• Tyson Foods hosted its fiscal Q3 2026 earnings call with CEO Donnie King, CFO Curt Calaway, incoming CEO Jeff Schomburger, COO Wes Morris.
• Updated FY2026 outlook: sales growth 2.5%-3.5%; adjusted operating income USD 2.1-2.3 billion; free cash flow USD 1.3-1.7 billion.
• Beef forecast cut to a USD 650-500 million operating loss on USDA margin compression and higher cattle costs despite footprint optimization.
• Prepared Foods raised to USD 1.3-1.35 billion; Q3 sales USD 2.6 billion; operating income USD 321 million; margin 12.6%.
• Chicken reaffirmed at USD 1.9-2.05 billion; Q3 operating income USD 488 million; margin 11.2%; management said most volume is committed pre-placement.

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