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Tyson forecasts another year of sales growth

Tyson Foods is forecasting another financial year of rising sales after reporting top-line growth for the 12 months just ended. The US meat titan expects its net sales to rise 2-4% in its new financial year, which started on 28 September. In the year just completed, the Hillshire Farm owner generated sales of 54.44bn,up2.154.44bn, up 2.1% on the year before. Sales rose 3.3% excluding the impact of a 653m increase in “legal contingency accruals”, which Tyson recognised as a reduction to sales. Operating income fel ...