Tyson Foods’ shares tumble 9% as inflation crimps meat demand
Meat processing giant Tyson’s stock price plunged more than 9% after the company said persistent inflation reduced consumer appetite for beef, pork and chicken purchases, weighing on second-quarter profits. It was the worst day for stocks since August. Melanie Bouldin, head of Tyson’s prepared foods business, said lingering inflation, which has kept interest rates at […]