EDITION: Wilkes County ▼
► FAQs ► PLACE A CLASSIFIED AD ► ADVERTISE YOUR BUSINESS
54 °
Fog/Mist
Registered Users, Log In Here
►
► CREATE NEW ACCOUNT ► FORGOT PASSWORD?
That's pretty interesting, Tyson...

JustKnow

Posted 9:47 am, 11/17/2021

All good tasting meats.

sparkling water

Posted 9:40 am, 11/17/2021

No matter the cost, many Tyson products still taste like Rattlesnake, Frog, Alligator and Turtle:

https://www.thedailymeal.co...-chicken-0

GoNC

Posted 9:26 am, 11/17/2021

I removed a few posts that were off topic and/or trolling.

CONRAD

Posted 6:23 pm, 11/16/2021

One might say Tyson is creating inflation.

JustKnow

Posted 6:15 pm, 11/16/2021

Anti, your last sentence knocks it out of the park. It is all just corporations trying to gain back what they perceive they lost last year. No different than when EXXON was turning record profits during the "Great Recession."

JustKnow

Posted 5:11 pm, 11/16/2021

I thought they were going to lose all their workforce due to a vaccine mandate....that never happened? Huh, weird.

Acumen

Posted 5:10 pm, 11/16/2021

Tyson produces 20% of the market in meat products. We have to have food and Tyson knows it. Tyson actually lost 4% of their individual sales but because of higher prices increased profits by over 30%. Tyson makes more money while 4% of our citizens do with out.

antithesis

Posted 4:44 pm, 11/16/2021

[Tyson] reported a double-digit jump in sales and earnings in the fiscal fourth-quarter ended Oct. 2, including a record quarter in its beef segment despite a 20% surge in cattle prices.

Tyson shares were up around 4% in midmorning trading.


They raised the price of chicken by 19%, beef by 33%, and pork by 38% during the fourth quarter, and sales still grew by 20%. They had a drop in volume of 4%, though.

So overall their sales went up, their profits went up, and their stock went up. They sold $12.81 billion in the 4th quarter, and profited $1.15 billion from it.

But they still announced today that they plan to raise prices again, citing inflation as a reason.

Can someone explain that one to me?

They didn't increase salaries, they're not paying growers more, and they're not paying more for their property. Sales were up and profits were up, so it's not that they're trying to offset a decreased demand. And while supply was down, it was only by 4% so they're not trying to offset a decreased supply.

How were they affected by inflation?

It feels a lot more like they're taking advantage of the inflation to increase their profits...
Joines & James, Attorneys at Law
Joines & James, Attorneys at Law PLLC. 336 838-2701
Hugh Chatham Health - Women's Center
Same and next-day appointments available. Now accepting new patients!
Matt Davis | Realtor
Whether Buyer or Selling Real Estate, I Can Help ! Feel Free To Call Or Text Me At Anytime For A Free Home Analysis. 336.957.1229