Tyson Foods Closes Four More Chicken Plants Amid Falling Demand and Rising Costs

Tyson Foods is closing four more chicken plants in Arkansas, Indiana and Missouri to cut costs, shifting production to other facilities.
The company previously closed two other chicken plants this year as profits declined due to falling chicken prices and slowing demand.
In Q3, Tyson reported a $417 million loss on revenue of $13.14 billion, which missed expectations due to lower chicken, pork and beef prices.
Tyson says the plant closures will help achieve its target of $1 billion in productivity savings by end of 2024.
Despite challenges, Tyson still forecasts full-year revenue of $53 billion to $54 billion.