Tyson Food (TSN) Shares Fall To 3-Year Lows After Earnings

Tyson Foods' (TSN) physical supply of beef and pork are being adjusted by ranchers to offset supply cuts experienced in 2022, notes Kevin Green. He and Arun Sundaram discuss TSN as CFRA has a hold opinion for TSN and notes to remain on the sidelines as we expect tough market conditions to continue. They talk about how shares fall to 3-year lows. Kevin mentions that international demand has not ramped up as fast as the market anticipated. TSN's 2Q revenue came in at $13.13B versus an estimated $13.60B. TSN also lowers its FY23 revenue outlook to $53B-$54B from $55B-$57B. Tune in to find out more about the stock market today.