Meat demand is still going strong despite soaring inflation, according to second-quarter results from Tyson Foods Inc.
The biggest U.S. meat company by sales said a pick up in beef and chicken volumes boosted returns, and it 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.
