VegNews Daily

Tyson Foods Sees 43 Percent Fall in Net Income

The major meat purveyor faced a significant profit loss during its second quarter due to rising feed prices and dwindling demand.

Tyson Foods experienced more than a 40 percent decrease in net income in the first three months of 2013, falling from $166 in the first quarter of 2012 to $95. According Tyson CEO Donnie Smith, more consumers opted to buy the meat company’s less expensive chicken products, which was reflected in the company’s poor beef sales. He also noted that raised feed prices, a dwindling demand for prepared foods, and the disappearance of international markets also contributed to the second quarter financial shortfall.

 


 Comments

Vegan Street Fair Comes to Los Angeles City Streets

Annual outdoor food festival takes over Hollywood streets.
Read More »

James and Suzy Cameron's Elementary School Goes Vegan

MUSE school officially goes plant-based this fall.
Read More »

US Government: Eat a Plant-Based Diet

Federal committee hopes to “transform the food system” with new guidelines.
Read More »

New Study: Vegan Diet Benefits Childhood Obesity

Research shows that a plant-based diet helps children lose weight and lower risk of heart disease.
Read More »

Celebrity Vegans to Host Italian Tour This Summer

Experience Italy alongside vegan cookbook authors and chefs.
Read More »

This Week on VegNews TV: The secret to these delightful sweet treats is white beans! Aylin Erman shows you how to make these simple blondies.

More Videos »