Tyson reports “challenging” Q2, remains hopeful for second half of the year
Tyson Foods Inc. reported the results from its second quarter. Sales rose to $ 8.419 billion, up from 2012’s $ 8.268 billion. Operating income, however, dropped from $302 million to $174 million, and net income dropped from $166 million to $106 million.
"Our second quarter typically is our most challenging, and this quarter was no exception," said Donnie Smith, Tyson Foods' president and CEO. "However, our business is structured to withstand adverse conditions, and we worked through the issues while positioning ourselves for what we believe will be a strong performance in the second half of the year.