Welcome to our dedicated page for Tyson Foods news (Ticker: TSN), a resource for investors and traders seeking the latest updates and insights on Tyson Foods stock.
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 partners with Rx Savings Solutions to enhance prescription drug affordability for U.S. employees. The online tool, available to 120,000 team members, analyzes prescriptions to find cheaper alternatives, promoting cost-saving measures while ensuring access to necessary medications.
This initiative aligns with Tyson's commitment to employee wellbeing and includes additional health support such as a new Chief Medical Officer and upcoming health clinics.
Tyson Foods opens a new poultry complex in Humboldt, Tennessee, marking a historic $425 million investment, the largest corporate investment in Gibson County. The new facility spans 370,000 square feet and is set to employ over 1,500 workers by 2023. Production begins later this month, focusing on pre-packaged chicken for retail. The overall economic impact is projected at $150 million annually, boosting local agriculture. This represents Tyson's first new poultry facility in 25 years in the area.
Tyson Foods is expanding its case-ready meats business by repurposing an idle facility in Columbia, South Carolina. The company plans to invest approximately $42 million initially to transform the plant into a meat-cutting operation, producing retail-ready packages of beef and pork. This facility will employ 330 people and is expected to begin operations in May 2021. In total, Tyson anticipates investing $55 million over the next few years to enhance the facility, boosting its capacity to meet growing retail demand.
Tyson Foods is expanding its free, on-site COVID-19 vaccinations for team members in Arkansas, covering 24,000 employees. From March 15 to April 2, the company will host 19 vaccination events in collaboration with local health providers. Over the past two weeks, 15,000 U.S. employees have received vaccinations at 30 events nationwide. Tyson is also compensating workers for up to four hours of pay if vaccinated outside their regular shifts, showing a commitment to employee health and safety amid ongoing COVID-19 challenges.
Tyson Foods (NYSE: TSN) will provide free on-site COVID-19 vaccinations to frontline team members in Arkansas, Kansas, and North Carolina, starting March 9, 2021. Over 20% of the company's workforce is based in Arkansas, where vaccination events are anticipated to reach many of its 24,000 employees. Tyson Foods has already vaccinated nearly 10,000 team members and continues enhancing health safety measures, having invested hundreds of millions in protective facilities. Additionally, workers will receive compensation for vaccination time outside of normal shifts.
Tyson Foods will provide free, onsite COVID-19 vaccinations to thousands of frontline employees at its Iowa facilities this week, collaborating with local health departments and partners such as Matrix Medical and Hy-Vee. Approximately 13,000 employees in Iowa are expected to participate in vaccination events across multiple locations. Tyson had previously vaccinated over 2,000 employees nationwide. The company is also compensating workers for vaccination time outside of normal shifts and has invested significantly in protective measures since 2020, resulting in a low incidence of COVID-19 among its U.S. team members.
Tyson Foods (NYSE: TSN) announced organizational changes aimed at enhancing operational agility and customer experience. The company is responding to rapidly evolving consumer preferences by restructuring its four business segments to improve innovation speed. Donnie King has been appointed Chief Operating Officer, tasked with driving operational excellence and simplifying decision-making processes. This initiative is part of Tyson's strategy to align resources with market demands, ensuring a timely response to customer needs.
Tyson Foods (NYSE: TSN) is incentivizing its frontline workers to get vaccinated against COVID-19 by offering up to four hours of regular pay for vaccinations taken off-site or outside regular shifts. The company is already providing free on-site vaccinations and expects about 1,000 workers in select states to be vaccinated this week. Tyson Foods is collaborating with Matrix Medical Network for vaccine education and continues to implement protective measures in its facilities. The incidence of COVID-19 among its U.S. team members remains low.
The Board of Directors of Tyson Foods has declared a quarterly dividend of $0.445 per share on Class A common stock and $0.4005 per share on Class B common stock. This dividend is payable on June 15, 2021, to shareholders of record as of June 1, 2021. Tyson Foods, one of the largest food companies globally, continues to focus on innovation and sustainability in its products while upholding its core values aimed at creating shareholder value and ensuring environmental stewardship.
On February 11, 2021, Maria Claudia Borras was elected to the board of directors of Tyson Foods (NYSE: TSN). Borras, currently executive vice president at Baker Hughes, brings over 25 years of experience in industrial manufacturing and services. Her expertise in leading complex operations and driving sustainable results is expected to enhance the board’s capabilities. Chairman John Tyson expressed confidence that Borras's international business experience will provide valuable insights. With this appointment, Tyson Foods aims to strengthen its leadership and commitment to sustainable food production.
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