Tyson swings to $435M operating profit as Chicken rebounds; Beef losses persist

Filed May 4, 2026 · Period ending March 28, 2026 · Compared to 10-Q May 5, 2025 · ~2 min read

Key Changes

• high

  Q2 operating income surged to $435M from $100M year-ago, driven by Chicken margin expansion to 11.8% (from 6.3%) and Pork's turnaround to 2.6% profitability (from -15.7% loss). Legal accruals dropped to $16M from $343M.

  MD&A: Operating Results verify on EDGAR →
• high

  Beef segment remains deeply unprofitable at -4.6% margin; six-month operating loss widened to $559M from $248M, driven by $1.45B in increased cattle costs and limited supply. Network optimization expanded to $264M in total charges.

  MD&A: Beef Segment verify on EDGAR →
• high

  Oklahoma environmental case concluded with $0.2M penalty and $10M remediation order. Court rejected Tyson's $19M settlement proposal; both judgment and settlement denial under appeal to Tenth Circuit. Financial terms stayed pending appeal.

  Legal Proceedings verify on EDGAR →