Welcome to our dedicated page for Tyson Foods news (Ticker: TSN), a resource for investors and traders seeking the latest updates and insights on Tyson Foods stock.
Tyson Foods, Inc. (NYSE: TSN) is a global leader in the production and marketing of chicken, beef, pork, and prepared foods. Founded in 1935 by John W. Tyson, the company has grown under four generations of family leadership to become a major player in the protein industry.
Tyson's core business is divided into distinct segments: chicken, beef, pork, and prepared foods. Chicken and beef each account for about one-third of U.S. sales, while prepared foods make up roughly 20%. The company boasts a broad portfolio of well-known brands, including Tyson, Jimmy Dean, Hillshire Farm, Ball Park, and Sara Lee.
In recent years, Tyson has expanded its footprint through strategic acquisitions, focusing on international and food-service markets. Despite fierce competition in many of its product categories, Tyson continues to innovate and invest in new facilities, such as the state-of-the-art plant in Bowling Green, Kentucky. This 400,000-square-foot facility produces premium quality bacon, supporting Tyson's leading position in the bacon category and creating nearly 450 new jobs in the local community.
Financially, Tyson Foods has shown resilience and adaptability. For fiscal 2024, the company projects total adjusted operating income of $1.4 billion to $1.8 billion, with significant contributions from its chicken and prepared foods segments. Capital expenditures are expected to range between $1.2 billion and $1.4 billion, underscoring Tyson's commitment to innovation and operational excellence.
Tyson is also dedicated to sustainability and corporate responsibility, partnering with educational institutions to offer technical training and enhance workforce skills. The company aims to become the most sought-after place to work by providing competitive pay, benefits, and a safe working environment.
For investors, Tyson Foods represents a robust investment opportunity, combining a strong market presence, continuous innovation, and a commitment to sustainability and operational excellence.
Tyson Foods (NYSE: TSN) has appointed Curt Calaway as its new Chief Financial Officer, effective immediately. Calaway, who has been with the company since 2006, was previously serving as interim CFO. With nearly 30 years of experience in finance, audit, and accounting, Calaway has held various leadership roles at Tyson Foods, including CFO of the Prepared Foods Business Unit and Senior Vice President of Finance and Treasurer.
Calaway will report directly to Donnie King, President and CEO of Tyson Foods. He succeeds John R. Tyson, who remains with the company but is currently on health-related leave. King expressed confidence in Calaway's ability to drive operational excellence and shareholder value, citing his deep industry knowledge and extensive experience in financial strategy and reporting.
Tyson Foods (NYSE: TSN) has announced its participation in the Barclays Global Consumer Staples Conference in Boston on September 5th, 2024. The event will feature a fireside chat with Curt Calaway, interim CFO, and Brady Stewart, Group President Beef, Pork & Chief Supply Chain Officer, starting at approximately 12:45 p.m. Eastern Time.
Investors and interested parties can access a live audio webcast of the discussion through Tyson Foods' investor relations website at http://ir.tyson.com. The same platform will also provide access to the webcast replay and additional information about the event.
Tyson Foods (NYSE: TSN) has announced a quarterly dividend following a Board of Directors meeting on August 8, 2024.
Shareholders of Class A common stock will receive $0.49 per share, while Class B stockholders will get $0.441 per share. The dividend will be payable on December 13, 2024, to all shareholders of record as of November 29, 2024.
Yum China Holdings, Inc. (NYSE: YUMC and HKEX: 9987) announced significant leadership changes. Andy Yeung will step down as CFO on September 30, 2024, transitioning to a Senior Advisor role until February 28, 2025. Adrian Ding, current Chief Investment Officer, will become Acting CFO effective October 1, 2024.
The company also appointed Mikel A. Durham to its Board of Directors, effective August 12, 2024, expanding the board to 12 members. Durham brings extensive food industry experience, having served as CEO of American Seafoods Group and held executive positions at PepsiCo, Cadbury Schweppes, and Diageo.
These changes aim to support Yum China's growth strategy and enhance its leadership team as the company continues to execute its RGM 2.0 strategy focusing on Resilience, Growth, and Moat.
Tyson Foods (NYSE: TSN) reported strong Q3 2024 results, showing significant year-over-year improvement. Key highlights include:
- Sales of $13,353 million, up 1.6% from prior year
- GAAP operating income of $341 million, up $691 million
- Adjusted operating income of $491 million, up 174%
- GAAP EPS of $0.54, up $1.72
- Adjusted EPS of $0.87, up 480%
- Total Company adjusted operating margin of 3.7%
For the first nine months, Tyson reported sales of $39,744 million (up 0.5%) and adjusted operating income of $1,308 million (up 88%). The company's CEO, Donnie King, attributed the positive turnaround to disciplined actions and focus on fundamentals.
Tyson Ventures, the venture capital arm of Tyson Foods (NYSE: TSN), hosted its third annual Tyson Demo Day 2024, focusing on supply chain innovations. Twelve companies from seven U.S. states, Canada, and the UK pitched their solutions to Tyson Foods leaders. The event aimed to position Tyson as a strategic partner for innovators working towards a better food system.
Five startups were selected for further discussions: Acoustic Extra Freezing (food preservation technology), JLE Truckwash (fleet cleaning solutions), Orderful (EDI platform), Pactum AI (AI-driven supplier negotiations), and SnoFox (industrial refrigeration optimization). These companies offer solutions ranging from software and AI to cold chain management and fleet services.
Tyson Foods (NYSE: TSN) has agreed to sell its Vienna, Georgia poultry complex to House of Raeford Farms as of July 9, 2024. This move aligns with Tyson's strategy to optimize its plant network. Tyson will maintain its customer orders through other facilities. House of Raeford Farms plans to continue operations at the complex with the current workforce and grower network. The sale is pending customary closing conditions, including U.S. regulatory approval.
Tyson Foods (NYSE: TSN) will release its third-quarter 2024 financial results on Monday, August 5, 2024. The company will host a conference call and webcast at 9:00 a.m. Eastern Time (8:00 a.m. Central Time) to discuss these results. A press release and supplemental materials will be issued before the market opens on that day.
Investors can access the webcast via the Tyson Investor Relations website. For an audio-only experience, participants can dial in toll-free at 1-844-890-1795 or internationally at 1-412-717-9589. A replay of the webcast and slides will be available on the Investor Relations website, and a telephone replay will be accessible until September 5, 2024, using the replay access code 5696640.
Tyson Foods (NYSE: TSN) has appointed Maria N. Martinez as a new independent director, effective June 10, 2024. Martinez, a former Cisco Systems executive, brings extensive experience in operations and digital transformation. She has held roles at Salesforce, Microsoft, Motorola, and AT&T’s Bell Labs. Martinez is currently on the boards of McKesson and the Computer History Museum. She will serve on Tyson's Governance and Nominating Committee and the Strategy and Acquisitions Committee. Her appointment increases Tyson Foods' board to 15 members, with 11 being independent.
Tyson Foods announced a quarterly dividend for Class A and Class B common stock, with $0.49 and $0.441 per share respectively, payable on September 13, 2024. The dividend was declared by the Board of Directors on May 9, 2024, to shareholders of record on August 30, 2024.
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