Meat packer Tyson Foods down after cutting annual profit forecast

Tyson Foods

03/08/2026 12:43

** Shares of meat packer Tyson Foods TSN.N down ~4% at $55.78 premarket
** Co cuts annual profit forecast as tight U.S. cattle supplies continue to drive losses in its beef business
** TSN now sees annual adj operating income of $2.1 billion to $2.3 billion vs prior forecast of $2.2 billion to $2.4 billion
** Expects annual sales to be up 2.5% to 3.5% compared to 2% to 4% rise previously; analysts estimate a 4.3% rise - LSEG-compiled data
** Posted Q3 sales of $13.87 billion, missing analysts' estimates of $14.12 billion
** Quarterly adj EPS came in at 99 cents, in line with expectations 
** As of last close, TSN down ~1% YTD
     

(Reporting by Shania S Thomas in Bengaluru)
((shanias.thomas@thomsonreuters.com))