Reported 2 months ago
Tyson Foods reported a better than expected third-quarter revenue and profit, boosted by a rebound in meat sales and lower animal feed costs. The company's shares increased by 2.8%, aided by gains in its chicken division, which saw a significant turnaround after past challenges. Tyson has also adjusted its fiscal outlook, narrowing its operating income forecast for 2024, and announced plans to improve chicken supply alignment with customer demand. However, its beef segment continues to face challenges with rising cattle costs.
Source: YAHOO