Reuters – Tyson Foods TSN.N shares were on track for their worst one-day decline in a year on Monday after the U.S. meatpacker warned that consumers are under pressure from persistent inflation and high commodity costs could weigh on upcoming results. The Arkansas-based meatpacker reported second-quarter sales that fell short of analysts’ estimates, though profits
Tyson Foods shares sink on worries over consumer demand, third quarter
Tyson Foods shares plunge
Deflated demand, inflated costs lead to surprise loss
Tyson Foods Inc. shares plunged 16 per cent to a three-year low May 8 as the U.S. meatpacker posted a surprise second-quarter loss and cut its full-year revenue forecast amid slowing consumer demand. The weaker than expected results indicate cash-strapped shoppers are cutting back on meat spending in a high-inflation environment, while a shrinking cattle herd forces Tyson to pay more for
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