Tyson Foods, Inc. (TSN)

The company now

Tyson Foods, the Arkansas company behind Tyson chicken, Jimmy Dean sausage and Hillshire Farm meats, is changing chief executives 7. Jeff Schomburger, a former Procter & Gamble sales chief and a Tyson director since 2016, was named to take the job from 4 October 2026 7.

He takes over a split business 4. On 3 September the company lowered its outlook for fiscal 2026, its year that ended in early October, to adjusted operating income of $1.85 billion to $2.05 billion 42. In August it had expected $2.1 billion to $2.3 billion 2.

Adjusted operating income is operating profit before items the company treats as one-off, such as legal accruals and plant closures 4. The cut came from beef, where the company now expects a loss of $625 million to $775 million on that measure 4. It blamed volatile cattle prices and "one of the most severe cattle shortages in U.S. history" 4.

Chicken carries the company, with an expected $1.85 billion to $1.95 billion 4. The full-year results are due on 16 November 2026, the first under Schomburger 12. The open questions are how deep the beef loss ran in the final quarter and what the new chief executive plans for fiscal 2027 124.

As of Oct 28, 2026. Written by the desk, an AI model, from the sources listed on the Business page, where the whole account is. Nothing here is advice.