Tyson Foods, the largest U.S. meat supplier, swung to a loss in its latest quarter and cut its sales forecast for the year as high costs across its business and deteriorating consumer demand squeezed the industry.
Tyson, which produces about one out of every 5 pounds of chicken, beef and pork sold in the U.S., posted a loss of $97 million in the three months ended April 1, compared with net income of $829 million a year earlier.
Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8
Already a subscriber? Sign In
Sponsored Offers
- Michael Kors:
Michael Kors Promo Code first order: sign up for KORSVIP + Get 10% Off - JCPenney:
JCPenney Coupon - Extra 20% Off Mother's Day Sale - Target:
Target Promo Code: 20% off Entire Order - TurboTax:
Save up to $15 with TurboTax coupon May 2023 - The Motley Fool:
Epic Bundle - 3x Expert Stock Recommendations - H&R Block Tax:
15% Off DIY Online Tax Filing Services | H&R Block Coupon Code
