Tyson Foods Inc. reported record sales of $8.7 billion for the third quarter, including record chicken segment earnings of $220 million, or 7% operating margin. The company’s beef segment rebounded with earnings of $114 million, or 3.1% operating margin.
"As expected, we are delivering robust results in the second half of our fiscal year." said Donnie Smith, Tyson's president and CEO. "We produced strong earnings of 69 cents per share while investing in our people, processes and new businesses and continuing to buy back stock. Our Chicken segment achieved record operating income, and our Beef segment rebounded to generate solid returns.