Pomerantz LLP

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Tyson Foods, Inc.

We are investigating Tyson Foods, Inc. (TSN) (“Tyson” or the “Company”) for potential violations of the federal securities laws. 

On September 3, 2019, post-market, Tyson issued a press release entitled “Tyson Foods Experiencing Short-Term Challenges in Fiscal Fourth Quarter.”  Specifically, Tyson advised investors that “[t]hese challenges include margin compression related to a reversal of a gain on mark to market grain derivatives recognized in our third quarter, commodity market volatility, implementation of enhanced food safety initiatives, a beef processing plant fire, and slower than expected operational improvements in the Chicken segment.”  Accordingly, Tyson revised its fiscal 2019 adjusted earnings guidance downward to a range of $5.30 to $5.70 per share.  On September 4, 2019, at an investor conference, Tyson’s Chief Executive Officer advised investors that the Company had slowed chicken processing after recalling millions of pounds of poultry over concerns that they contained extraneous materials, such as rubber and metal, and that the slower processing had led to higher costs that contributed significantly to the Company’s revised earnings guidance.  On this news, Tyson’s stock price fell $7.23 per share, or 7.75%, to close at $86.06 per share on September 4, 2019.