Tyson Foods - TSN STOCK NEWS

Tyson Foods announced that over 96% of its active workforce is now vaccinated against COVID-19, significantly increasing from the previous figure since the vaccine mandate announcement on August 3. The company set a deadline of November 1 for full vaccination, making it the largest U.S. food company to enforce such a requirement. This move aims to ensure the health and safety of its team members and has led to a notable decline in active COVID-19 cases company-wide. Tyson Foods continues to prioritize workforce safety while leaving the choice to remain unvaccinated to individual team members.

Tyson Foods, Inc. (NYSE: TSN) will hold its fiscal 2021 fourth quarter earnings call on November 15, 2021, at 9 a.m. Eastern time. A press release with financial results will be issued earlier that morning. Participants can pre-register for the call or dial in for live access. A replay of the webcast and slides will be available until December 15, 2021. Tyson Foods, recognized as a global leader in protein, emphasizes sustainability and innovation. With 139,000 employees, the company continues to focus on integrity and creating value for stakeholders. Visit TYSONFOODS.COM for more information.

Tyson Foods (NYSE:TSN) has launched a new kids snack line called Hillshire Farm SNACKED!, targeting the $1 billion refrigerated pre-packaged snack market. The product features a variety of protein-packed snack packs designed for children, responding to parents' demand for quality and convenience. Hillshire Farm SNACKED! includes flavors like pepperoni with cake bites and salami with pretzel rods. This initiative capitalizes on the growing trend of snacking among children, as over 76% of consumers snack daily, positioning Tyson to leverage its established protein brand trust.

Tyson Foods (NYSE: TSN) strongly disagrees with claims made by the Secretary of Agriculture regarding food inflation. The company cites a USDA report attributing rising beef prices to unprecedented market conditions, including the pandemic and labor shortages. Tyson emphasizes its commitment to independent farmers, stating it invests over $15 billion annually in rural communities. Furthermore, it stresses that industry consolidation is not responsible for higher consumer prices, and Tyson’s scale enables efficient operations that help keep costs down.

Tyson Foods (NYSE: TSN) announced enhancements to benefits for fully vaccinated U.S. team members, effective January 1, 2022. Employees can earn up to 20 hours of paid sick leave and receive one week of vacation after six months with the company. As part of a broader initiative, Tyson is offering $200 to vaccinated frontline workers and conducting on-site vaccination events. Over 90,000 employees, more than 75%, have received at least one vaccine dose. The United Food and Commercial Workers union supports the vaccination requirement, emphasizing worker safety amid the ongoing pandemic.

Tyson Foods plans to invest $300 million to establish a state-of-the-art fully-cooked plant in Danville, Virginia, creating nearly 400 jobs. This facility, expected to be operational by spring 2023, will focus on producing premium quality Tyson branded chicken products. The initiative aims to meet the rising consumer demand for protein and supports the company's growth strategy. Tyson has committed to purchasing 60 million pounds of Virginia-grown chicken over three years, highlighting its long-term investment in the region.

On August 12, 2021, Tyson Foods declared a quarterly dividend of $0.445 per share on Class A common stock and $0.4005 per share on Class B common stock. The dividends are payable on December 15, 2021, to shareholders of record by the close of business on December 1, 2021. Tyson Foods, headquartered in Springdale, Arkansas, is a leading global food company with a large portfolio of brands. The company focuses on sustainability and innovation in protein production.

Tyson Foods reported strong financial results for Q3 and the first nine months of 2021, with sales reaching $12.478 billion and $34.238 billion, representing a 24.5% and 7.9% increase year-over-year, respectively. Net income attributable to Tyson was $749 million for Q3, up 42% from the previous year. Adjusted EPS rose 93% to $2.70. The company anticipates sales around $46-$47 billion for fiscal 2021 and noted a $1 billion reduction in total debt. However, direct COVID-19 expenses impacted results, totaling approximately $270 million.

Tyson Foods (NYSE: TSN) announced a COVID-19 vaccination mandate for its U.S. office team members, requiring full vaccination by October 1, 2021, and for other team members by November 1, 2021. This initiative positions Tyson as the largest U.S. food company to enforce such a mandate. To support vaccination efforts, the company will provide $200 to frontline workers. Since February, Tyson has conducted over 100 vaccination events, with more than 56,000 team members vaccinated. The company has invested over $700 million in COVID-19-related safety measures.