Tyson Foods misses quarterly sales estimates

Tyson Foods misses quarterly sales estimates

(Reuters) – Tyson Foods Inc missed Wall Street estimates for quarterly revenue on Monday, pinched by slowing demand for its premium beef and pork cuts amid a fall in chicken prices.

The U.S. meatpackers sales rose to $13.26 billion in the first quarter from $12.93 billion a year earlier.

Analysts on average had expected sales of $13.52 billion, according to IBES data from Refinitiv.

(Reporting by Deborah Sophia in Bengaluru; Editing by Maju Samuel)

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