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Mar 29

Tyson Foods Q2 2025 Earnings Report

Tyson Foods delivered steady results in Q2 2025 with flat sales and adjusted EPS, while net income showed a strong recovery.

Key Takeaways

Tyson Foods posted $13.07 billion in sales and $0.92 in adjusted EPS for Q2 2025. Net income reached $380 million, with operating income at $515 million. The chicken segment drove performance, nearly doubling operating income YoY, while beef continued to face margin pressure.

Chicken segment AOI nearly doubled YoY with 3% volume growth.

Flat enterprise sales and adjusted EPS despite legal contingency accruals.

Strong cash discipline with $382 million in free cash flow.

Net leverage ratio improved to 2.3x, reflecting stronger financial position.

Total Revenue
$13.1B
Previous year: $13.1B
+0.0%
EPS
$0.92
Previous year: $0.62
+48.4%
Adjusted Operating Margin
3.8%
Previous year: 3.1%
+22.6%
Chicken AOI
$312M
Previous year: $160M
+95.0%
Pork AOI
$55M
Previous year: $33M
+66.7%
Gross Profit
$624M
Previous year: $909M
-31.4%
Cash and Equivalents
$1.72B
Previous year: $2.18B
-21.3%
Free Cash Flow
$382M
Previous year: -$390M
-197.9%
Total Assets
$36.3B
Previous year: $37.5B
-3.2%

Tyson Foods

Tyson Foods

Tyson Foods Revenue by Segment

Forward Guidance

Tyson Foods expects modest sales growth and stable AOI for FY25, emphasizing operational efficiency, innovation, and capital discipline.

Positive Outlook

  • Sales expected to grow flat to 1%
  • Total AOI projected between $1.9B–$2.3B
  • Free cash flow outlook between $1.0B–$1.6B
  • Focus on operational efficiency and waste elimination
  • Investment in data, analytics, and AI to drive decisions

Challenges Ahead

  • Continued pressure from legal contingencies
  • Tight cattle supply to weigh on beef margins
  • Pork and prepared foods face volume softness
  • Potential volatility in commodity input costs
  • Legal, restructuring and closure-related costs remain a drag

Revenue & Expenses

Visualization of income flow from segment revenue to net income