Reported 2 months ago
Despite growing fears of a recession, companies like Tyson Foods and Pilgrim's Pride are seeing rising demand as consumers prioritize protein in their diets. Tyson Foods reported better-than-expected Q3 earnings with a 1.1% growth in volume, while Pilgrim's Pride also exceeded revenue and earnings expectations. The trend highlights a shift as consumers remain focused on essential protein sources amidst price sensitivity and inflationary pressures in other sectors.
Source: YAHOO