US poultry giant Tyson Foods yesterday [Wednesday] lowered its profit forecasts for the fourth quarter and fiscal 2002.

Go deeper with GlobalData

Go deeper with GlobalData

The gold standard of business intelligence.

Find out more

Discover B2B Marketing That Performs

Combine business intelligence and editorial excellence to reach engaged professionals across 36 leading media platforms.

Find out more


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.


Tyson shares fell 1.8% in Wednesday trading on the news to close at US$12.19 on the New York Stock Exchange.


The changes in projection have been attributed by the company to a planned charge of US$20-30m before taxes resulting from the restructuring of its swine operations, and a further charge of US$27m arising from the costs of conversion from its Thomas E. Wilson brand name, acquired through the purchase last year of fellow meatpacker IBP.

GlobalData Strategic Intelligence

US Tariffs are shifting - will you react or anticipate?

Don’t let policy changes catch you off guard. Stay proactive with real-time data and expert analysis.

By GlobalData

Just Food Excellence Awards - Nominations Closed

Nominations are now closed for the Just Food Excellence Awards. A big thanks to all the organisations that entered – your response has been outstanding, showcasing exceptional innovation, leadership, and impact.

Excellence in Action
Winning five categories in the 2025 Just Food Excellence Awards, Centric Software is setting the pace for digital transformation in food and FMCG. Explore how its integrated PLM and PXM suite delivers faster launches, smarter compliance and data-driven growth for complex, multi-channel product portfolios.

Discover the Impact