Tyson Foods - TSN STOCK NEWS

Tyson Foods has initiated a groundbreaking event for a new childcare facility at its Humboldt, Tennessee poultry processing plant, investing $3.5 million. The Tyson Tykes facility, set to open in 2023, aims to provide affordable childcare for up to 100 children under five, supporting local team members. Operated by KinderCare, this initiative addresses pressing childcare needs as part of Tyson's commitment to becoming a preferred employer. Additionally, a study highlights that early childhood education can lead to better outcomes for children, aligning with Tyson's workforce support goals.

Tyson Foods has committed over $1 million to support its immigrant team members across the U.S. The Tyson Immigration Partnership (TIP) aims to provide legal services and facilitate U.S. citizenship for its employees. Initially serving seven locations, the program will expand to 40 across 14 states. With average hourly pay exceeding $18 and total compensation over $24 an hour, Tyson invests significantly in its workers, including over $500 million in wage increases and bonuses in the past year. This initiative supports over 500 team members seeking citizenship.

Tyson Foods (NYSE: TSN) will release its second quarter 2022 financial results on May 9, 2022. A conference call and webcast will be held at 9:00 a.m. ET. Investors can access the webcast on the Tyson Investor Relations website, and an audio-only option is also available by calling designated numbers. For those unable to attend, a replay of the webcast and audio will be accessible post-call. Tyson Foods, a global leader in protein, employs approximately 137,000 team members and has a diverse product portfolio including well-known brands such as Tyson and Jimmy Dean.

Tyson Foods (NYSE: TSN) announced its participation in the Consumer Analyst Group of New York conference on February 23, 2022, at 12:50 pm CST. The presentation will feature Donnie King, President and CEO, along with Stewart Glendinning, EVP & CFO. A webcast of the pre-recorded presentation and slides will be available on Tyson's investor relations website following the event.

Founded in 1935, Tyson Foods is a leading global food company with a diverse portfolio of protein brands and a commitment to sustainable food production.

Tyson Foods (NYSE: TSN) announced a quarterly dividend of $0.46 per share for Class A common stock and $0.414 per share for Class B common stock, declared on February 9, 2022. The dividend is payable on June 15, 2022, to shareholders recorded by the close of business on June 1, 2022. Founded in 1935, Tyson Foods is a leading global protein company with numerous established brands. The firm emphasizes sustainable food innovation and values integrity and community within its operations.

On February 10, 2022, Tyson Foods (NYSE: TSN) held its annual shareholder meeting, where a diverse board of directors was elected. Among the 13 directors, four are women and three are ethnically diverse. Chairman John H. Tyson was reelected, along with several other board members, including Donnie King, the company's CEO. Shareholders also ratified PricewaterhouseCoopers LLP as the independent accounting firm for the 2022 fiscal year and voted against a proposal to report on sustainable packaging efforts.

Tyson Foods (TSN) reported impressive first-quarter results for 2022, driven by robust consumer demand. Sales surged to $12.93 billion, a 19.6% increase from $10.46 billion in Q1 2021. Operating income more than doubled to $1.46 billion, while net income rose to $1.12 billion, achieving a 140% year-over-year increase in GAAP EPS to $3.07. Segment performance varied, with beef and chicken demonstrating strong sales despite challenges. The company aims for $1 billion in productivity savings by 2024 and expects liquidity to remain above $1 billion throughout 2022.

Tyson Foods has broken ground on a new $355 million bacon production facility in Bowling Green, Kentucky, set to create 450 jobs by late 2023. This facility aims to meet the increasing consumer demand for popular brands like Wright® and Jimmy Dean®. The investment showcases Tyson's commitment to long-term growth and production efficiency, leveraging state-of-the-art robotics and automation. The new site is part of Tyson's broader strategy to enhance its operational footprint in Kentucky, where the company already employs over 3,900 people, contributing significantly to the local economy.