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…
Tyson Foods said revenue is expected to rise by 1.5% to 2% in fiscal 2026, down from a prior outlook for 2.5% to 3.5%. The company said the lower outlook reflects pressure from volatile cattle prices. Shares fell 6.8% to $52.0.