Tyson not ruling out further closures as protein headwinds persist
Tyson Foods could consider more plant closures as it continues to face pressures across its chicken, beef and pork operations.
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Tyson Foods could consider more plant closures as it continues to face pressures across its chicken, beef and pork operations.
Affected facilities are located in Arkansas, Indiana and Missouri.
(Bloomberg) -- Tyson Foods Inc. will shut down four additional chicken facilities after fiscal third-quarter sales trailed even the lowest of analyst estimates. The shares dropped the most since May.Most Read from BloombergMusk Says He May Need Surgery, Will Get MRI on Back and NeckTexas Power Prices to Surge 800% on Sunday Amid Searing HeatUkraine Black Sea Drone Attacks Signal Rapidly Expanding WarHSBC Executive Slams ‘Weak’ UK for Backing US Against ChinaPayPal Launches a Stablecoin in Latest
Tyson Foods Inc. said Monday it is closing four chicken processing plants as it looks to lower costs.
Tyson Foods Inc. of Springdale reports a loss of $417 million in its fiscal third quarter.