Tyson Foods - TSN STOCK NEWS

Tyson Foods, Inc. (NYSE: TSN) will conduct its Annual Meeting of Shareholders on February 9, 2023, at 11 a.m. Eastern time in Springdale, Arkansas. Entry requires a ticket, proof of shareholder status, or team member badge. The meeting will also be available via webcast on Tyson's Investor Relations website. Additionally, an audio-only option is provided for participants. A replay of the webcast and telephone access will be available until March 9, 2023. Tyson Foods, a leader in the protein industry, operates with core values focused on integrity and value creation.

Tyson Foods has appointed Brady Stewart as Group President of Fresh Meats, effective January 1, 2023. Stewart, formerly COO at Smithfield Foods, will enhance the company's beef and pork businesses through innovation, technology, and data analytics, focusing on optimizing operations and driving competitiveness. He brings over 20 years of experience in the protein industry and will ensure a seamless transition with outgoing President Shane Miller, who is retiring after 30 years. Tyson Foods remains a leading global food company with approximately 142,000 employees.

Tyson Foods (NYSE: TSN) is set to release its first quarter 2023 financial results on February 6, 2023. A conference call and webcast will follow at 9:00 a.m. Eastern Time. Investors can access the webcast via the Tyson Investor Relations website. Participants can also join an audio-only version by dialing 1-844-890-1795 (toll-free) or +1-412-717-9589 (international). A replay of the conference call will be available through both webcast and telephone until March 8, 2023. Tyson Foods continues to be a leading player in the protein industry, committed to integrity and value creation.

Deborah Willis, an acclaimed photographer and curator, received the 2022 Don Tyson Prize for the Advancement of American Art, accompanied by a $200,000 cash award. The prize, awarded biennially by Crystal Bridges Museum, honors significant contributions to American art. Dr. Willis, a faculty member at New York University, explores cultural histories of the Black body and gender in her work. The award aims to recognize individuals or organizations that innovate and broaden public access to art, reinforcing a legacy of artistic excellence since its inception in 2012.

Tyson Foods announced the appointment of Melanie Boulden as Executive Vice President and Chief Growth Officer, effective February 6, 2023. In this newly created role, she will oversee global brand marketing to enhance the company's brand portfolio and products. Boulden, previously Chief Marketing Officer at Coca-Cola North America, brings over two decades of experience in driving brand growth and profitability. Her responsibilities will include brand innovation, R&D, and consumer insights, contributing to Tyson's ongoing growth as a leader in the food industry.

Tyson Foods announced it will distribute approximately $50 million in year-end bonuses to over 90,000 hourly team members in the U.S., with bonuses ranging from $300 to $700. This initiative, which starts mid-December, is part of the company's efforts to recognize employee contributions. Additionally, starting in 2023, Tyson will enhance benefits including flexible schedules, new parental leave, and mental health support. The average hourly compensation for team members is around $24 per hour, including benefits.

Soft Robotics Inc. announced raising $26M in an initial Series C funding round, aimed at expanding its mGripAI™ robotic picking solutions. This technology integrates advanced 3D vision and AI to automate bulk picking across various food sectors. The funding was led by Tyson Ventures and included new investors like Marel and Johnsonville. Soft Robotics reported a surge in demand, achieving its four largest sales quarters recently, driven by the need for efficient food production amidst labor shortages.

Tyson Foods has announced a $1.5 million investment in legal and citizenship services for immigrant employees, bringing its total investment to over $2.4 million in the past two years. This investment has helped more than 500 team members obtain citizenship and provided legal counsel to over 2,500 employees. The company has been recognized with the “Keepers of the American Dream Award” by the National Immigration Forum for its commitment to immigrant team members. Tyson also reported an increase in average hourly pay to over $18, with total hourly compensation exceeding $24.

Tyson Foods reported record annual sales and earnings, with fiscal 2022 sales at $53.3 billion, a 13.3% increase from 2021. Net income attributable to Tyson reached $3.2 billion, up 6.3% year-over-year. Despite a strong overall performance, fourth-quarter GAAP EPS fell 60% to $1.50, and operating income dropped 60% to $766 million. The company has initiated a productivity program aiming for $1 billion in savings by FY23. For FY23, Tyson expects sales between $55 billion and $57 billion.