HUTCHINSON, Kan. — Tyson continued a strong recovery from the pandemic as it released its second quarter earnings on Monday. The meat and poultry giant reported net income of $829 million compared with $476 million in 2021. Sales totaled $13.1 billion.
Sales volume for the prepared foods division decreased in the second quarter and first six months of fiscal 2022 due to lower production connected to a challenging labor and supply environment, uneven food service recovery and the divestiture of the company’s pet treats business. Operating income increased in the second quarter due to higher average sales prices, partially offset by the impacts of inflationary market conditions, including $210 million of increased raw materials and other input costs, increased supply chain costs and a challenging labor environment.
Tyson employs around 575 workers in its Hutchinson and South Hutchinson facilities.
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