Category: prices soar

Tyson Foods Beats Revenue Estimates as Chicken Prices Soar

Tyson Foods Inc. quarterly revenue exceeded analysts’ estimates on Monday as prices for its chicken climbed. Still, earnings per share missed analysts’ estimates, sending shares lower. Packaged food makers have so far faced little pushback from consumers on price increases forced by surging costs, but analysts and companies have raised concerns that demand may suffer….

Tyson Foods Misses Earnings, Warns of Supply Constraints; Shares Fall

Tyson Foods shares fell 10 percent on Monday as the U.S. meat processor reported weaker-than-expected quarterly earnings and warned of supply constraints and reduced demand for high-priced beef. The sell-off left shares down about 8 percent for the year and 20┬ápercent from an all-time high reached in February, as inflation and broader economic concerns bite…