Update: Tyson Cuts Fiscal 2026 Outlook for Revenue Growth, Adjusted Operating Income on Volatile Cattle Prices
MT newswire2026/09/03 14:02Bitget offers one-stop trading for cryptocurrencies, stocks, and gold. Trade now!
A welcome pack worth 6200 USDT for new users! Sign up now!
10:02 AM EDT, 09/03/2026 (MT Newswires) -- (Updates to include fiscal 2026 adjusted operating income revision in headline and third paragraph.) Tyson Foods (TSN) reduced its fiscal 2026 revenue growth guidance to a range of 1.5% to 2% from the previous range of 2.5% to 3.5%, the company said Thursday. Analysts surveyed by FactSet expect revenue of $56.54 billion. The company also cut its fiscal 2026 adjusted operating income outlook to a range of $1.85 billion to $2.05 billion from the previous range of $2.1 billion to $2.3 billion. The outlook was revised mainly due to "significant margin compression amid volatile cattle prices and one of the most severe cattle shortages in US history, as well as the expected impact of lower cattle prices on the value of live cattle inventories," Tyson said. Tyson shares were 6.3% lower in Thursday trading. Price: 51.67, Change: -4.16, Percent Change: -7.44
0
0
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Canadian Dollar extends gains on hawkish BoC message, softer US Dollar
FXStreet•2026/09/03 15:15
Snowflake Shows AI-Powered Growth in Q2, Morgan Stanley Says
MT newswire•2026/09/03 15:08
Hewlett Packard Enterprise's Solid Order Growth Backs Upbeat Fiscal 2027 Outlook, Morgan Stanley Says
MT newswire•2026/09/03 15:07
Corteva Says Farmers Are Willing to Pay Up for High-Tech Seeds -- WSJ
Dow Jones•2026/09/03 15:04