HUTCHINSON, Kan. — Although numbers fell in some areas during the fourth quarter, Tyson still ended up in positive territory for the year, according to the latest numbers released by the poultry and prepared foods giant.
For the quarter, Tyson saw total earnings of $537 million, or $1.58 per share, compared with $394 million and $1.43 per share in 2017. For the year, the company reported profit of $3.02 billion, or $8.19 per share. Revenue was reported as $40.05 billion.
Tyson saw fourth quarter declines in several sectors, including prepared foods, which saw sales fall by nearly eight percent from $2.26 billion to $2.09 billion. For the year, prepared foods sales increased by 4.1 percent to $8.6 billion.
Tyson operates prepared foods facilities in Hutchinson and South Hutchinson.