Tyson Foods lowered its fiscal 2026 revenue growth forecast to 1.5%-2.0%, down from 2.5%-3.5%.
The company expects significant losses in its beef segment due to volatile cattle prices and shortages.
Tyson Foods shares dropped 7% after the revised outlook and are down 11% year-to-date.
Tyson Foods updated its fiscal 2026 outlook Thursday. Investors aren't too pleased.
Shares of Tyson Foods (TSN) sank roughly 7% in morning trading after the meat giant reduced its full-year revenue growth and adjusted operating income projections, "primarily driven by significant margin compression amid volatile cattle prices and one of the most severe cattle shortages in U.S. history, as well as the expected impact of lower cattle prices on the value of live cattle inventories."
#foods #prices #shares
The company expects significant losses in its beef segment due to volatile cattle prices and shortages.
Tyson Foods shares dropped 7% after the revised outlook and are down 11% year-to-date.
Tyson Foods updated its fiscal 2026 outlook Thursday. Investors aren't too pleased.
Shares of Tyson Foods (TSN) sank roughly 7% in morning trading after the meat giant reduced its full-year revenue growth and adjusted operating income projections, "primarily driven by significant margin compression amid volatile cattle prices and one of the most severe cattle shortages in U.S. history, as well as the expected impact of lower cattle prices on the value of live cattle inventories."
#foods #prices #shares
7 days ago
