Tyson reports first quarter fiscal 2009 resul...

Tyson reports first quarter fiscal 2009 results

Tyson Foods, Inc. announced its first quarter fiscal 2009 results. Thus, the first quarter 2009 Net ESP was $0,30 million as compared to $0.10 million last year. Sales increased $45 million, or 0.7%, versus same quarter last year.

Pork and Prepared Foods operating margins were 6.3% and 4.7%, respectively. Beef operating results were breakeven in first quarter 2009, as compared to a $68 million loss a year ago. Chicken losses reflect increased grain costs of $183 million and increased net losses of $197 million from the company’s commodity risk management activities related to grain purchases, as compared to the same quarter last year.
Source: Tyson Foods, Inc.

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