Tag: Tyson Foods

Tyson Foods announces planned CEO change

Tyson Foods CEO Donnie King will step down in October at the end of the meat giant’s fiscal year. King, who has been with Tyson foods for 43 years, was…

Tyson Foods quarterly net income dips 3.5%, revenue up more than 4%

Springdale-based Tyson Foods posted second-quarter earnings of an adjusted 87 cents per share, above the consensus estimate of 79 cents. The per share earnings were 5% less than 92 cents…

Beef segment expected to lower quarterly numbers for Tyson Foods

Tyson Foods will report its second-quarter earnings early Monday (May 4). Consensus estimates call for the meat giant to report net income of $279 million, down 15% from $329 million a…

Tyson Foods faces racial discrimination suits in Virginia federal court

Alvin Clark, 62, and a former co-worker, Matthew Reeves, who were employed in Tyson Foods’ fully-cooked poultry plant in Danville, Va., are suing the meat giant for racial discrimination and…

Tyson Foods, Cargill settle with Oklahoma in Illinois River Watershed case

Oklahoma Attorney General Genter Drummond announced Thursday (Feb. 12) that Tyson Foods and Cargill have entered into settlements totaling more than $25 million in the 20-year old lawsuit over pollution…

Company history noted, new board members elected at Tyson shareholder meeting

Devoid of pomp and circumstance, Tyson Foods shareholders, executives and board members gathered in the meat giant’s offices in Springdale to celebrate 63 years as a publicly traded company and…

Net income down 76.7% for Tyson Foods, revenue up 5.1%

Tyson Foods first-quarter net income dropped 76.7% before adjustments for beef segment restructuring and lawsuit-related costs in the beef chicken and pork segments. Net income before adjustments totaled $85 million,…

Tyson Foods expected to post 14% drop in first-quarter net income

Tyson Foods may post lower earnings when it reports first quarter results on Monday (Feb. 2). The consensus earnings per share is 98 cents, which would be below $1.14 per…

Tyson Foods’ boss sees a more than 50% pay raise in fiscal 2025

Tyson Foods’ CEO Donnie King and Chief Financial Officer Curt Calaway were paid well despite a more than $1 billion loss in the beef segment business, according to a Dec….

Tyson Foods to acquire the closed Cargill plant in Springdale

Tyson Foods will acquire the shuttered Cargill turkey plant located on Randall Wobbe Road in Springdale, with the city council on Tuesday (Nov. 25) approving the issuance of revenue bonds…

Tyson Foods to shutter Nebraska beef plant, cut 3,200 jobs

Tyson Foods said Friday (Nov. 21) it will shutter its beef plant in Lexington, Neb., eliminating 3,200 jobs. Tyson is by far the largest employer in the town with a…

Tyson annual revenue tops $54.44 billion, beef segment posts big loss

Tyson Foods surprised analysts with better-than-expected results for its fourth-quarter ending Sept. 30. The meat giant reported revenue of $13.86 billion, up 2.2% from a year ago. On an adjusted…

Net income could drop more than 4% in Tyson Foods’ fourth quarter

Tyson Foods is expected to post earnings per share of 88 cents for its fiscal fourth-quarter on Nov. 10, before the market opens. That would equal net income of roughly…

Tyson Foods may pay $85 million to settle pork pricing lawsuit

Tyson Foods has reached a preliminary settlement in an agreement to pay $85 million to end class action litigation over conspiring to inflate pork prices. The litigation began in 2018. …

Tyson Foods’ execs optimistic for beef segment turnaround

Execs with Tyson Foods, one of the nation’s largest beef packers, said Thursday (Sept. 4) there are early signs that beef segment losses may soon abate. It’s been a rough…

Shareholder sues Tyson Foods to see business records

Springdale-based Tyson Foods was recently sued in Delaware Chancery Court by shareholder Michael Castagna, who owns 283 shares of stock in the company. Castagna seeks access to Tyson’s corporate records…

Tyson Foods adds Microsoft exec to its board, announces dividend

Tyson Foods has appointed Sarah Bond, CEO of Xbox and a Microsoft executive, to its board of directors, effective immediately, the Springdale-based global company announced Thursday (Aug. 7). “Sarah is…

Tyson Foods’ net income beats estimates, beef segment losses continue

Tyson Foods on Monday (Aug. 4) reported better-than-expected third quarter numbers and boosted full-year sales guidance, sending the stock price up more than 4% in early trading. The Springdale-based meat…

Tyson Foods expected to report a 9% decline in third-quarter net income

Despite financial improvement in the chicken segment, Tyson Foods is expected to report a decline in net income and a small gain in revenue when it reports fiscal third-quarter earnings…

Iowa court finds Tyson Foods’ execs could be liable for COVID deaths

Where does the buck stop? That’s the question for courts to determine between present and past Tyson Foods execs and the survivors of former employees who died from their exposure…

Pilot training school to scale at Drake Field

Connections: Northwest Arkansas leaders to participate in UCA program

Fort Smith Metro News Briefs: Charter school progress, and ‘Serious Fiber’ in downtown Fort Smith

Harps, NationsBenefits partner to expand access to benefits card