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

US Senator Cory Booker Goes Vegan

New Jersey Senator tests out veganism for animal ethics and health.
Read More »

New Study: Vegan Diet Can Cure Diabetes

Research indicates that a plant-based diet can improve blood sugar levels and help reverse type 2 diabetes.
Read More »

Tofurky Feast Celebrates 20 Years

The ubiquitous holiday roast has been gracing Thanksgiving tables for two decades.
Read More »

Shocking New Video: Animal Abuse at Chick-fil-A Chain

Mercy For Animals releases undercover footage exposing horrific abuse at farms supplying the country's top chicken fast-food chain.
Read More »

Whole Foods Market Arrests Renowned Vegan Activist

Well-known vegan and social justice activist arrested during peaceful protest against the sale of rabbit meat.
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 »