Advertisement

News and analysis on the global poultry
and animal feed industries.
Poultry Processing & Slaughter / Broilers & Layers / Pig Processing & Slaughter / North America / Industry News & Trends
Tyson Q3
Photo courtesy of Tyson Foods
on August 8, 2016

Tyson Foods net income up strongly in third quarter

Company reports record operating margin for its chicken segment

Tyson Foods reported a strong third quarter for fiscal year 2016, seeing a strong improvement in its net income achieving a record operating margin for its chicken segment.

The company saw its net income rise from $344 million during the third quarter of fiscal year 2015 to $485 million during the most recent quarter.

The operating margin for Tyson’s chicken segment was 13.9 percent, a record for the company, Meanwhile, the company’s prepared foods segment hit an operating margin of 10.9 percent and its pork segment had an operating margin of 9.6 percent.

Tyson Foods achieved sales of $9.4 billion, which is a drop from the sales recorded during the same period of 2015. However, it did improve its pork sales, while prepared foods sales were down only slightly.

“We again demonstrated our ability to deliver higher, more stable earnings through our differentiated business model that emphasizes growth in prepared foods and value-added chicken,” Donnie Smith, chief executive officer of Tyson Foods, said. “We produced record third quarter earnings per share, operating income and return on sales. All operating segment results were in or above their normalized operating margin ranges, with the chicken segment delivering a record 13.9 percent return on sales.

“At retail, our products are growing in sales volume, sales dollars and category share according to IRI, and Tyson is a leader in volume sales growth among the top 10 branded food companies.”

Comments powered by Disqus