Tyson Foods (TSN), the largest chicken producer in the U.S., reported mixed Q3 results with adjusted earnings of $0.99 per share, a 9% increase year-over-year but below expectations. Sales reached $13.9 billion, flat from the previous year and also missing estimates. The company’s Beef segment faced significant challenges, with sales declining to $5.4 billion despite a 12% rise in average prices; volumes dropped nearly 16% year-over-year.
As a result, Tyson has revised its fiscal year 2026 revenue growth outlook to 1.5% – 2% and adjusted operating income expectations to $1.85 – $2.05 billion, attributing the downgraded forecast to severe cattle shortages impacting profit margins. The stock has seen a 13% decline over the past three months, currently holding a Zacks Rank of #5 (Strong Sell).
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