Tyson Earnings
By: Jennifer Griggy
Updated: April 30, 2007
(Springdale, AR) Tyson Foods today reported $0.19 earnings per share for the second fiscal quarter, compared to a loss of $0.37 per share in the same quarter last year.
Second quarter 2007 sales were $6.5 billion compared to $6.3 billion for the same period last year.
Operating income was $158 million compared to operating loss of $142 million, and net income was $68 million compared to a net loss of $127 million, for the same period last year.
President Richard L. Bond said that all segments were profitable, and it was the strongest performance for the company since the fourth quarter of fiscal 2005.
The beef segment is in the black, and the pork business is well within the target margin objectives. Chicken, meanwhile, showed improvement despite a substantial year-over-year increase in grain costs.
(Copyright 2007 Newsroom Solutions, LLC)
