Tyson Foods has cut its fiscal 2026 profit forecast for the second time in less than a month, citing severe cattle shortages and volatile prices. The company now expects adjusted operating income of $1.85 billion to $2.05 billion, down from $2.1 billion to $2.3 billion, and lowered revenue growth to 1.5%-2.0% from 2.5%-3.5%. The beef segment is projected to post an adjusted operating loss of $625 million to $775 million, worse than the prior estimate of $500 million to $650 million. Management is closing or selling several beef facilities and concentrating operations in Nebraska, Kansas, and Texas, expecting cost reductions by fiscal 2027. Despite strength in Chicken and Prepared Foods, the company faces a challenging foodservice environment and pork headwinds, with shares falling about 7% after the announcement.
Tyson Foods IncSevere cattle shortages and volatile prices force Tyson to cut fiscal 2026 profit forecast and close beef facilities.
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