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Tyson Foods on track for good year despite depressed chicken pricing

September 08, 2011
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BOSTON — Despite depressed chicken pricing, input costs at or near record levels and a sluggish economy, Tyson Foods announced it is still on track to deliver the second-best annual earnings per share in company history, according to a press release.

Much of the company’s gains in the chicken segment have been wiped out by additional grain and feed ingredient costs, but Tyson will continue reinvesting in operational efficiencies to further improve cost structure and competitive position, much like it did with its beef and pork segments, Tyson CEO Donnie Smith said.

“The efficiency improvements we’ve made over the past several years have made our operations very competitive and delivered sustainable earnings improvement,” Smith said.
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