(Bloomberg) — Tyson Foods Inc. shares fell after the top U.S. meat supplier said unprecedented disruptions are reducing its output and pushing up costs, with the outlook so murky it couldn’t offer financial guidance for the year.U.S. plant shutdowns and slowdowns in the past month are set to continue, resulting in higher operating costs and lower volume for the rest of fiscal 2020, Tyson said in a statement on second-quarter earnings, which missed estimates. While the pandemic has meant higher retail sales volume, that hasn’t been enough to offset food-service losses. “Due to the uncertainty of the COVID-19 impacts to …read more
Source:: Yahoo Finance
