SPRINGDALE, Ark.—Tyson Foods has fallen behind competitors in the business it has long dominated: chicken.
Tyson Chief Executive Donnie King said he is committed to fixing the nation’s largest chicken operation, which produces roughly one-fifth of the U.S. supply. The effort now faces a test, as profits from Tyson’s beef business are projected to decline this year from record levels, while the company has committed millions of dollars to expand its chicken production.
