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BIGGIES turn Profits..........

Mike

Well-known member
Some Of Industry's Biggest Customers Turning Profits


The latest quarterly reports are out and they brought generally good news for the beef industry. Burger King beat expectations with 25¢/share earnings in the last quarter -- the improved results attributed to increased burger sales fueled by three new burger offerings.

Tyson also beat Wall Street expectations with numbers that almost doubled expected earnings -- 19¢/share vs. expectations of 11¢. Beef was a huge part of that, posting a $24-million profit, compared to a $188-million loss last year.

On a related note, with most of the packers showing drastically improved results, it just highlights Swift's continued woes from a profitability standpoint. Rampant rumors continue that a Swift sale is imminent.
-- Troy Marshall
 
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