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...Tyson Foods is feeling the squeeze acutely. Operating margins at its beef business, its largest unit, was a negative 6.4 per cent for the fiscal fourth quarter that ended on September 30....
...(Ethan Wu) Food (stock) poisoning Food stocks returns have been disgusting this year. It is hard to find a subsector of the market that has done worse....
...If you know, enlighten us: robert.armstrong@ft.com and ethan.wu@ft.com....
...Last week, a verdict was passed down in the case of Walkers Snack Foods Ltd v Commissioners for His Majesty’s Revenue and Customs, with first-tier tribunal judges Anne Fairpo and Sonia Gable ruling against...
...So I had a quick look through food company earnings calls in recent days, and the result was unequivocal: Tyson is an outlier....
...If you have the long pharma/short junk food pair trade on, email us: robert.armstrong@ft.com and ethan.wu@ft.com....
...Meanwhile, send us your fast food preferences (but if you think KFC is better than Popeye’s you can just cancel your subscription): robert.armstrong@ft.com and ethan.wu@ft.com....
...Inflation excluding fresh food and energy sat at 3.8 per cent in April, a four-decade high....
...Shares in Tyson Foods are close to their lowest ever level and JBS has more than halved in value over the past year....
...Tyson Foods’ revenues in the year just ended were up 13 per cent to $53.3bn, but net income rose just 6 per cent to $3.3bn....
...(Armstrong & Wu) One good read How protectionist are the US’s new industrial subsidies? In the grand scheme of things, not very, writes Michael Pettis....
...Ethan Wu Yeah....
...Tyson Foods O: 9; L: 7; I: 6; Total: 22 When Tyson Foods’ executives imposed a Covid vaccine mandate on staff, its legal team worked on a policy to accommodate exemptions on religious and medical grounds...
...Tyson Foods has given its shareholders plenty to cluck about. The US meat producer has managed to stave off inflationary pressures and labour woes....
...Tu, who has been at Tyson since 2017, is an entrepreneurial thinker whose experience includes a stint as president of Tyson Ventures — an investment unit that funds disruptive food technology companies,...
...Its much-vaunted food delivery business is little different: charge for delivery, pay most of that to drivers and restaurants, and take a cut....
...We’re keen to hear your thoughts, too: robert.armstrong@ft.com and ethan.wu@ft.com....
...Email us: robert.armstrong@ft.com & ethan.wu@ft.com. Inflation, cooler, but mostly the same The stock market doesn’t rise 6 per cent in a day for no reason....
...Speaking of which, $32bn Tyson Foods — America’s largest producer of chicken, pork and beef — announced its first-quarter results before the bell Monday morning. And they were blow out....
...Foods CFO pleads guilty to public intoxication, trespassing charges (Wall Street Journal)...
...(Ethan Wu) One good read Think China is uninvestable? “My answer to these people is: ‘You guys have to do better research.’”...
...Soon I was being shown to my trailer and offered free food. Briefly I was talent, even if I only had two lines. I’m sure the glamour wears off quickly....
...A version of this article was first published by Nikkei Asia on November 21 2022. ©2022 Nikkei Inc. All rights reserved....
...When Korean television drama Dae Jang Geum aired in Thailand in 2005, demand for Korean food boomed in the country....
...Related Links:Tyson loves inflation — FT Alphaville...
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