Tyson Foods's biggest risks in the FY2024 10-K
- Tyson Foods is heavily exposed to commodity price volatility for feed grains and livestock representing major operational costs.
The risks most specific to Tyson Foods
Fluctuations in commodity prices and in the availability of raw materials, especially feed grains, live cattle, live swine and other inputs could negatively impact our earnings
Fluctuations in the cost and supply of feed grains, live cattle, and live swine, with feed ingredients representing 56% of chicken growing costs in fiscal 2024, could negatively impact earnings.
Disease outbreaks can adversely impact our ability to conduct our operations and the supply and demand for our products
Animal disease outbreaks like African swine fever and highly pathogenic avian influenza can adversely impact livestock supply and financial results.
The loss of one or more of our largest customers could negatively impact our business
The loss of key customers, particularly Walmart Inc. which accounted for 18.4% of fiscal 2024 sales, could significantly reduce sales.
Labor shortages and increased turnover or increases in employee and employee-related costs could have adverse effects on our profitability
Labor shortages, turnover, and wage increases have led to higher overtime and operating costs while limiting facility capacity.
We depend on contract farmers and independent producers to supply us with livestock
We depend on contract farmers and independent producers for live chickens, turkeys, cattle, and hogs.
Product liability claims could adversely affect our business operations and financial results, or damage our reputation
Product liability claims may arise from potential contamination by Listeria monocytogenes, Salmonella, E. coli, or other pathogens and foreign materials.
All 31 risk factors
Headings as the filing states them, in filing order.
Other
- 01Global pandemics have had, and may in the future have, an adverse impact on our business and operations
- 02We may not realize any or all of the anticipated benefits of our financial excellence programs, which may prove to be more difficult, costly or time consuming than expected
- 03We are subject to risks associated with our international activities, which could negatively affect our sales to customers in foreign locations, as well as our operations and assets in such locations
- 04Our business and reputation could suffer if we are unable to protect our information technology systems against, or effectively respond to, cyber attacks, other cyber incidents or security breaches or if our information technology systems are otherwise disrupted
- 05We may not be able to successfully consummate favorable strategic acquisitions or divestitures or successfully integrate acquired businesses
- 06Tyson Limited Partnership can exercise significant control
- 07Fluctuations in commodity prices and in the availability of raw materials, especially feed grains, live cattle, live swine and other inputs could negatively impact our earnings
- 08The prices we receive for our products may fluctuate due to competition from other food producers and processors
- 09Disease outbreaks can adversely impact our ability to conduct our operations and the supply and demand for our products
- 10Changes in consumer preference and failure to maintain favorable consumer perception of our brands and products could negatively impact our business
- 11Failure to continually innovate and successfully launch new products and maintain our brand image through marketing investment could adversely impact our operating results
- 12The loss of one or more of our largest customers could negatively impact our business
- 13Failure to leverage our brand value propositions to compete against private label products, especially during economic downturn, may adversely affect our profitability
- 14Labor shortages and increased turnover or increases in employee and employee-related costs could have adverse effects on our profitability
- 15We depend on the availability of, and good relations with, our team members and their labor unions
- 16If we are unable to attract, hire or retain key team members or a highly skilled and experienced global workforce, it could have a negative impact on our business, financial condition or results of operations
- 17We depend on contract farmers and independent producers to supply us with livestock
- 18Product liability claims could adversely affect our business operations and financial results, or damage our reputation
- 19The Company is required to comply with stringent environmental laws and regulations
- 20New or more stringent domestic and international government regulations could impose material costs on us and could adversely affect our business
- 21Failure to comply with applicable legal standards or requirements could result in regulatory enforcement actions, legal claims or class actions lawsuits, or affect our product sales, reputation and profitability
- 22Climate change may have a long-term adverse impact on our business
- 23Our level of indebtedness and the terms of our indebtedness could negatively impact our business and liquidity position
- 24An impairment in the carrying value of our goodwill or indefinite life intangible assets could negatively impact our consolidated results of operations and net worth
- 25Participation in a Multiemployer Pension Plan could adversely affect our business
- 26Volatility in the capital markets or interest rates could adversely impact our pension costs and the funded status of our pension plans
- 27Market fluctuations could negatively impact our operating results as we hedge certain transactions
- 28Deterioration of economic conditions could negatively impact our business
- 29Extreme factors or forces beyond our control could negatively impact our business
- 30Failure to maximize or to successfully assert our intellectual property rights could impact our competitiveness
- 31We may incur additional tax expense or become subject to additional tax liabilities
Other Tyson Foods 10-Ks
- FY2025 10-K risk factors32 risks1 new4 reworded
International sales fell to $7.4 billion and foreign assets dropped to $0.7 billion as footprint shifted.
Filed Nov 10, 2025
About this page
The headings are the filing's own. The one-line readings and the overview are automated and can be wrong: read Item 1A of the 10-K for the exact wording.