FOOD
- Share via
* Tyson Foods Inc. said depressed chicken prices cut its fiscal first-quarter profit 53%--to $27 million, or 12 cents a share--and probably will mean lower-than-expected earnings for its second quarter. Revenue declined 2% to $1.74 billion. Separately, Tyson said it cleared a regulatory hurdle after a Justice Department review of its planned acquisition of IBP Inc. expired without additional action. Tyson wants to buy the beef and pork producer to expand beyond poultry.
More to Read
Inside the business of entertainment
The Wide Shot brings you news, analysis and insights on everything from streaming wars to production — and what it all means for the future.
You may occasionally receive promotional content from the Los Angeles Times.