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) serves as a critical resource for stakeholders tracking developments in protein production and food processing markets. This centralized hub aggregates official press releases, financial disclosures, and operational updates from one of the world's largest meat producers.
Investors and industry professionals will find timely information on quarterly earnings, strategic acquisitions, and production innovations that shape Tyson's market position. The curated collection includes updates on supply chain initiatives, product launches, and sustainability efforts across chicken, beef, pork, and prepared food segments.
Regular updates provide insights into Tyson's operational strategies, including quality control advancements and global distribution networks. Users can monitor how the company navigates evolving consumer preferences and regulatory landscapes in the protein sector.
Bookmark this page for direct access to Tyson Foods' corporate communications, ensuring you stay informed about developments affecting one of the food industry's most significant players. Check back frequently for unfiltered updates straight from the source.
Tyson Foods (NYSE: TSN) has appointed Curt Calaway as its new Chief Financial Officer, effective immediately. Calaway, who has been with the company since 2006, was previously serving as interim CFO. With nearly 30 years of experience in finance, audit, and accounting, Calaway has held various leadership roles at Tyson Foods, including CFO of the Prepared Foods Business Unit and Senior Vice President of Finance and Treasurer.
Calaway will report directly to Donnie King, President and CEO of Tyson Foods. He succeeds John R. Tyson, who remains with the company but is currently on health-related leave. King expressed confidence in Calaway's ability to drive operational excellence and shareholder value, citing his deep industry knowledge and extensive experience in financial strategy and reporting.
Tyson Foods (NYSE: TSN) has announced its participation in the Barclays Global Consumer Staples Conference in Boston on September 5th, 2024. The event will feature a fireside chat with Curt Calaway, interim CFO, and Brady Stewart, Group President Beef, Pork & Chief Supply Chain Officer, starting at approximately 12:45 p.m. Eastern Time.
Investors and interested parties can access a live audio webcast of the discussion through Tyson Foods' investor relations website at http://ir.tyson.com. The same platform will also provide access to the webcast replay and additional information about the event.
Tyson Foods (NYSE: TSN) has announced a quarterly dividend following a Board of Directors meeting on August 8, 2024.
Shareholders of Class A common stock will receive $0.49 per share, while Class B stockholders will get $0.441 per share. The dividend will be payable on December 13, 2024, to all shareholders of record as of November 29, 2024.
Yum China Holdings, Inc. (NYSE: YUMC and HKEX: 9987) announced significant leadership changes. Andy Yeung will step down as CFO on September 30, 2024, transitioning to a Senior Advisor role until February 28, 2025. Adrian Ding, current Chief Investment Officer, will become Acting CFO effective October 1, 2024.
The company also appointed Mikel A. Durham to its Board of Directors, effective August 12, 2024, expanding the board to 12 members. Durham brings extensive food industry experience, having served as CEO of American Seafoods Group and held executive positions at PepsiCo, Cadbury Schweppes, and Diageo.
These changes aim to support Yum China's growth strategy and enhance its leadership team as the company continues to execute its RGM 2.0 strategy focusing on Resilience, Growth, and Moat.
Tyson Foods (NYSE: TSN) reported strong Q3 2024 results, showing significant year-over-year improvement. Key highlights include:
- Sales of $13,353 million, up 1.6% from prior year
- GAAP operating income of $341 million, up $691 million
- Adjusted operating income of $491 million, up 174%
- GAAP EPS of $0.54, up $1.72
- Adjusted EPS of $0.87, up 480%
- Total Company adjusted operating margin of 3.7%
For the first nine months, Tyson reported sales of $39,744 million (up 0.5%) and adjusted operating income of $1,308 million (up 88%). The company's CEO, Donnie King, attributed the positive turnaround to disciplined actions and focus on fundamentals.
Tyson Ventures, the venture capital arm of Tyson Foods (NYSE: TSN), hosted its third annual Tyson Demo Day 2024, focusing on supply chain innovations. Twelve companies from seven U.S. states, Canada, and the UK pitched their solutions to Tyson Foods leaders. The event aimed to position Tyson as a strategic partner for innovators working towards a better food system.
Five startups were selected for further discussions: Acoustic Extra Freezing (food preservation technology), JLE Truckwash (fleet cleaning solutions), Orderful (EDI platform), Pactum AI (AI-driven supplier negotiations), and SnoFox (industrial refrigeration optimization). These companies offer solutions ranging from software and AI to cold chain management and fleet services.
Tyson Foods (NYSE: TSN) has agreed to sell its Vienna, Georgia poultry complex to House of Raeford Farms as of July 9, 2024. This move aligns with Tyson's strategy to optimize its plant network. Tyson will maintain its customer orders through other facilities. House of Raeford Farms plans to continue operations at the complex with the current workforce and grower network. The sale is pending customary closing conditions, including U.S. regulatory approval.
Tyson Foods (NYSE: TSN) will release its third-quarter 2024 financial results on Monday, August 5, 2024. The company will host a conference call and webcast at 9:00 a.m. Eastern Time (8:00 a.m. Central Time) to discuss these results. A press release and supplemental materials will be issued before the market opens on that day.
Investors can access the webcast via the Tyson Investor Relations website. For an audio-only experience, participants can dial in toll-free at 1-844-890-1795 or internationally at 1-412-717-9589. A replay of the webcast and slides will be available on the Investor Relations website, and a telephone replay will be accessible until September 5, 2024, using the replay access code 5696640.
Tyson Foods (NYSE: TSN) has appointed Maria N. Martinez as a new independent director, effective June 10, 2024. Martinez, a former Cisco Systems executive, brings extensive experience in operations and digital transformation. She has held roles at Salesforce, Microsoft, Motorola, and AT&T’s Bell Labs. Martinez is currently on the boards of McKesson and the Computer History Museum. She will serve on Tyson's Governance and Nominating Committee and the Strategy and Acquisitions Committee. Her appointment increases Tyson Foods' board to 15 members, with 11 being independent.
Tyson Foods announced a quarterly dividend for Class A and Class B common stock, with $0.49 and $0.441 per share respectively, payable on September 13, 2024. The dividend was declared by the Board of Directors on May 9, 2024, to shareholders of record on August 30, 2024.
