by - April 25, 2019 9:17 am
Tyson Foods, Cargill sued by cattle group R-CALF
Tyson Foods and its beef competitors were sued by cattle group — R-CALF USA in a Chicago federal court this week. The complaint alleges Tyson Foods, Cargill, JBS S.S. and…
Tag: Tyson Foods
by - April 24, 2019 1:01 pm
Tyson Foods divests interest in alternative protein company Beyond Meats
Meat giant Tyson Foods has sold its stake in California-based alternative protein company Beyond Meat, just ahead of the startup’s public stock offering. That’s according to filings with the U.S….
by - March 25, 2019 4:25 pm
Tyson Foods recalls nearly 35 tons of frozen chicken products
About 69,093 pounds of frozen, ready-to-eat chicken products have been recalled by Tyson Foods. The recall announced by the USDA Foods Safety and Inspection Service (FSIS) cites products could be…
by - March 14, 2019 2:05 pm
Tyson Foods to use DNA technology to trace beef back to original source
Tyson Foods announced Thursday (March 14) a program that uses DNA technology to trace beef products backs to the animal of origin for its Open Prairie Natural Angus Beef production….
by - March 10, 2019 11:30 am
Tyson Foods CEO Noel White discusses upbringing, direction for company
Tyson Foods CEO Noel White grew up in the heartland, but he knew as a teenager what his meal ticket for success would be. “I knew I wanted to be…
by - March 7, 2019 8:16 am
Tyson Foods implements third-party poultry handling certification
Tyson Foods announced Wednesday (March 6) a new poultry handling and transportation certification by a third party — U.S. Poultry & Egg Association. Tyson is the first major food company…
by - February 25, 2019 6:26 pm
Grimes’ exit opens important prepared foods job at Tyson Foods
Sally Grimes, Tyson Foods group president for prepared foods, is exiting the company later this year when her successor is named and there is an adequate transition period. Grimes gave…
by - February 14, 2019 6:49 pm
Tyson Foods to issue $2.8 billion in corporate debt to finance acquisitions
Tyson Foods CEO Noel White said last week the meat giant would tap the bond market to finance the $2.16 billion acquisitions of Keystone Foods and the $340 million it’s…
by - February 5, 2019 3:57 pm
Tyson Foods reportedly interested in acquiring Foster Farms
Tyson Foods has made no bones about its desire to grow through acquisition when it makes sense from a financial and operations standpoint. The Springdale-based meat giant is still in…
by - February 4, 2019 5:20 pm
Tyson Foods expected to report quarterly lower profits on higher revenue
Despite Tyson Foods’ efforts to boost margins across its large processing operations the meat giant struggles to combat excess supplies and higher freight costs that are expected to bring first-quarter…
by - January 30, 2019 11:00 am
Tyson Foods recalls Panko-breaded frozen chicken nuggets
Tyson Foods is recalling approximately 36,420 pounds of chicken nugget products that may be contaminated with extraneous materials, specifically rubber, according to a release from the U.S. Department of Agriculture’s…
by - January 14, 2019 7:08 pm
Tyson Foods announces management changes following Keystone acquisition
Tyson Foods CEO Noel White announced several management changes in connection with the meat giant’s recent acquisition of Keystone Foods. White made the announcement late Monday (Jan. 14) in an…
by - December 20, 2018 2:17 pm
Tyson Foods top 5 execs share $4.65 million in performance bonus pay in 2018
Fiscal 2018 was a year of surprises for Springdale-based Tyson Foods, from president and CEO Tom Hayes’ abrupt resignation to the unexpected death of newly retired chief financial officer Dennis…
by - November 30, 2018 6:12 pm
Tyson Foods completes Keystone deal with $1.8 billion in additional funding
Tyson Foods announced late Friday (Nov. 30) the $2.2 billion acquisition of Keystone Foods has closed. This purchase includes eight plants and three innovation centers in China, South Korea, Malaysia,…
by - November 13, 2018 4:02 pm
Tyson Foods posts record income, but gives cautious guidance for fiscal 2019
Tyson Foods posted another record year in fiscal 2018 which ended Sept. 30, with revenue of $40.052 billion, up 4.62% from 2017. Net income totaled $3.027 billion, compared to $1.778…
by - November 11, 2018 12:19 pm
Beef business expected to boost Tyson Foods’ earnings
Tyson Foods is expected to report fourth quarter earnings gains Tuesday (Nov. 13), lifting the meat giant to another record year. The consensus of analysts pegs fiscal year net income…
by - October 25, 2018 2:21 pm
Analyst more bullish on Tyson Foods based on stronger beef demand
In late July, Tyson Foods lowered its fiscal year earnings guidance by an average of 65 cents per share. The company cited volatile meat prices relating to excess supplies of…
by - October 1, 2018 3:21 pm
Tyson Foods secures $1 billion in loans to refinance debt
Tyson Foods recently secured $1 billion in senior unsecured notes offered to the investment community and rated investment grade — Baa2 by Moody’s or BBB by Standard & Poor’s. The…
by - September 19, 2018 5:20 pm
Acquisition integration, commodity challenges ahead for next Tyson CEO
Tyson Foods remains in “very capable” hands, according to industry analyst Steve Kay, publisher of Cattle Buyers Weekly, who is “extremely confident” in Noel White’s ability to run the complex…
by - September 17, 2018 11:30 am
White named Tyson Foods CEO, Hayes steps down for ‘personal reasons’
Tom Hayes announced Monday (Sept. 17) he will step down effective Sept. 30 as president and CEO of Tyson Foods citing personal reasons. The board of directors has chosen Tyson…