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Tyson Proving It Doesn’t Need Vegan Burgers to Make Big Bucks

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Photographer: Sandy Huffaker/Bloomberg

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Tyson Foods Inc. is raking it in on a tried-and-true staple: old-fashioned burgers and steaks made of actual beef.

The top U.S. meat producer made a notable exit from Beyond Meat Inc.’s shareholder register right before the start-up’s stellar initial public offering in May. Soon after, Tyson announced its own faux-meat products, which are starting to flow into retail stores. But the Springdale, Arkansas-based company posted record sales and beat earnings expectations in its third quarter largely because Americans are gobbling up beef.