Tyson Foods' stock soared 5.04% during intraday trading on Monday, driven by the company's release of better-than-expected fiscal second-quarter results and an upward revision to its full-year outlook.
The meat processor reported adjusted earnings of 87 cents per share, surpassing the consensus estimate of 78 cents. Revenue rose 4.4% year-over-year to $13.65 billion, also exceeding analyst expectations. The company's strong performance was led by its chicken and prepared foods segments, which delivered meaningful growth and helped offset continued challenges in the beef business, where high cattle costs pressured margins.
In response to the quarterly strength, Tyson raised its fiscal 2026 adjusted operating income forecast to a range of $2.2 billion to $2.4 billion, an increase from its previous guidance. Management highlighted operational improvements, including benefits from a new, more efficient chicken breed, as factors contributing to the positive results and outlook.