Tyson Foods Stock Price, News & Analysis

Tyson Foods has announced a strategic investment, acquiring a 49% stake in the poultry segment of Malayan Flour Mills Berhad (MFM), enhancing their supply flexibility in Malaysia. This partnership is crucial for increasing the availability of halal-certified poultry products in the region. Tyson aims to leverage MFM's expertise in poultry and its existing infrastructure to tap into Malaysia's growing halal market, projected to reach $147.4 billion by 2025. The agreement awaits shareholder approval from MFM.

Tyson Foods is launching Upward Pathways, a no-cost career development program for frontline team members. It will provide job skills training and workforce certifications, starting at ten plant locations, including Council Bluffs, Iowa. The program aims to uplift employees by offering a structured path for career advancement and will culminate in a Tyson-branded credential. This initiative builds upon the existing Upward Academy program, enhancing employee competencies in various areas such as digital fluency and soft skills.

Tyson Foods (NYSE: TSN) is piloting a new program with Matrix Medical Network to assess and verify COVID-19 safety measures at its plants. Over a dozen facilities are participating, with six already certified for safety. This certification program, developed alongside Cleveland Clinic, includes on-site assessments based on CDC and OSHA guidelines. Tyson invested $540 million in fiscal 2020 for facility upgrades and safety enhancements. The collaboration aims to establish a healthier workplace while continuing to provide vaccine education and access to its employees.

Tyson Foods, Inc. (NYSE: TSN) will host its fiscal 2021 Q1 earnings call on February 11, 2021, at 8 a.m. EST. The company will release its Q1 financial results earlier that day. Following the earnings call, the Annual Meeting of Shareholders will commence at 11 a.m. EST as a virtual event due to COVID-19 precautions. Shareholders can participate online, accessing materials with a control number. A replay of the earnings call and meeting will be available until March 15, 2021. Tyson Foods continues to lead in protein and innovate for sustainability.

Tyson Foods is partnering with Matrix Medical Network to enhance COVID-19 vaccine access for its U.S. team members. This initiative includes the deployment of mobile health clinics and clinical staff to facilitate vaccine education and administration. Tyson Foods has committed to ensuring all employees who desire a vaccine can receive one, further solidifying its dedication to employee health and safety.

Additionally, the company has invested over $540 million in protective measures and testing strategies, indicating a strong commitment to maintaining workplace safety during the pandemic.

Tyson Foods' Jimmy Dean brand has launched two new plant-based breakfast sandwiches to address the increasing demand for meat alternatives. The products include the Jimmy Dean Plant-Based Patty, Egg & Cheese Croissant Sandwich, available now, and the Jimmy Dean Delights Plant-Based Patty & Frittata Sandwich, set to launch this Spring. These offerings cater to the growing number of flexitarian diets, with retail sales of plant-based foods up 148% since March 2020. Both sandwiches aim to deliver the brand's signature taste while providing high protein content.

Tyson Foods (NYSE: TSN) has appointed Megan Britt as the new Vice President of Investor Relations, effective January 4. She will oversee investor communications, financial media relations, and online investor content. Britt has nearly 15 years of finance experience, previously serving as Vice President of Investor Relations at Corteva Agriscience and holding various director roles at DuPont. CFO Stewart Glendinning expressed confidence in Britt's ability to enhance investor relationships, aligning with the company’s goal for long-term growth.

Tyson Fresh Meats is temporarily halting production at its Columbus Junction, Iowa, pork plant due to a mechanical failure in the refrigeration system. The shutdown occurred on December 15, 2020, and is expected to last a few days while repairs are evaluated. All 1,100 employees will continue to receive guaranteed pay of 40 hours per week during this period. The company plans to shift production to other plants to minimize disruptions to livestock and product supplies.