Tyson Foods slides after second profit-outlook cut on beef pressures
-7.26% to $51.76 from $55.81
What moved TSN
- Tyson now expects fiscal 2026 adjusted operating income of $1.85 billion to $2.05 billion, down from the $2.1 billion to $2.3 billion it forecast on August 3
- Full-year revenue growth guidance was lowered to 1.5%-2.0% from a prior 2.5%-3.5%
- The company now projects beef-segment operating losses of $625 million to $775 million, wider than its prior $500 million to $650 million range
- The revised outlook was driven by margin compression amid volatile cattle prices and one of the most severe U.S. cattle shortages on record
- Shares fell in premarket trading Thursday on the announcement
Sources: CNBC · Investing.com