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All markets work against Tyson Foods in Q1

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Underperformance in chicken, beef and pork leads to $979 million lower operating income.

Challenges during the first quarter of 2023, including market dynamics and some operational inefficiencies, impacted the company’s profitability in a way that was not expected, Tyson Foods President and Chief Executive Officer Donnie King said Monday as the company released financial results that missed estimates. The company reported adjusted earnings of 85 cents per share, down 70% from Q1 2022.

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