How Tyson Foods' Business Has Been Hurt by the Coronavirus
Meat processing giant Tyson Foods (NYSE: TSN) stock has badly trailed the market in the wake of the COVID-19 pandemic, with shares down over 30% in 2020 through mid-August. The S&P 500 is up by 6% in that time.
The owner of popular chicken, pork, and beef brands like Tyson and Jimmy Dean took a significant hit in the fiscal third quarter, which ran through late July and included temporary plant closures and unprecedented stress on its supply chain. Sales fell across its four operating segments as Tyson struggled to maintain supply to supermarket chains.
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Source Fool.com
