Tyson Foods Inc. TSN, +2.40% the producer of processed meats, will recall nearly 12 million pounds of frozen, ready-to-eat chicken strip products due to metal contamination concerns, the U.S. Department of Agriculture said over the weekend. The recall was expanded from a recall of 70,000 pounds of chicken strips announced by the company in March.
It’s not an uncommon issue. CTI Foods, a privately-held company, said last December it would recall almost 30,000 pounds of Jimmy Dean sausage links after five consumers said they found metal particles. R.L. Zeigler Co. said in January it would recall 11,664 pounds of ready-to-eat poultry and meat sausage products that may be contaminated with extraneous materials — specifically metal.
Earlier this week, Tyson also reported fiscal second-quarter net income of $426 million, or $1.17 per share, up from $315.0 million, or 85 cents per share, last year. Tyson shares are up 47.7% so far in 2019. The Dow Jones Industrial Index DJIA, +0.44% was up 10.7% year-to-date and the S&P 500 SPX, +0.37% was up 14.4% over the same period.
Source: News Formal (newsformal.com)
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