Tyson Foods: issues profit warning
(CercleFinance.com) - A week before it unveils its quarterly results, Tyson Foods, has said that it now expects adjusted FY EPS to be around 5.
70 dollars to 6 dollars, against a previous target range of 6.55 dollars to 6.70 dollars.
The agri-food group specialised in meat, justifies this profit warning, due to the uncertainties surrounding trade policies and increased customs duties, which are negatively impacting prices on the domestic and export markets.
Tyson Foods also highlights increased volatility in commodity markets, sluggish demand for chicken, pressure on margins in pork, and a benefit from tax reforms that is less than originally expected.
Copyright (c) 2018 CercleFinance.com. All rights reserved.
70 dollars to 6 dollars, against a previous target range of 6.55 dollars to 6.70 dollars.
The agri-food group specialised in meat, justifies this profit warning, due to the uncertainties surrounding trade policies and increased customs duties, which are negatively impacting prices on the domestic and export markets.
Tyson Foods also highlights increased volatility in commodity markets, sluggish demand for chicken, pressure on margins in pork, and a benefit from tax reforms that is less than originally expected.
Copyright (c) 2018 CercleFinance.com. All rights reserved.