For the quarter, the company posted sales of US$13.65 billion, up 4.4% from the same period last year. Excluding the impact of legal contingency accruals recognised as reductions to sales in the prior year, revenue increased 1.8%.
Profitability improved on a GAAP basis. Operating income rose to US$435 million from US$100 million a year earlier, while GAAP diluted earnings per share increased to US$0.73 from US$0.02. Adjusted operating income, however, declined 3% year-on-year to US$497 million.
Beef continued to face headwinds. Although average prices increased 11.5%, volumes declined 13.1%, contributing to an adjusted operating loss of US$202 million for the quarter. Pork returned to profitability, posting adjusted operating income of US$41 million compared with US$69 million in the prior-year period, while the international segment adjusted operating income declined to US$37 million from US$54 million.
For the first six months of fiscal 2026, Tyson reported sales of US$27.97 billion, up 4.8% year on year, while GAAP operating income increased 8% to US$737 million. Adjusted operating income for the six-month period declined 9% to US$1.07 billion.
President and CEO Donnie King said: “We delivered strong results in the second quarter, with our Chicken and Prepared Foods segments driving meaningful momentum. Our disciplined balance sheet management, execution and diversified, multi-protein portfolio position us to capitalise on significant growth opportunities ahead.”
Looking ahead, Tyson expects fiscal 2026 sales to rise between 2% and 4% compared with fiscal 2025, with total company adjusted operating income forecast between US$2.2 billion and US$2.4 billion.
