Tyson Foods Stock Price, News & Analysis

Tyson Foods has appointed Donnie King as president of its poultry business, effective September 3, 2020. With over 35 years of experience in the poultry sector, King will guide Tyson's chicken operations alongside Chad Martin, the new COO of poultry. CEO Dean Banks expressed confidence in King's leadership to drive strategic growth in the chicken segment. King has a long history with Tyson, having held various executive positions, and aims to ensure safety and efficiency while addressing customer needs.

Tyson Foods (NYSE: TSN) is partnering with Marathon Health to pilot seven health clinics near its production facilities, aiming to enhance workforce health and wellness. The clinics will provide primary and preventive care, including behavioral health counseling, at no cost for most employees and their families. This initiative expands Tyson's existing health services and promotes a culture of health among its nearly 38,000 team members. The clinics, starting in early 2021, will facilitate better access to healthcare, addressing underutilization of health benefits among employees.

Tyson Foods is responding to Hurricane Laura by providing over one million meals, ice, and supplies to those affected in the Gulf region. The initiative includes deploying more than 250,000 pounds of product and coordinating with disaster relief partners. The company’s Meals that Matter® program can distribute over 100,000 meals daily. Tyson's collaborative effort underscores its commitment to community support during crises, backed by the dedication of its team members and partners.

Tyson Foods (NYSE: TSN) will present at the Barclays Global Consumer Staples Conference on September 9, 2020, at 12 p.m. EDT. Dean Banks, President, and Stewart Glendinning, CFO, will represent the company. The presentation will be available via webcast on their investor relations website. Founded in 1935, Tyson Foods is a leader in protein with a diverse portfolio of brands, including Tyson, Jimmy Dean, and Hillshire Farm. The company is committed to innovation, sustainability, and integrity, employing about 141,000 team members and serving communities globally.

Tyson Foods has partnered with Feed the Children to tackle rising food insecurity, especially among families with children under 12. A Brookings Institution study reports that food insecurity has surged by 130% since 2018. In response, Tyson is donating 2.5 million pounds of food, marking its largest single product donation in 2020. Since March, Tyson has donated over 20 million pounds of protein. This initiative aims to support families affected by the COVID-19 pandemic, emphasizing the need to provide nutritious food in these challenging times.

On August 6, 2020, Tyson Foods declared a quarterly dividend of $0.42 per share on Class A common stock and $0.378 on Class B common stock, payable on December 15, 2020, to shareholders of record by the close of business on December 1, 2020. Tyson Foods, one of the largest food companies globally, continues to innovate in protein sustainability and product portfolio diversity, which includes well-known brands like Tyson®, Jimmy Dean®, and Hillshire Farm®.

Tyson Foods (TSN) reported its Q3 2020 results, revealing a sales decline of 10.6% to $10.022 billion, with operating income of $775 million. Net income fell 22% year-over-year to $527 million, resulting in a GAAP EPS of $1.44. COVID-19 expenses of $340 million impacted performance. Despite short-term challenges, the company sees strength in its Beef and Pork segments. Liquidity remains strong at $3.1 billion, and the outlook for fiscal 2021 is cautiously optimistic with projected production increases of 1% to 3%.

Tyson Foods (NYSE: TSN) has launched a comprehensive COVID-19 monitoring program aimed at protecting its workforce. Developed with medical experts, the strategy involves weekly testing of employees, including asymptomatic individuals. The company has tested nearly a third of its 120,000 U.S. workforce, with less than 1% currently positive for the virus. To further support this initiative, Tyson is adding nearly 200 new health staff, including a chief medical officer. This approach aligns with CDC guidelines and emphasizes the company’s commitment to employee safety amidst the ongoing pandemic.

Tyson Foods (NYSE: TSN) will conduct its fiscal Q3 2020 earnings call on August 3 at 9 a.m. Eastern. Participants can pre-register for immediate access via a provided link, or dial in using specified phone numbers. A replay of the call will be available until September 3. Tyson Foods is a leading global protein producer with a wide range of brands and a commitment to sustainable practices. The company was founded in 1935 and employs approximately 141,000 people.