Tyson Foods Inc. reported its results for the third quarter. Sales increased to $12.48 billion, up from $10.02 billion from the previous year. Sales across all of its protein segments grew anywhere from 3.3% (chicken) to 24% (beef).
“We delivered a strong performance in a strong protein market,” said Tyson Foods President & CEO Donnie King. “With trusted brands that met strong consumer demand, we have delivered 12 consecutive quarters of share gains in core business lines at retail. Our foodservice volume improved as the restaurant industry began to reopen and recover. Our beef business increased production to meet strong U.S. and international demand for higher-quality products. And we continued to build financial strength, reducing our debt and investing in future growth by laying out plans to expand our business, both to address capacity constraints and meet growing demand.”