Tyson Foods, Inc. reports developments in protein-focused food production, branded prepared foods, and public-company capital actions. The company sells chicken, beef, pork, and prepared foods, with brands including Tyson, Jimmy Dean, Hillshire Farm, Ball Park, Wright, State Fair, Aidells, and ibp.
Recurring updates include quarterly financial results, dividend declarations, management conference appearances, branded product introductions, consumer and sports partnerships, and financing activity. Company news also reflects segment and brand performance across chicken, beef, pork, prepared foods, and international operations.
Tyson Foods is recalling approximately 8.5 million pounds of frozen, fully cooked chicken products as a precaution due to possible exposure to Listeria monocytogenes. The affected products, manufactured between December 26, 2020, and April 13, 2021, at their Dexter, Missouri facility, were distributed nationwide and in Puerto Rico. No conclusive evidence of contamination exists at the time of shipment. Tyson emphasizes its commitment to food safety, and consumers can find detailed product information and a retail distribution list on the USDA's website.
Soft Robotics has announced a successful $10M Series B extension to expand its commercial operations in response to the increased demand due to the COVID-19 pandemic. This funding focuses on launching their SoftAI™ powered robotic solutions, integrating 3D vision and AI for automation of bulk picking processes in the food supply chain. The round saw participation from Tyson Ventures, alongside other notable investors. Soft Robotics aims to leverage its patented technologies to enhance automation in food processing, as demand for their solutions has surged significantly.
Tyson Foods has launched new Plant Based Bites under its Raised & Rooted brand, available in Buffalo and Sweet Barbecue flavors. These bite-sized snacks aim to meet the growing demand for plant-based products, offering 8g of protein, 3g of fiber, and 33% less saturated fat than USDA white meat chicken nuggets. Priced at $4.99 per package, the bites are designed for easy preparation and consumption. This product expansion aligns with Tyson's strategy to provide tasty, healthier alternatives to traditional meat products.
Tyson Foods (NYSE: TSN) has announced its goal to achieve net-zero greenhouse gas (GHG) emissions by 2050 across its global operations and supply chain. Marking a significant milestone, it is the first U.S.-based protein company with an emissions reduction target validated by the Science Based Targets initiative (SBTi). To support this, Tyson plans to realign its baseline targets, utilize 50% renewable energy by 2030, and enhance sustainable practices, including expanded land stewardship. The company's FY2020 Sustainability Progress Report showcases its commitment to addressing climate change and enhancing transparency in operations.
Tyson Foods, along with partners Feed the Children and Americold, has launched an "Alliance to Defeat Hunger" initiative. This 10-city tour aims to supply almost 2 million meals to families facing food insecurity in rural areas across the U.S. Starting on June 8 in Springdale, Arkansas, the tour will distribute food and essentials to over 1,200 households per city. This initiative also includes setting up school pantries to support children and families during the summer months when school is not in session.
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Tyson Foods has appointed Donnie King as the new President and CEO, effective immediately, following the departure of Dean Banks for personal reasons. King brings over 36 years of experience in the protein industry and has held various leadership roles across the company. The board expressed confidence in King's leadership to continue executing the company's strategy and delivering results. Tyson Foods operates with a commitment to integrity and sustainability, employing around 139,000 team members and producing a broad range of food products.
Tyson Foods is launching its First Pride™ plant-based products in Malaysia, marking the company’s debut in the Asian market. This move targets the growing demand for alternative proteins, driven by a shift toward flexitarian diets. The line includes frozen bites, nuggets, and strips made from regional ingredients, priced at RM19.90 ($4.81). With APAC retail sales of meat substitutes projected to exceed $20 billion by 2025, Tyson aims to leverage its expertise in protein to offer diverse choices that cater to local consumer tastes.
The Board of Directors of Tyson Foods (NYSE: TSN) 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 September 15, 2021, for shareholders of record at the close of business on September 1, 2021. Tyson Foods, a leading protein company founded in 1935, operates with a commitment to sustainability and innovation across its extensive product portfolio.
Tyson Foods (NYSE: TSN) will participate in the 16th Annual BMO Global Farm to Market Conference on May 19, 2021. Key executives attending include Dean Banks, President & CEO; Donnie King, COO; and Stewart Glendinning, CFO. The fireside chat is scheduled to start at 8 AM ET and will last until approximately 8:40 AM ET. This discussion will be accessible live and available for replay on the company’s investor relations website. Tyson Foods is a leading protein provider, with a commitment to sustainable food innovation.