08.08.2016 - At Tyson Foods profit increased despite the fall in revenue
Tyson Foods raised its earnings forecast for this fiscal year. The reason for the profit growth from the third quarter of this fiscal year was focusing on the prepared food. As a result, for the quarter that ended July 2, the company received 484 million dollars in profits in comparison with 343 million dollars in the same period of the previous year. Revenue fell by 4.1% to 9.4 billion dollars. Our medium-term outlook remains positive, on the background of improved operational efficiency, and we expect the increase in the near future by 7-10%.