Defensive
$17.89B market cap
100quality score
Earnings scorecard
Reported versus consensus
Reported EPS
$0.97
Consensus $1.01
EPS surprise
-4.0%
Reported versus consensus
Reported revenue
$14.31B
Consensus $14.00B
Revenue surprise
+2.2%
Reported versus consensus
Market reaction
prior-close to event-session close
Stock move
+0.6%
Event window
SPY move
+0.5%
Same window
Abnormal move
+0.1%
Stock minus SPY
Volume
1.4×
Versus trailing sessions
Subsequent drift
-4.2%
Up to 20 sessions
TSNSPY benchmark
Ask FN2 about TSN FY2026 Q1
Transcript, numbers and history already loaded
Why did TSN rise 0.6% after missing EPS estimates in FY2026 Q1?What changed in TSN's guidance and outlook in FY2026 Q1?Give me the bull and bear case for TSN after FY2026 Q1 earnings.
Free account. Your question opens in FN2 with this report's transcript and numbers attached.
Transcript intelligence
What changed
Chicken performance strengthened, with record volume growth and maintained pricing. Prepared Foods and Pork improved, while beef pressure intensified around tight cattle supplies, higher costs, and plant right-sizing. Free cash flow improved, and the company introduced a new segment operating-income metric.
Guidance delta
Maintained: full-year sales growth guidance of 2%-4% and adjusted operating income guidance of $2.1-$2.3 billion.
Key takeaways
- Q1 sales rose to $14.3 billion, while segment operating income fell 12% as beef posted a loss.
- Chicken delivered record volume growth and maintained pricing, while Prepared Foods and Pork improved volumes and margins.
- Beef remains the central constraint because of tight cattle supplies, higher costs, and facility transitions.
- Free cash flow improved to $700 million, and management highlighted a strong balance sheet and $4.5 billion of liquidity.
Management priorities
- Build branded portfolio share through innovation, reformulation, and continued investment.
- Expand distribution with strategic retail and food-service customers.
- Right-size the beef footprint to improve utilization.
- Maintain disciplined capital allocation, including annual CapEx of $700 million-$1 billion.
- Use ROIC-focused initiatives to drive volume and profit growth.
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Estimate
Beat
Miss
Match
Analyst 52W Price Targets
$50.47Previous close
$35Low
$63.5Average
$99High
Latest persisted target per named analyst; persisted previous close from FN2's market snapshot as of Oct 2, 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 |
|---|---|---|---|---|
| JP Morgan | Overweight | Neutral | Upgrade | Sep 18, 2026 |
| Piper Sandler | Overweight | Overweight | Maintain | Sep 10, 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 previous close $50.47. FMP does not supply a rating on these named-analyst rows.
| Firm | Analyst | 52W target | Price when posted | Upside | Date |
|---|---|---|---|---|---|
| Piper Sandler | Analyst unavailable | $66 | $51.74 | +30.8% | Sep 10, 2026 |
| Barclays | Analyst unavailable | $75 | $51.76 | +48.6% | Sep 4, 2026 |
| BMO Capital | Andrew Strelzik | $65 | $51.76 | +28.8% | Sep 4, 2026 |
| Bernstein | Alexia Howard | $66 | $58.12 | +30.8% | Aug 4, 2026 |
| Coker Palmer | Thomas Palmer | $65 | $57.48 | +28.8% | Jul 14, 2026 |
| Bernstein | Analyst unavailable | $63 | $58.43 | +24.8% | Jul 2, 2026 |
| Piper Sandler | Michael Lavery | $78 | $56.2 | +54.5% | Jun 18, 2026 |
| Piper Sandler | Analyst unavailable | $80 | $68.76 | +58.5% | May 4, 2026 |
| Bernstein | Analyst unavailable | $69 | $65.74 | +36.7% | Feb 3, 2026 |
| BMO Capital | Andrew Strelzik | $73 | $65.74 | +44.6% | Feb 3, 2026 |
| Barclays | Analyst unavailable | $78 | $65.74 | +54.5% | Feb 3, 2026 |
| BMO Capital | Analyst unavailable | $67 | $56.2 | +32.8% | Jan 8, 2026 |
| Piper Sandler | Michael Lavery | $61 | $59.56 | +20.9% | Dec 12, 2025 |
| Stephens | Pooran Sharma | $61 | $55.75 | +20.9% | May 6, 2025 |
| Coker Palmer | Thomas Palmer | $60 | $60.54 | +18.9% | Apr 15, 2025 |
| Piper Sandler | Michael Lavery | $58 | $61.69 | +14.9% | Nov 13, 2024 |
| BMO Capital | Andrew Strelzik | $62 | $61.69 | +22.8% | Nov 13, 2024 |
| Barclays | Benjamin Theuer | $76 | $62.66 | +50.6% | Nov 12, 2024 |
| Bank of America Securities | Peter Galbo | $62 | $59.85 | +22.8% | Oct 15, 2024 |
| Piper Sandler | Michael Lavery | $50 | $60.52 | -0.9% | Sep 25, 2024 |
| Barclays | Benjamin Theuer | $72 | $65.13 | +42.7% | Sep 5, 2024 |
| BMO Capital | Andrew Strelzik | $60 | $62.08 | +18.9% | Aug 6, 2024 |
| Coker Palmer | Thomas Palmer | $63 | $62.51 | +24.8% | Aug 5, 2024 |
| Piper Sandler | Michael Lavery | $57 | $58.33 | +12.9% | May 7, 2024 |
| BMO Capital | Andrew Strelzik | $58 | $58.28 | +14.9% | May 7, 2024 |
| Barclays | Benjamin Theuer | $69 | $58.12 | +36.7% | Apr 16, 2024 |
| Coker Palmer | Thomas Palmer | $62 | $57.6 | +22.8% | Apr 3, 2024 |
| Loop Capital Markets | Andrew Strelzik | $46 | $47.77 | -8.9% | Nov 14, 2023 |
| Stephens | Ben Bienvenu | $70 | $47.58 | +38.7% | Nov 14, 2023 |
| Goldman Sachs | Adam Samuelson | $52 | $46.4 | +3.0% | Nov 10, 2023 |
| UBS | Kevin Caliendo | $37 | $52.66 | -26.7% | Jul 24, 2023 |
| Deutsche Bank | Steve Powers | $35 | $50.39 | -30.7% | May 19, 2023 |
| Bernstein | Alexia Howard | $48 | $48.95 | -4.9% | May 9, 2023 |
| J.P. Morgan | Analyst unavailable | $63 | $59.92 | +24.8% | Feb 7, 2023 |
| Credit Suisse | Analyst unavailable | $58 | $61.08 | +14.9% | Feb 7, 2023 |
| Goldman Sachs | Analyst unavailable | $66 | $61.08 | +30.8% | Feb 7, 2023 |
| Piper Sandler | Analyst unavailable | $65 | $65.75 | +28.8% | Feb 1, 2023 |
| Barclays | Analyst unavailable | $58 | $67.33 | +14.9% | Nov 28, 2022 |
| J.P. Morgan | Analyst unavailable | $70 | $64.34 | +38.7% | Nov 15, 2022 |
| BMO Capital | Analyst unavailable | $75 | $64.83 | +48.6% | Nov 15, 2022 |
| Piper Sandler | Michael Lavery | $79 | $79.92 | +56.5% | Aug 9, 2022 |
| Piper Sandler | Michael Lavery | $85 | $92.84 | +68.4% | May 10, 2022 |
| Piper Sandler | Michael Lavery | $81 | $90.1 | +60.5% | May 3, 2022 |
| BMO Capital | Kenneth Zaslow | $99 | $87.14 | +96.2% | 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
Latest reports in the same sector| Company | Quarter | EPS surprise | Market move | Headline |
|---|---|---|---|---|
| MKC McCormick & Company, Incorporated | FY2026 Q3 · Calendar Q4 2026 | +13.9% | -4.9% | McCormick reports strong Q3 growth while U.S. volumes remain soft |
| 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 |
| GIS General Mills, Inc. | FY2027 Q1 · Calendar Q3 2026 | +4.6% | +1.0% | General Mills leans on mix, innovation and e-commerce amid pressure |
| KR The Kroger Co. | FY2026 Q2 · Calendar Q3 2026 | +2.8% | +2.7% | Kroger: Strong digital growth offsets softer sales outlook |
| CPB Campbell Soup Company | FY2026 Q4 · Calendar Q3 2026 | +1.1% | -7.0% | Campbell’s leans on savings and innovation amid pressured demand |
Latest beats and misses
Who reports nextBeat on EPS
- ACNFY2026 Q4 · October 1, 2026+3.5% EPS+15.8% move
- MKCFY2026 Q3 · October 1, 2026+13.9% EPS-4.9% move
- NKEFY2027 Q1 · October 1, 2026+10.0% EPS-0.7% move
- CAGFY2027 Q1 · September 30, 2026+44.4% EPS-4.9% move
- FDSFY2026 Q4 · September 30, 2026+3.9% EPS+3.8% move
- JBLFY2026 Q4 · September 30, 2026+8.1% EPS-10.0% move
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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 · 2026-10-02T07:56:09.598089+00:00
- Financial Modeling Prep analyst price-target consensus and quote snapshot · 2026-10-02T07:56:09.595165+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 2026-10-02. For educational purposes only; not investment advice.