Tyson Cuts Profit Forecast Again as Cattle Futures Rally on Short Covering
TSN is trading near its 52-week low of $50.56 (1.9% above the low).
Summary
Tyson Foods lowered its fiscal 2026 adjusted operating income guidance for the second time in a month, now expecting $1.85B-$2.05B, down from $2.1B-$2.3B. The cut reflects deepening beef segment losses amid tight cattle supplies and volatile prices. This follows the company's August 3rd guidance reduction and recent plant closures. Meanwhile, cattle futures rallied on short covering and falling grain prices, but the company's beef business remains under pressure. President Trump's plan to ease beef tariffs and import ground beef at 25% below current prices adds further headwinds. The stock trades near its 52-week low, reflecting investor concern over the beef segment's outlook.
At the time of this announcement, TSN was trading at $51.53 on NYSE in the Trade & Services sector, with a market capitalization of approximately $17.8B. The 52-week trading range was $50.56 to $69.48. This news item was assessed with negative market sentiment and an importance score of 7 out of 10. Source: Reuters.