Tyson Foods Inc. reported the following results for the third quarter. Sales increased 4% to approximately $10.1 billion, and adjusted operating income rose 40% to a record $568 million. Overall adjusted operating margin was 5.6%, thanks to the chicken segment operating margin of 11.4% and a record prepared foods segment adjusted operating margin of 10.9%.
"The Prepared Foods and Chicken segments performed very well in the fiscal third quarter while managing numerous challenges," said Donnie Smith, president and chief executive officer of Tyson Foods. "The strong results in these two segments demonstrate the benefits of our branded, value-added product portfolio and multi-channel, multi-protein business model by partially offsetting soft results in the Beef and Pork segments.