Tyson Foods Inc. reported notable gains in its chicken segment and lessened losses for its pork and beef segments for the fourth fiscal quarter ending Sept. 28.
Sales in the chicken segment saw a 2.3% sales increase, though volumes dipped slightly by 0.7%. The company’s pork division saw an increase in volume by 3.2%, while prices fell 6.9%.
In beef, demand remained high, with a 3.7% rise in volume despite a tight U.S. beef supply and limited herd rebuilding. The beef segment posted an operating loss of $71 million for the quarter, an improvement from last year’s $323 million loss, while quarterly beef sales reached $5.26 billion.
Tyson projects higher protein production in fiscal year 2025 for its chicken and pork segments and a 2% decrease in beef production.
