Post

2Q earnings up at Tyson

Tyson Foods reporting second-quarter earnings were up 4.4 percent compared to a year ago. For the quarter ending March 31 Tyson reported profit of $166 million or 44 cents per share compared to $159 million or 42 cents per share in the second quarter last year. Total sales were up 3.4 percent to $8.27 billion.

The beef sales volume declined 10.7 percent while prices increased 13.2 percent as a result the segment showed a $1 million loss for the quarter.

Pork segment sales volume decreased slightly for the quarter while income was $115 million down 0.8 percent from the same quarter last year.

Tyson’s chicken sales volume decreased 1.6 percent but prices rose to reflect an 8 percent increase in sales. For the quarter and profits soared to $145 million.

For the first six months of the year, Tyson net income is $322 million compared to $450 million in the first half of 2011.

Read Tyson’s quarterly and six-month report here: