Iowa Public Television

 

Outbreaks Fail to Slow Tyson Earnings

posted on April 30, 2004


Despite trade restrictions prompted by Mad Cow and bird flu outbreaks in the U.S., Tyson Foods saw its second quarter profits soar 65 percent, company officials say.

The world's largest meat company says its earnings for the first three months of the year came to 33 cents a share, up 13 cents from a year ago and six cents better than Wall Street had expected. Sales totaled $6.2 billion compared with $5.8 billion last year.

While no Tyson animals contracted either Mad Cow or bird flu, the company says sales of both beef and chicken products were lower because of import bans levied by several countries.


Tags: agriculture animals beef birds chickens diseases food safety influenza livestock Mad Cow meat news