Tyson grows beef revenues by 3.1%
13/11/2018
Beef brought in almost $15.5 billion, 38.7% of the total and 3.1% more than in the previous year. Chicken was Tyson’s next-biggest seller, bringing in just over $12 billion. Chicken revenues grew by 4.9% year on year. This year’s total for pork was $4.9 billion, a decline of 2.1%. Prepared foods accounted for most of the rest of the group’s income.
Chief executive, Noel White, said: “We exceeded our revised guidance due to a strong finish in the fourth quarter in the beef and pork segments. Prepared foods drove margin expansion, while the chicken segment closed the gap from earlier in the year with increased promotional activity. Our strategy is working, has allowed us to produce good returns this year and will enable continued long-term growth.”
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