Tyson Foods Profit falls as plant fires hurt production

by Editor fleischwirtschaft.com
Thursday, May 11, 2017
Photo: Tyson Foods, Inc.

Tyson Foods Inc, the No. 1 U.S. meat processor, reported a 21.3% slump in quarterly profit as a fire at two of its plants in the period disrupted chicken production, hurting sales at the company's second-biggest business. This was reported by Reuters.
Net income attributable to Tyson declined to $340 mill., or 92 cents per share, in the second quarter ended April 1, from $432 mill., or $1.10 per share, a year earlier.

Tyson Foods' sales fell about 1% to $9.08 bn., declining for the fifth time in six quarters.