Tyson Foods cuts annual adjusted operating income, revenue outlook
Tyson Foods (TSN) revised down its annual adjusted operating income and revenue growth outlook, citing additional pressure in its Beef segment during the fourth quarter.
Tyson Foods Inc. on Thursday lowered its annual adjusted operating income and revenue growth outlook, saying the revision reflects additional pressure in its Beef segment in the fourth quarter. The company said the updated view is primarily driven by significant market pressures in Beef and related margin compression, according to the statement.