Tyson Foods: Profit falls as plant fires hurt...
Tyson Foods

Profit falls as plant fires hurt production

Tyson Foods, Inc.

USA, Springdale, Arkansas. 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.
Source: Reuters


With our free newsletters, we can provide you with the most important industry news and useful practical tips from Germany and around the world.