FoodClips
Source: The Wall street Journal
Tyson Swings To Record Profit On Stronger Chicken Results
Tyson Foods Inc. swung to a record fiscal first-quarter profit as margins surged and the meat packer saw strength in its long-troubled chicken operation.
"Beef, pork and prepared foods continued to execute well, and chicken began to show the improvement we've been working toward for more than a year," Chairman and Chief Executive Donnie Smith said.
Tyson's business segments have turned profitable across the board after struggling during the depths of the recession. Credit Suisse in January called Tyson the most inexpensive food company in the sector and said that, amid a cyclical rebound in meat processing, the company's stock could have a 20% upside in the next six months with "minimal risk."
Read more [http://online.wsj.com/article/SB10001424052748704533204575046961908657710.html?mod=googlenews_wsj]
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Tyson Foods, Inc.
Address: 2200 Don Tyson Parkway Springdale, AR 72762
Telephone: +1-479-2904000
Fax: +1-479-2904061
About Tyson Foods, Inc.
Tyson Foods, Inc. is a meat protein and food production company. The Company produces, distributes and markets chicken, beef, pork, prepared foods and related allied products. The Company’s operations are conducted in four segments: Chicken, Beef, Pork and Prepared Foods. The Company’s integrated operations consist of breeding stock, contract growers, feed production, processing, further-processing, transporting and marketing chicken and related allied products, including animal and pet food ingredients. Through its wholly owned subsidiary, Cobb-Vantress, Inc. (Cobb), the Company also operates as a poultry breeding stock supplier, supplying Tyson, as well as a number of other poultry production companies. It processes live fed cattle and hogs and fabricate dressed beef and pork carcasses into primal and sub-primal meat cuts, case-ready and fully-cooked meats. The Company produces a range of frozen and refrigerated food products