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Tyson releases 4th-quarter earnings report, announces purchase of prepared-foods firm

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Tyson Foods Inc. on Monday reported higher earnings across all business segments compared to fourth quarter results a year ago, prepping the food giant for growth into fiscal 2018, company officials said.

Tyson Foods reported $10.14 billion in sales for the quarter, up from $9.16 billion a year ago. Profit rose less than 1 percent to $395 million, or $1.07 a share, up from $392 million, or $1.03 a share, a year ago.

The Springdale-based company also announced the purchase of Original Philly Holdings Inc., which Tyson said would strengthen its prepared foods business next year.

Read Tuesday's Arkansas Democrat-Gazette for full details.


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