Tyson Foods Stock Price, News & Analysis

Tyson Foods partners with Marathon Health to open seven "Bright Blue" health centers, enhancing healthcare access for employees and their families. The pilot aims to address health concerns among frontline workers, ensuring access to primary and preventive care at little to no cost. The first center opened on April 28 in Dyersburg, Tennessee, with further locations set for May and Summer 2021, serving nearly 38,000 team members. This initiative reflects Tyson's commitment to promoting employee wellness, backed by extensive investments in health services since 2020.

Tyson Foods' Raised & Rooted brand is expanding its plant-based product line with new burger patties, Bratwurst, Italian sausages, and ground options to cater to rising consumer demand. The new products, featuring pea protein and soy-free ingredients, offer 17g to 24g of protein per serving with 75% less saturated fat than traditional meat. Sales of plant-based proteins surged by 148% year-over-year, highlighting a shift towards healthier eating. The Raised & Rooted brand is now available in over 10,000 stores nationwide, priced between $4.99 and $7.99 per package.

Tyson Foods is investing $48 million in a project to expand its poultry operations at the Pine Bluff plant, which is set to create nearly 70 jobs upon completion in late 2021. This investment aims to enhance capacity for fully cooked chicken products, including tenders and wings, and to integrate automated processes. The facility, employing over 1,100 workers, has raised starting wages to at least $15 per hour and significantly contributes to Arkansas's economy, with an annual impact of $2.1 billion.

Tyson Foods has become the first beef processor to support U.S. CattleTrace, an initiative aimed at establishing a national infrastructure for animal disease traceability. This program is crucial for quick disease response and maintaining access to export markets in case of foreign animal diseases. Through the use of advanced ear tags, CattleTrace collects essential data to track cattle during outbreaks. Tyson's involvement is a significant step towards enhancing animal health and safeguarding the U.S. cattle supply chain amid rising concerns over disease management.

Tyson Foods is expanding its COVID-19 vaccination initiative by offering free, onsite vaccinations to family members of employees at select plants across the U.S. This program, one of the first of its kind, is now available at vaccination events in states including Indiana, Illinois, Oklahoma, Texas, and Virginia. Approximately 40,000 employees have been vaccinated at over 100 events. The initiative aims to promote public health and community safety, with support from the UFCW union.

Tyson Foods (NYSE: TSN) will conduct its fiscal 2021 second quarter earnings call on May 10, 2021, starting at 9 a.m. ET. A press release detailing the quarterly results will be issued earlier that day. Participants can pre-register for the call online to receive a unique passcode for immediate access. Those who miss the live event can access a replay of the webcast until June 10, 2021. Tyson Foods remains a leading global food company, with a commitment to sustainable protein production and strong corporate values.

Tyson Foods partners with Rx Savings Solutions to enhance prescription drug affordability for U.S. employees. The online tool, available to 120,000 team members, analyzes prescriptions to find cheaper alternatives, promoting cost-saving measures while ensuring access to necessary medications.

This initiative aligns with Tyson's commitment to employee wellbeing and includes additional health support such as a new Chief Medical Officer and upcoming health clinics.

Tyson Foods opens a new poultry complex in Humboldt, Tennessee, marking a historic $425 million investment, the largest corporate investment in Gibson County. The new facility spans 370,000 square feet and is set to employ over 1,500 workers by 2023. Production begins later this month, focusing on pre-packaged chicken for retail. The overall economic impact is projected at $150 million annually, boosting local agriculture. This represents Tyson's first new poultry facility in 25 years in the area.

Tyson Foods is expanding its case-ready meats business by repurposing an idle facility in Columbia, South Carolina. The company plans to invest approximately $42 million initially to transform the plant into a meat-cutting operation, producing retail-ready packages of beef and pork. This facility will employ 330 people and is expected to begin operations in May 2021. In total, Tyson anticipates investing $55 million over the next few years to enhance the facility, boosting its capacity to meet growing retail demand.