Tyson Foods recently reported raises in the second quarter beating expectations in earnings and revenue.
- Numbers: The company’s net income is up 74% from a year ago with a reported $829M in the second quarter. The amount is 22% more than the consensus estimate, and at $1.95B, Tyson Food’s net income for the first half of 2022 was more than double the $928M earned a year ago.
- Adapting to times: The Tyson Foods CEO said the company’s performance “reflects our improving operational execution and strong customer and consumer demand for our brands and products.” He also said with inflation and needing to mitigate price increases, the company is working to improve production capacity and efficiency.
Read the full Talk Business & Politics story HERE.