Tyson Foods cuts annual profit forecast again as beef pressure drains margins
Tyson Foods cut its profit forecast and lowered its annual sales target, blaming increased pressure in its beef segment due to expected weak cattle prices.
We haven't written up this one. CNBC has the full story — the link below goes straight to it.
Also reported by 2 other outlets
- Tyson Cuts Profit Outlook Again as Beef Segment Worsens bloomberg.com
- Midday Need to Know: Service PMI expands, Tyson Foods cuts outlook & more seekingalpha.com