Tyson Food shares falls

Tyson Foods’ shares tumble more than 9% as inflation crimps demand for meat. Persistent inflation has weakened consumer appetites for beef, impacting Tyson Foods’ profits. Despite the somewhat gloomier outlook, Tyson reported better-than-forecast second-quarter results, with adjusted net income of 62 cents per share.

For more details, you can refer to the full article published on May 7th at the link below!

Source: https://fooddigital.com/food/tyson-foods-shares-see-record-fall-as-ceo-says-profits-will-be-hit-by-inflation-and-costs

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