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00:02Tyson Foods shares traded higher Monday after the company reported mixed third-quarter results
00:07and narrowed its full-year sales outlook, according to Benzinga.
00:10Adjusted earnings came in at $0.99 per share, matching estimates,
00:13while revenue of $13.87 billion missed expectations.
00:17Adjusted operating income increased 8% to $547 million,
00:22and operating margin improved to 3.9%.
00:24Beef sales fell as higher pricing failed to offset lower volume,
00:27while the segment's adjusted operating loss widened to $138 million.
00:32Pork, chicken, and international sales and operating income increased,
00:35while prepared food sales rose but operating income declined.
00:39Tyson narrowed its fiscal 2026 sales forecast to $55.80 billion to $56.35 billion
00:46and reaffirmed adjusted operating income guidance of $2.1 billion to $2.3 billion.
00:52The company also said the phased reopening of the U.S.-Mexico border for cattle imports
00:56could improve cattle availability beginning in 2027,
00:59but is not expected to materially impact fiscal 2026 results.
01:03For all things money, visit Benzinga.com.
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