Tyson Foods Inc. reported the following results. Fourth-quarter sales rose to $10.145 billion from $9.156 billion in last year’s fiscal year. Net income increased slightly to $394 million. For the year, Tyson reported sales of $38.260 billion, which topped last year’s mark of $36.881 billion and is a company record. Net income increased to $1.778 billion.
“The fourth quarter was a strong finish to another record year,” Tom Hayes, Tyson Foods’ president and chief executive officer, said. “We delivered well over our goals of at least 4 percent operating income growth, EPS growth in the high single digits and 3 percent volume growth in value-added products, and expect to meet or exceed these goals again in fiscal 2018.