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Disney Reports Earnings

Published February 6, 2026

The Walt Disney Company (DIS) reported its first quarter earnings on Monday, February 2. Despite quarterly revenue exceeding expectations, the entertainment company’s stock fell by 7% following the release of the report.

Revenue for the first quarter was $25.98 billion. This was up 5% from $24.69 billion in revenue last year at this time and slightly ahead of analysts’ expectations of $25.74 billion.

“We are pleased with the start to our fiscal year, and our achievements reflect the tremendous progress we have made,” said Disney CEO, Robert A. Iger. “We delivered strong box office performance in calendar year 2025 with billion-dollar hits like Zootopia 2 and Avatar: Fire and Ash, franchises that generate value across many of our businesses. As we continue to manage our company for the future, I am incredibly proud of all that we have accomplished over the past three years.”

Disney posted net income of $2.40 billion for the quarter or $1.34 per diluted share. Last year at this time, the company reported net income of $2.55 billion or $1.40 per diluted share.

The company’s Experiences segment posted revenue of $10.01 billion, a 6% increase from $9.42 billion one year ago. Within the Experiences segment, domestic revenue rose 7% to $6.91 billion, while international revenue also increased by 7% to $1.75 billion. Operating income for the Entertainment segment came in at $1.1 billion, marking a 35% decrease from $1.7 billion one year ago. Disney attributes the decrease to higher programming and production costs, higher marketing expenses and increases in technology and distribution costs. For full fiscal year 2026, Disney expects double-digit percentage growth in adjusted earnings per share and plans to repurchase $7 billion in shares from stockholders.

The Walt Disney Company (DIS) shares ended the week at $108.70, up 5% for the week.

Tyson Posts Quarterly Earnings

Tyson Foods, Inc. (TSN) posted its first quarter earnings report on Monday, February 2. While the company topped analysts’ estimates, the food company’s stock remained relatively unchanged following the release of the report.

Tyson posted revenue of $14.31 billion for the quarter, up 5% from $13.62 billion reported in the same quarter last year. First quarter revenue was above the $14.12 billion that analysts expected.

“Our first quarter results reflect solid execution across our portfolio," said Tyson Foods CEO, Donnie King. "As protein demand continues to increase, our consistent share gains demonstrate we are well-positioned to capture this momentum. I am encouraged by the progress we have made and confident we will drive continued improvement across the controllable aspects of our business in fiscal 2026."

For the first quarter, the company posted net income of $85 million or $0.24 per adjusted share. This is a decrease from net income of $359 million or $1.01 per adjusted share this time last year.

The Arkansas-based food company includes brands such as Jimmy Dean, Hillshire Farm and Ball Park. The company experienced a sales volume increase in some segments: 1.6% in Pork, 3.7% in Chicken and 0.2% in Prepared Foods. The company, however, experienced a sales decline of 7.3% in the Beef segment and 0.8% in its International segment. Operating income increased 3.1% in Pork, 10.7% in Chicken, 12.0% in Prepared Foods and 7.0% in International while decreasing 5.5% in Beef. Tyson restated its fiscal 2026 guidance, expecting adjusted operating income to range from $2.1 billion to $2.3 billion and revenue increasing from 2% to 4% compared to fiscal 2025.

Tyson Foods, Inc. (TSN) shares ended the week at $65.26, up 2% for the week.

PepsiCo Releases Quarterly and Full-Year Results

PepsiCo, Inc. (PEP) released its fourth quarter and full year earnings report on Tuesday, February 3. The beverage and snack manufacturer’s shares increased more than 5% following the earnings report.

The company reported quarterly revenue of $29.34 billion, a 6% increase from $27.78 billion in revenue during the same quarter last year, exceeding analysts’ estimates of $28.97 billion. For the full year, revenue came in at $93.93 billion, up from $91.85 billion reported one year ago.

“PepsiCo’s fourth quarter results reflected a sequential acceleration in reported and organic revenue growth, with improvements in both the North America and International businesses,” said PepsiCo CEO, Ramon Laguarta. “For fiscal 2026, we aim to accelerate growth by restaging large, global brands, introducing an expansive set of product innovation in emerging and functional spaces, and offering sharper value to address consumer affordability dynamics. We also aim to deliver a record year of productivity savings which will help fund investments to accelerate growth.”

PepsiCo reported net income of $2.54 billion for the quarter or $1.85 per adjusted share. This was up from $1.52 billion or $1.11 per adjusted share in the same period a year ago. For the full year, the company’s net income was $8.24 billion.

The company reported increases in revenue across all its segments. The company’s Beverages North America segment reported $8.20 billion in revenue, a 4% increase from $7.91 billion in the year prior. The Food North America segment reported $8.31 billion in revenue, up 1.5% from $8.19 billion at the same time last year. For fiscal 2026, the company expects total cash return to shareholders of about $8.9 billion, made up of $7.9 billion in dividends and $1.0 billion in share repurchases. PepsiCo also reiterated its outlook for 2026, anticipating revenue growth between 2% and 4%.

PepsiCo, Inc. (PEP) shares ended the week at $170.49, up 11% for the week.

The Dow started the week of 2/2 at 48,778 and closed at 50,116 on 2/6. The S&P 500 started the week at 6,917 and closed at 6,932. The NASDAQ started the week at 23,371 and closed at 23,031.