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Tyson Foods

Robust growth in Tyson’s chicken segment at its restaurant and food service channels helped the company offset stubbornly high beef prices due to low US cattle supplies.

Companies & Markets

Tyson Foods beats quarterly profit estimates on strong chicken demand

The company witnessed sustained demand for its frozen meat and ready-to-eat food as consumers increasingly preferred eating at home

Tyson will service customer orders from other locations, the company says without providing further details.

Consumer & Healthcare

Tyson to sell chicken plant as streamlining push continues

TYSON Foods agreed to sell a chicken facility to House of Raeford Farms as part of efforts to restore profitability.

Most of Tyson’s second-quarter operating profits came from its prepared foods business, which encompasses most of the company’s branded, ready-to-eat offerings.

Companies & Markets

Tyson raises outlook as lower costs boost chicken segment

The largest US meat producer is now on a path to make US$1.4 billion to US$1.8 billion in operating income in fiscal 2024

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