Tyson Foods, Inc. reported its results for the third quarter. Sales for the third quarter topped $10 billion, up from $9.8 billion in 2017. Net income rose to $542 million, and adjusted operating income rose to $816 million. Tyson’s Beef segment posted a record operating income of $318 million. For the first nine months of the fiscal year, Tyson’s sales stand at $30.053 billion.
“We continued to grow our business in Q3, even with the headwinds we faced related to oversupply and pricing,” said Tom Hayes, Tyson Foods president and chief executive officer. “In this challenging environment, we delivered a solid quarter overall, growing earnings, operating income and margins.