Tyson reports positive returns
Beef, pork and prepared foods units good; chicken outlook remains positive.
Tyson Foods reported that its beef, pork and prepared foods units are delivering good returns while the long-term outlook for the company's chicken business remains positive, according to a news report.
Tyson's prepared food segment is performing its best since it was acquired in 2001, according to Donnie King, Tyson's group vice president for Refrigerated & Deli. Growth is attributed to the launch of Wright Brand bacon, a good performance by the firm's private label lunchmeat business, and strong sales of tortilla.
Returns from Tyson Fresh Meats, the company's beef and pork business, have been in or above their normalized ranges for about 18 months now, Noel White, Tyson's senior vice president of pork margin management, said.