Tyson Foods believes it can expect a “much better year” in 2010 after posting only its second annual loss in 15 years.
The protein giant reported an after-tax loss of $537 for the year to September 27 compared with earnings of $86 mln a year before, reports Agri Money.
Sales slipped $158 mln to $26.7 bln, despite an extra week in the group’s financial year.
However, Tyson said it had ended the year on a high, with all four divisions running at an operating profit in the fourth quarter.
Source: Agri Money