TSN · 10-K filed 10 Nov 2025 · year to 27 Sep 2025

Tyson Foods

24 named things its latest annual report says its results depend on, each in the company's own words. 16 of them are also named by other companies we've read.

Read the filing on SEC.gov ↗

Customers

Walmart Inc.

earns from · approximately 18.7% of our fiscal 2025 consolidated salesnamed as a risk

Walmart Inc. accounted for approximately 18.7% of our fiscal 2025 consolidated sales.Business (Item 1)

Also named by CAG, CALM, CHD, CL, CPB, GIS, HAS, HRL and 9 more

Walmart Inc.

concentrated in · 15.6% of our net accounts receivablenamed as a risk

At September 27, 2025 and September 28, 2024, 15.6% and 15.5%, respectively, of our net accounts receivable balance was due from Walmart Inc.Market risk (Item 7A)

Also named by CAG, CALM, CHD, CL, CPB, GIS, HAS, HRL and 9 more

Suppliers

Independent contract farmers

depends onnamed as a risk

We contract primarily with independent contract farmers to raise the live chickens and turkeys processed in our poultry operations.Risk factors (Item 1A)

Other companies

Labor unions (collective bargaining agreements)

depends on · approximately 47% of those team members at locations either under negotiation for contract renewal or included under agreements expiring in fiscal 2026named as a risk

Approximately 31,000 team members in the United States were subject to collective bargaining agreements with various labor unions, with approximately 47% of those team members at locations either under negotiation for contract renewal or included under agreements expiring in fiscal 2026.Business (Item 1)

Also named by ECG, EME, HCA, JLL, LUV, MAR, NSC, NYT and 2 more

Tyson Limited Partnership

approximately 71.94% of the total voting powernamed as a risk

As a result of these holdings, positions and directorships, the partners in the TLP have the ability to exert substantial influence or actual control over our management and affairs and over substantially all matters requiring action by our stockholders, including amendments to our restated certificate of incorporation and by-laws, the election and removal of directors, any proposed merger, consolidation or sale of all or substantially all of our assets and other corporate transactions.Risk factors (Item 1A)

Cobb-Vantress

operates in

Through our wholly-owned subsidiary, Cobb-Vantress, we are one of the leading poultry breeding stock suppliers in the world.Business (Item 1)

Places

Brazil

operates in · approximately $0.7 billion of long-lived assetsnamed as a risk

In addition, we had approximately $0.7 billion of long-lived assets, excluding goodwill, intangibles, financial instruments and deferred tax assets, located in foreign locations, primarily Brazil, China, New Zealand, Malaysia, the Middle East and Thailand, at the end of fiscal 2025.Risk factors (Item 1A)

Also named by ADM, ASO, AZO, BALL, CPAY, CPRT, CTVA, DE and 32 more

Export sales from the United States

earns from · $7.4 billion, of which $4.8 billion related to export sales from the United Statesnamed as a risk

Our sales to customers in foreign countries for fiscal 2025 totaled $7.4 billion, of which $4.8 billion related to export sales from the United States.Risk factors (Item 1A)

China

operates in

Tyson China and Tyson South Korea consist of a vertically-integrated chicken production operation, multi-protein further-processing operations, and a joint venture interest in a non-consolidated chicken processing business in China.Business (Item 1)

Also named by A, AA, AAOI, AAP, AAPL, AB, ADI, AEHR and 261 more

Thailand

operates in

Approximately 17,000 team members were employed in other countries, primarily in Thailand and China.Business (Item 1)

Also named by ADI, CB, CIEN, INGR, LITE, LZB, MCHP, NXT and 3 more

Hazards

African swine fever

named as a risk

In recent years, ASF has impacted hog herds in China, Asia, Europe, and the Caribbean, and if an outbreak of ASF were to occur in the United States, the Company’s supply of hogs and pork could be materially impacted.Risk factors (Item 1A)

Also named by ADM, HRL, IDXX, JBTM, ZTS

Highly Pathogenic Avian Influenza

named as a risk

HPAI has been detected in the United States in dairy cattle, wild birds, mammals, and farm workers directly exposed to infected dairy or poultry.Risk factors (Item 1A)

Also named by CALM, HRL, POST

Listeria monocytogenes

named as a risk

We face a risk of product liability claims from potential contamination of our products by foreign materials, disease-producing organisms or pathogens, such as Listeria monocytogenes, Salmonella, and E. coli, or exposure to chemicals of concern from packaging or environmental exposure.Risk factors (Item 1A)

Also named by HRL

New World screwworm

named as a risk

Supply of and demand for our products can be adversely impacted by disease outbreaks impacting animals, animal products, and livestock, such as African swine fever (“ASF”), Bovine Spongiform Encephalopathy, Foot and Mouth Disease, Highly Pathogenic Avian Influenza (“HPAI”), and New World screwworm, which can have a significant impact on our financial results.Risk factors (Item 1A)

Commodities and inputs

Corn

exposed to its price · roughly 53% of our cost of growing a live chickennamed as a risk

Corn, soybean meal and other feed ingredients, for instance, represented roughly 53% of our cost of growing a live chicken in fiscal 2025.Risk factors (Item 1A)

Also named by ADM, BF/B, CAG, CALM, CL, DE, FLO, FPI and 10 more

Brazilian real

exposed to its price · $21 million impact on pretax incomenamed as a risk

The primary currencies we have exposure to are the Brazilian real, the British pound sterling, the Canadian dollar, the Chinese renminbi, the European euro, the Malaysian ringgit, the Mexican peso and the Thai baht.Market risk (Item 7A)

Also named by AVY, CPAY, CTVA, ECHO, MELI, MOS, NFLX, RHI and 1 more

Soybean meal

exposed to its price · roughly 53% of our cost of growing a live chickennamed as a risk

In fiscal 2025, corn, soybean meal and other feed ingredients were major production costs, representing roughly 53% of our cost of growing a live chicken domestically.Business (Item 1)

Also named by ADM, CALM, GPRE, SEB

Lean hogs

exposed to its price · $46 million effect of 10% changenamed as a risk

The majority of our live hog supply is obtained through various procurement relationships with independent producers.Business (Item 1)

Also named by HRL

Live cattle

exposed to its price · $18 million effect of 10% changenamed as a risk

The U.S. cattle market is currently experiencing limited supply of market-ready cattle and uncertainty exists regarding the timing of anticipated cattle herd rebuild.Business (Item 1)

Regulators

U.S. Food and Drug Administration (FDA)

subject to

In addition to our own internal Food Safety and Quality Assurance oversight and review, our beef, pork, chicken, and prepared foods products are subject to inspection, primarily by the USDA and the FDA.Business (Item 1)

Also named by A, ABBV, ABT, AMGN, ARE, ARWR, ATR, AXGN and 112 more

U.S. Department of Agriculture (USDA)

subject to

Also named by AGM, BJ, CAG, CALM, CASH, CB, DLTR, FLO and 11 more

Laws and programs

Tariffs and trade restrictions

subject tonamed as a risk

Tariffs and trade disputes could increase the price of our goods in the affected countries and result in less or no demand.Risk factors (Item 1A)

Also named by CDW, DELL, EWBC, ILMN, PAR, TMUS

Multiemployer pension plan

named as a risk

The plan in which we participate is reported to have a significant underfunded liability.Risk factors (Item 1A)

Hazard Analysis and Critical Control Points (HACCP)

subject to

We also participate in the USDA’s Hazard Analysis and Critical Control Points (“HACCP”) program or FDA’s Hazard Analysis and Risk-Based Prevention Controls (“HARPC”) program as applicable and are subject to the Sanitation Standard Operating Procedures and the Public Health Security and Bioterrorism Preparedness and Response Act of 2002.Business (Item 1)