The company posts fourth-quarter revenue below analysts' estimates as volume and prices drop from a year earlier.
Shares of Tyson Foods were falling Monday after the meat company turned in disappointing quarterly sales numbers and issued weak guidance.
Revenue of $13.3 billion fell short of expectations of $13.7 billion. Overall, fourth-quarter volume slid 0.6% from a year earlier, and average price fell 1.4%. “While economic headwinds persist, we are moving in the right direction and managing what we can control,” said President and Chief Executive Officer Donnie King in the earnings release.
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