Chicken Drives Increased Sales at Tyson Foods, but Beef Struggles Continue

Date:

Tyson Foods’ Beef Meatloaf for sale at a grocery store in Encinitas, Calif., on May 29, 2014. Mike Blake/ReutersTyson Foods, headquartered in Springdale, Arkansas, reported sales of $13.86 billion in its most recent fiscal quarter, a nearly 5 percent increase from the previous year, with chicken powering protein sales at the nation’s largest meat producer.Full-year sales for the fiscal year ended Sept. 28 were up by 3.3 percent to $54.4 billion, Tyson Foods reported. Quarterly adjusted operating income from the company’s chicken segment was $457 million, up by 28 percent from $356 million for the same quarter in 2024. However, a number of factors impacting the beef industry led to quarterly losses of $94 million in that segment.

spot_imgspot_imgspot_img

Share post:

More like this
Related

Volkswagen to Cut 50,000 Jobs by 2030 as Profit Pressures Mount

CompaniesEurope’s largest carmaker is wrestling with a ‘challenging environment,’...

US Existing Home Sales Rise Unexpectedly in February as Affordability Continues to Improve

A "for sale" sign is posted in front of...

Dont Make These Estate Executor Mistakes

Managing an estate is complex, and simple errors by...

Air Taxis Set for Summer Trials in 26 States Under Trump Admins Pilot Program

A Joby Aviation's all-electric air taxi lands after performing...