Tyson Foods announced the results of its third quarter. Sales were $10.022 billion, down from 2019’s total of $10.885 billion. Net income dropped from $681 million to $527 million. Sales from thr first nine months of the year stand at $31.725 billion, a slight increase from 2019’s $31.521 billion.
“Without a doubt, our third fiscal quarter was one of the most volatile and uncertain periods I’ve seen during my time in the industry,” said Noel White, Tyson Foods’ CEO. “However, our commitment to team member health and safety and investments in operations and portfolio strategy effectively positioned us to weather unprecedented COVID-19 marketplace volatility while allowing us to support our farmers, ranchers and producers and meet our customers’ needs.”