- Beating Wall Street estimates, Tyson Foods saw a 23.5% revenue increase in its December quarter. Packaged food sales specifically did very well.
- Tyson has profited from consumers' meaty chicken appetite as well as beef and pork price hikes, and said it anticipates this demand will "remain high despite a growing supply" through its year closing in September, according to The Wall Street Journal, which also notes the company's $7.7 billion Hillshire Brands Inc. purchase.
- Profit for its fiscal first quarter that finished last month was $309 million, compared to $254 million from last year. Sales increased to $10.82 billion, though Thomson Reuters only forecasted $10.4 billion in revenue.
Seeking Alpha also reports that in its second quarter, Tyson hopes to finish its "Mexico chicken production operation" sale.