Tyson’s sales tumble amid meat safety fears

[LeftyMom]

http://www.foodanddrinkeurope.com/news/ng.asp?n=67224-tyson-beef-bse

21/04/2006 - Tyson Foods revealed Wednesday that plummeting demand for beef and chicken has impacted sales, as international BSE, arsenic and avian flu scares dent consumer confidence.

America's largest meat producer has reduced its yearly profit forecast, indicating weaker than expected operating performance and sluggish earnings.

...


With sales of over $26bn (€21bn), Tyson is the world's largest protein processor with operations in beef, chicken and pork, as well as branded packaged foods.

But while US beef exports to Japan and South Korea remain restricted due to fears of BSE contamination, and domestic consumers are shying away from chicken following bird flu media hype, the outlook remains bleak for the food processor.

(continued at the link)

[HysteryDiagnosis]

1. There is no tofu flu. Something to

think about.

[Nickster]

3. Just had some a little earlier. Never thought I'd enjoy tofu at all. n/t

[Nickster]

4. Self Delete

[napi21]

2. Must be a regional thing. My husband is a meat cutter for a major SE

supermarket chain, and there's been no decline in sales. Some have stopped buying tenderloins because of the price, but nobody around here is shying away from meats.

[Kali]

5. link doesn't work?

[LeftyMom]

6. It's working for me.

LMK if you can't get it to load, I'd be happy to PM you the full text.

[Kali]

7. ok got it

no stats on what is causing what, but plenty of speculation.

Are sales really down or just predictions on future profits by one company? and are they down because of the SCARY items brought up by the author or are they down because of a glut in the market?

Interesting how the headline implies Tyson is saying slump is because of bse, bird flu, arsenic and yet they only seem to be blaming a glut.

Sounds like a LOT of wishfull thinking about consumers by the author.

[flvegan]

8. They're also largely dealing in a way oversaturated market.

Double whammy. Sorry, Tyson. Karma, baby...http://www.torturedbytyson.com/

[NorthernSun]

9. No taste

Their chicken has no taste and their seafood isn't much better. If the market is saturated why is steak $10 per pound?

[sandnsea]

10. Not to mention we're broke n/t