Tyson Foods Inc. swung to a record fiscal first-quarter profit as margins surged
and the meat packer saw strength in its long-troubled chicken operation.
“Beef, pork and prepared foods continued to execute well, and chicken began to
show the improvement we’ve been working toward for more than a year,” Chairman
and Chief Executive Donnie Smith said.
Tyson’s business segments have turned profitable across the board after
struggling during the depths of the recession. Credit Suisse in January called
Tyson the most inexpensive food company in the sector and said that, amid a
cyclical rebound in meat processing, the company’s stock could have a 20% upside
in the next six months with “minimal risk.”
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