Started by Shiranu, May 31, 2022, 01:24:05 AM
QuoteThe biggest U.S. meat company by sales raised its full-year revenue outlook to a range of $52 billion to $54 billion, from $49 billion to $51 billion previously."Although we continue to see inflationary pressures across the supply chain, we are working to drive costs down by continuing to increase our efficiency, productivity and bringing more capacity on line," Chief Executive Officer Donnie King said in a statement Monday.Shares climbed 1.2% as of 9:35 a.m. in New York trading despite a broader selloff in equities.Tyson, based in Springdale, Arkansas, has also been under pressure by politicians in Washington for elevated meat prices. Consumers are paying higher food prices even as livestock and poultry producers complain that an overly concentrated meatpacking sector results in smaller shares of profits for farmers.Executives from the four biggest U.S. beef companies denied a conspiracy to fix prices during a hearing last month."We recently received a subpoena dated April 21, 2022 from the New York Attorney General's Bureau of Consumer Frauds & Protection seeking information regarding our sales, prices and production costs of beef, pork and chicken products," the company reported in a U.S. Securities and Exchange Commission filing. "We are currently evaluating the scope of the subpoena."For Tyson, it's been nearly a year since King took over as CEO. The company said it's on track to realize $1 billion in productivity savings by the end of the year.
Quote from: Mr.Obvious on May 31, 2022, 01:51:50 AMThe entire political spectrum aside.Partly out of habit, but i also think partly due to these continued economi crises, we've been eating less qnd less meat in this household. More dishes with little meat like oven-mase leek and or vegetarion poke bowls orvegetarian spaghettisauce or soups and the likes.Used to be a time i didn't think about what meat i put in my cart. Them days are long gone.