Tyson Foods Says It Is Sharply Raising Prices T

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Tyson Foods sharply raised prices on beef, chicken, and pork, pulling its profits and sales above estimates in the most recent quarter.

The Arkansas-based meat giant—which produces around 20 percent of all U.S. beef chicken, and pork—said it had lifted prices across all of its major business units.

“Inflation has clearly had an impact on the business,” chief executive Donnie King said on Monday. “Our commercial teams have successfully pursued inflation justified pricing, delivering top-line growth for the business to offset the cost increases. As rates of inflation continue, so will our pricing actions.”

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