Home > Uncategorized > Tyson’s Beef Sales Go Down

Tyson’s Beef Sales Go Down

http://www.theglobeandmail.com/globe-investor/tyson-foods-posts-loss-on-charge-in-beef-business/article1374467/?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+TheGlobeAndMail-Front+%28The+Globe+and+Mail+-+Latest+News%29

Recently, the amount of beef that was sold by Tyson has declined. The company suffered loss in the forth quarter. However, overall chicken sales have increased for the past two quarters. Tyson lost $1.22 a share compared to a $.13 loss last year. They believe that chicken sales will continue to increase.

The reason for which the company believes that these have been the results is that in the current state of the economy people tend to eat chicken rather than beef because it is cheaper. The problem is that overall profits still will decrease for the company because of this same reason. This is then reflected in the worth of stock. Therefore, the results of the lack of overall money trickles down the line until it once again reflects on the customers.

The major ethical issues in this is the economy. It is an ongoing problem in our economy that needs to be solved.

Advertisements
Categories: Uncategorized
  1. No comments yet.
  1. No trackbacks yet.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

%d bloggers like this: