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Tyson Foods, Inc. (NYSE: TSN) is a global leader in the production and marketing of chicken, beef, pork, and prepared foods. Founded in 1935 by John W. Tyson, the company has grown under four generations of family leadership to become a major player in the protein industry.
Tyson's core business is divided into distinct segments: chicken, beef, pork, and prepared foods. Chicken and beef each account for about one-third of U.S. sales, while prepared foods make up roughly 20%. The company boasts a broad portfolio of well-known brands, including Tyson, Jimmy Dean, Hillshire Farm, Ball Park, and Sara Lee.
In recent years, Tyson has expanded its footprint through strategic acquisitions, focusing on international and food-service markets. Despite fierce competition in many of its product categories, Tyson continues to innovate and invest in new facilities, such as the state-of-the-art plant in Bowling Green, Kentucky. This 400,000-square-foot facility produces premium quality bacon, supporting Tyson's leading position in the bacon category and creating nearly 450 new jobs in the local community.
Financially, Tyson Foods has shown resilience and adaptability. For fiscal 2024, the company projects total adjusted operating income of $1.4 billion to $1.8 billion, with significant contributions from its chicken and prepared foods segments. Capital expenditures are expected to range between $1.2 billion and $1.4 billion, underscoring Tyson's commitment to innovation and operational excellence.
Tyson is also dedicated to sustainability and corporate responsibility, partnering with educational institutions to offer technical training and enhance workforce skills. The company aims to become the most sought-after place to work by providing competitive pay, benefits, and a safe working environment.
For investors, Tyson Foods represents a robust investment opportunity, combining a strong market presence, continuous innovation, and a commitment to sustainability and operational excellence.
Tyson Foods, Inc. (NYSE: TSN) will host its fiscal 2021 third quarter earnings call on August 9, 2021, at 9 a.m. ET. A press release detailing the results will be issued earlier that day. Interested participants can pre-register for the call or dial in for live access. A replay of the call will be available through September 8, 2021. Tyson Foods, founded in 1935, is a leading global food company specializing in protein, with over 139,000 employees and a commitment to sustainable practices and community engagement.
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.
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.
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