Tyson Foods’ shares tumble more than 9% as inflation crimps demand for meat

Shares of meatpacking giant Tyson plunged more than 9% — the stock’s worst day since August — after the company said persistent inflation weakened consumer appetites for beef, pork and chicken purchases, biting into profits in the second quarter. At grocery stores, shoppers are prioritizing essential kitchen staples over discretionary categories thanks to persistent inflation...