Financial Times FT.com

Tyson returns to profitability

By Hal Weitzman in Chicago

Published: August 3 2009 15:30 | Last updated: August 3 2009 22:35

Tyson Foods, the world’s biggest meat producer, surprised investors on Monday by announcing quarterly results far ahead of Wall Street’s expectations, returning to profitability even as American consumers continue to trim their food-buying habits.

However, the company cautioned that US demand for meat had not bounced back, and warned that the next three months were likely to be more difficult.

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