Tyson Foods Stock Falls Over 8% After Q1 Revenue Misses Expectations
Tyson Foods Stock Falls Over 8% After Q1 Revenue Misses Expectations

Tyson Foods Stock Falls Over 8% After Q1 Revenue Misses Expectations

News summary

Tyson Foods shares fell sharply after the company reported quarterly revenue that missed analyst expectations, despite earnings per share exceeding forecasts. The decline in sales volumes affected most segments except chicken, which remained a growth area. Tyson attributed the revenue miss partly to a significant legal contingency related to an antitrust settlement in its pork business and ongoing external pressures such as tariffs and consumer demand weakness. Additionally, a historic cattle shortage drove up livestock costs, resulting in a substantial loss in the beef segment and contributing to overall profit declines. The company forecasted flat to modest sales growth for the fiscal year, which disappointed investors and analysts. As a result, Tyson's stock is now in negative territory for the year and trading at its lowest levels since January.

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5 hours ago
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