Tyson Foods cuts fiscal 2026 revenue growth outlook on cattle price pressure
Tyson Foods expects fiscal 2026 revenue to rise by 1.5% to 2%, down from a prior 2.5% to 3.5% range, citing pressure on volatile cattle prices. Shares fell 6.8% to $52.0.
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01:42:51 PM UTC
SquawkNews
Tyson Foods NYSE:TSN cut its profit forecast for a second time within a month and also lowered its annual sales target, blaming increased pressure in its beef segment due to expected weak cattle prices.Last week, U.S. President Donald Trump signed a proclamation to temporarily increase imports of…
By Elias SchisgallTyson Foods said its revenue will grow by less than previously expected this year, citing pressure on volatile cattle prices.The company said Thursday that it expects revenue in fiscal 2026 to rise by 1.5% to 2%, down from a previous range of 2.5% to 3.5%.Shares fell 6.8% to $52.0…