Tyson Foods (TSN) risk factors, FY2025 10-K

Tyson Foods's FY2025 10-K, filed Nov 10, 2025, lists 32 risk factors. Against the prior year's 31: 1 new, 4 substantially reworded.

Open TSN in Gloom →
Tyson Foods' chart, financials and news, free in your browser.Open TSN in Gloom →
Risk factors listed
320 groups
New this year
1vs 31 last year
Dropped
0since the prior 10-K
Substantially reworded
4of those kept
Section length
8k wordsItem 1A

What the changes say

  • International sales fell to $7.4 billion and foreign assets dropped to $0.7 billion as footprint shifted.
  • Pension underfunding improved slightly to $146 million from $158 million.
  • Total workforce shrank to 133,000 team members while unionized representation rose to 37,000.

What changed since the prior 10-K

New

  • New

    BUSINESS & OPERATIONAL RISK FACTORS

    The company added a heading for business and operational risk factors without new accompanying text.

Reworded

  • 73% rewritten

    We may not realize any or all of the anticipated benefits of our financial excellence programs and operational optimization plans, which may prove to be more difficult, costly or time consuming than expected

    Expanded to explicitly include operational optimization and network optimization plans alongside financial excellence programs.

    Was: We 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

  • 60% rewritten

    We 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 and in the United States

    Updated fiscal 2025 foreign sales to $7.4 billion, US export sales to $4.8 billion, and foreign long-lived assets to $0.7 billion.

    Was: We 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

  • 25% rewritten

    Volatility in the capital markets or interest rates could adversely impact our pension costs and the funded status of our pension plans

    Updated the pension plan underfunded position to $146 million as of September 27, 2025.

  • 22% rewritten

    We depend on the availability of, and good relations with, our team members and their labor unions

    Updated total team members to approximately 133,000 and union-covered team members to approximately 37,000.

All 32 risk factors

Headings as the filing states them, in filing order.

Other

  1. 01BUSINESS & OPERATIONAL RISK FACTORSNew
  2. 02We may not realize any or all of the anticipated benefits of our financial excellence programs and operational optimization plans, which may prove to be more difficult, costly or time consuming than expected73% rewritten
  3. 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 and in the United States60% rewritten
  4. 04Global pandemics have had, and may in the future have, an adverse impact on our business and operations
  5. 05Our 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
  6. 06We may not be able to successfully consummate favorable strategic acquisitions or divestitures or successfully integrate acquired businesses
  7. 07Tyson Limited Partnership can exercise significant control
  8. 08Fluctuations 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
  9. 09The prices we receive for our products may fluctuate due to competition from other food producers and processors
  10. 10Disease outbreaks can adversely impact our ability to conduct our operations and the supply and demand for our products
  11. 11Changes in consumer preference and failure to maintain favorable consumer perception of our brands and products could negatively impact our business
  12. 12Failure to continually innovate and successfully launch new products and maintain our brand image through marketing investment could adversely impact our operating results
  13. 13The loss of one or more of our largest customers could negatively impact our business
  14. 14Failure to leverage our brand value propositions to compete against private label products, especially during economic downturn, may adversely affect our profitability
  15. 15Labor shortages and increased turnover or increases in employee and employee-related costs could have adverse effects on our profitability
  16. 16We depend on the availability of, and good relations with, our team members and their labor unions22% rewritten
  17. 17If 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
  18. 18We depend on contract farmers and independent producers to supply us with livestock
  19. 19Product liability claims could adversely affect our business operations and financial results, or damage our reputation
  20. 20The Company is required to comply with stringent environmental laws and regulations
  21. 21New or more stringent domestic and international government regulations could impose material costs on us and could adversely affect our business
  22. 22Failure 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
  23. 23Climate change may have a long-term adverse impact on our business
  24. 24Our level of indebtedness and the terms of our indebtedness could negatively impact our business and liquidity position
  25. 25An impairment in the carrying value of our goodwill or indefinite life intangible assets could negatively impact our consolidated results of operations and net worth
  26. 26Participation in a Multiemployer Pension Plan could adversely affect our business
  27. 27Volatility in the capital markets or interest rates could adversely impact our pension costs and the funded status of our pension plans25% rewritten
  28. 28Market fluctuations could negatively impact our operating results as we hedge certain transactions
  29. 29Deterioration of economic conditions could negatively impact our business
  30. 30Extreme factors or forces beyond our control could negatively impact our business
  31. 31Failure to maximize or to successfully assert our intellectual property rights could impact our competitiveness
  32. 32We may incur additional tax expense or become subject to additional tax liabilities

Other Tyson Foods 10-Ks

  • FY2024 10-K risk factors
    31 risks

    Tyson Foods is heavily exposed to commodity price volatility for feed grains and livestock representing major operational costs.

    Filed Nov 12, 2024

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.