EARNINGS & CATALYSTS · November 9, 2026
Tyson earnings preview: watch beef losses and the 2027 outlook on November 16, 2026
Tyson reports before open on November 16 after cutting its profit outlook. Beef losses, chicken margins and the first fiscal 2027 outlook will show whether a recovery is taking shape.
| Company | Report date | Window | EPS estimate | Revenue estimate |
|---|---|---|---|---|
| Tyson Foods, Inc. (TSN) | November 16, 2026Issuer confirmed | Before open | 0.59 | 14.1B |
1) When will Tyson report, and what is expected?
Tyson confirmed fiscal fourth-quarter 2026 results for November 16, 2026, before open. As of November 9, the calendar consensus is approximately $0.59 in earnings per share (EPS, or profit per share) and $14.10 billion in revenue. These are analyst estimates, not company guidance. The calendar does not explicitly establish the EPS adjustment basis, so compare it with the published reconciliation before judging a beat or miss.
2) Why does the next outlook matter?
The September 3 forecast cut makes the starting point for fiscal 2027 more important than a small quarterly earnings surprise. Management expects changes to its beef processing network to begin reducing operating cost pressures in the new fiscal year. Look for quantified savings, implementation costs and evidence that the remaining plants can process livestock more efficiently.
3) What do the last two reports show?
Fiscal second-quarter revenue was $13.653 billion and adjusted EPS was $0.87; third-quarter figures were $13.868 billion and $0.99. GAAP diluted EPS was $0.73 and $0.52, respectively. Adjusted figures remove selected costs and are not the same as accounting profit. Against the release-date consensus used in the comparison image, the third quarter was effectively in line on EPS and missed revenue by 1.4%. The stock rose 2.8% between the July 31 and August 3 closes, illustrating that the reaction can differ from the headline surprise.
4) How the business makes money
Tyson earns money by processing and selling beef, pork and chicken, and by selling branded prepared foods such as Jimmy Dean and Hillshire Farm. Its customers include retailers and restaurants. Commodity meat profits depend on the gap between livestock costs and selling prices; branded products add another source of earnings.
5) What to watch
Watch the beef loss outlook and whether changes to the plant network improve cash generation. In chicken and prepared foods, separate unit sales from price increases: stronger revenue is more valuable when it comes with stable margins. Fiscal 2026 has an extra week, while the company’s outlook used a comparable 52-week basis.
6) Recently reported peers
Pilgrim’s Pride reported October 28 sales of $4.653 billion and adjusted EPS of $0.49. That was an 11.9% EPS miss against its $0.556 release-date consensus, while revenue modestly beat. Its U.S. prepared-foods volumes rose more than 15%, but commodity chicken prices weakened. This is useful context for Tyson’s chicken business; Pilgrim’s does not provide a direct comparison for Tyson’s beef exposure.
7) Risks into the report
Scarce cattle can keep processing margins weak. Softer restaurant spending, lower wholesale poultry prices, disease outbreaks and restructuring costs could offset efficiency gains. A better-than-expected quarter would not guarantee a higher share price, especially if the next year’s outlook disappoints.
8) Insider activity over the past three months
$1M bought and $0 sold in reported trades. 100% buy / 0% sell by value. 1 insiders bought only, 0 sold only, and 0 did both.