Consumer
Tyson Foods to Shut More US Chicken Plants After Profit Drop
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Tyson Foods Inc. will shut down four additional chicken facilities after fiscal third-quarter sales trailed even the lowest of analyst estimates. The company’s shares dropped the most since May.
Production from the facilities, which are based in Arkansas, Indiana and Missouri, will be moved to other locations as the meat supplier seeks to boost capacity utilization and reduce costs, according to Chief Financial Officer John R. Tyson. Tyson declined to provide details on the number of jobs impacted by the closures.