Beef sales beat chicken and pork for Tyson, but contribute lower profit
29/07/2014
Its operating income on this figure was just over $1.2 billion, up from a figure of $959 million for the first three quarters of its 2013 fiscal year.
Beef accounted for more than 40% of all Tyson sales over the nine-month period, bringing in $11.7 billion, more than pork or chicken. However, beef contributed less operating income than either of its rival meats, with $194 million, or just over 16% of the total, compared to chicken’s 56.8% and pork’s 29.7%.
Tyson attributed beef’s lower contribution to profits to higher fed cattle costs and periods of reduced demand for beef products, which made it difficult to pass along increased input costs.
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