USA: Tyson lowers profits forecasts for Q4, fiscal 2002
US poultry giant Tyson Foods yesterday [Wednesday] lowered its profit forecasts for the fourth quarter and fiscal 2002. The company is now predicting Q4 earnings in the range of 13-15 cents and fiscal 2002 earnings in the range of 97-99 cents per share. This is a significant climb down from the ranges of 24-28 cents and US$1.08-1.12 per share forecast for the fourth quarter and fiscal year respectively as recently as at the end of July.
Get full access to all content, just $1 for 30 days
A Message From The Editor
just-food gives you the widest food market coverage.
Paid just-food members have unlimited access to all our exclusive content - including 17 years of archives.
I am so confident you will love complete access to our content that today I can offer you 30 days access for $1.
It’s our best ever membership offer – just for you.
Dean Best, editor of just-food
- Interview: Sir Kensington's on sale to Unilever
- Analysis: Post discusses rationale for Weetabix
- Interview: "Disruptive" snack brand Hippeas
- Who will buy Danone's Stonyfield business?
- Column: Why snacking is the new meal
- Unilever buys US condiments maker Sir Kensington's
- Tyson shops Sara Lee bakery, Kettle and Van's
- Icelandic to sell Saucy Fish Co. owner Seachill
- Dairy dampens Danone in Q1
- Tyson to buy burger-to-entree firm AdvancePierre