Tyson Foods Inc. reported its second-quarter 2025 earnings, with adjusted earnings per share (EPS) of $0.92, surpassing the consensus estimate of $0.82. However, the company's revenue of $13.07 billion fell short of the expected $13.14 billion. Tyson Foods maintained its fiscal year 2025 adjusted operating income forecast at between $1.9 billion and $2.3 billion, with capital expenditures expected to range from $1.0 billion to $1.2 billion. The company's beef segment, its largest unit, faced challenges, reporting an adjusted operating loss of $181 million for the six months ended March 2025. CEO Donnie King highlighted the difficulties in the beef market, noting that beef prices had risen 8.2% in the second quarter due to reduced cattle herds caused by a prolonged drought. In contrast, the chicken segment saw a 3% increase in sales volumes, with income rising to $312 million from $160 million a year earlier, as prices declined by 1.1%. Tyson Foods also increased its legal contingency accruals by $250 million related to claims of price fixing in its pork business. The company warned that tariffs could cause temporary sales disruptions, although exports account for less than 10% of its business. The company's shares fell 9% following the earnings release, reflecting investor concerns over the beef segment's performance and the impact of tariffs on sales.