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Diving Briefs:
- Tyson Foods said that protein’s consumer appetite strengthened the demand for poultry, and the benefits of the chicken sector reached the highest level in eight years.
- Poultry On Monday, chicken profits doubled, reporting increased income for the third consecutive quarter. Compared to the same period last year. The management thought that performance was due to the increase in sales volume in the food service sector and the improvement of the manufacturing efficiency.
- Chicken sales helped Tyson offset the challenge of beef and pork. Livestock supply is hard and pork price is low Compression margin of two segments.
Dive Insights:
Many consumers have dedicated chicken There is an advantage of protein, but the price is lower than that of beef.
“Consumer background remains dynamically, but one thing is clear.” Tyson’s CEO and president Donnie King said on Monday import calls. “Consumers are focusing on recognizing the priority of protein in diets and supporting nutritional benefits and healthy lifestyles.”
According to a survey by the International Food Information Council, 71%of consumers increase protein consumption in 59%in 2024 in 2024. . Tyson has been expanded Existed and grown on the food service channel Innovative pipeline of food prepared in response to demand.
Wes Morris, the poultry chairman of Tyson Group, said in an analyst call, “The protein and convenience are both winning with consumers, and we are market share leaders.
Tyson predicted that the department would create $ 1 by raising guidelines for chicken segments. Despite the challenge of $ 1 billion to $ 1.3 billion in the 2025 fiscal year, the management said it was better than expected in an uncertain economic environment.
“We are focusing on control of control and adapting agility to manage tariffs, immigration and market epidemiology,” King said.
