Thursday, June 4, 2009

Tyson Foods reports improved chicken sales

Structural changes and modified business practices, along with improved market conditions, have benefitted Tyson Foods' chicken business, according to a news report.
Donnie Smith, senior group vice president for poultry and prepared foods at Tyson, said that as a result of such changes, the company's chicken segment will have a stronger Q3 than anticipated a month back. Smith was speaking at the Stephens Inc. Spring Investment Conference held in New York on June 2.
However, Smith added that higher input costs and a demand for other sources of protein could affect chicken sales later in the year.

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