Donnie King on genetics valuation
From Tyson Foods Inc ($TSN) Q2 2026 Earnings Call · · Castify Earnings Call
“I think our genetics business, it has always been a point of difference. We've had some struggles with it based on not having a big bird genetics package. And so, but we've got that now. The sales of those genetics is what you're seeing that is different than what you've seen in recent quarters. And more importantly, where it's going, there is significant segment operating income that will come from that, perhaps larger than most would even consider.”
On , Donnie King, President, CEO & Director at Tyson Foods Inc, spoke about genetics valuation during Tyson Foods Inc ($TSN) Q2 2026 Earnings Call on Castify Earnings Call.
About Donnie King
Donnie King, president and CEO of Tyson Foods, has led the company through a period of improved financial performance, with the company reporting multiple consecutive quarters of year-over-year growth in sales, adjusted operating income, and adjusted earnings per share. King attributed this performance to operational efficiencies, strategic customer partnerships, and innovation, stating that the company is "back in the chicken business and executing at a very high level." He noted that the company's genetics business, which he described as a "strategic asset," is now delivering a new breed targeted toward a large bird, which he said is providing "superior live performance and real customer value." King raised the company's adjusted operating income guidance for fiscal 2026, citing better year-to-date performance and confidence in the future. King acknowledged ongoing challenges, particularly in the beef segment, which he described as the "only soft spot" due to record-low cattle availability, and projected a segment operating loss. He also addressed the company's valuation, stating that he believes Tyson is "undervalued" and that he has done "a poor job of communicating the value of our prepared foods." On immigration, King stated that all Tyson employees are legally authorized to work and that there have been no ICE visits to company facilities. Additionally, King announced that Wes Morris, who was brought out of retirement to lead the poultry business, will be transitioning out of the company, with a new president of poultry to be announced.