Tyson Foods' decision to sell the complex is part of its continued efforts to optimize its plant network, and the company will continue to service customer orders from other production locations. House of Raeford Farms intends to continue poultry processing at the complex utilizing the existing workforce and grower network. Tyson Foods, Inc. (NYSE: TSN) is a world-class food company and recognized leader in protein. Founded in 1935 by John W. Tyson, it has grown under four generations of family leadership. ...

Company Overview - Tyson Foods is set to announce its earnings on August 5, 2024, with an expected EPS of $0.60, reflecting a 300% increase from the prior-year quarter [1] - The consensus estimate anticipates revenue of $13.17 billion, indicating a 0.2% increase from the same quarter last year [1] - For the entire fiscal year, earnings are projected at $2.58 per share and revenue at $52.89 billion, representing changes of +92.54% and +0.03% respectively from the prior year [6] Stock Performance - The most recent trading session closed with Tyson Foods at $56.90, showing a -0.4% change from the previous day's closing [5] - Over the past month, shares have depreciated by 1.13%, underperforming the Consumer Staples sector's loss of 0.93% and the S&P 500's gain of 3.22% [9] Valuation Metrics - Tyson Foods currently has a PEG ratio of 0.41, which is in line with the Food - Meat Products industry average [3] - The Forward P/E ratio stands at 22.17, indicating a premium compared to the industry's average Forward P/E of 19.04 [11] Industry Context - The Food - Meat Products industry is part of the Consumer Staples sector and holds a Zacks Industry Rank of 99, placing it in the top 40% of over 250 industries [8] - The Zacks Rank system categorizes Tyson Foods as 3 (Hold), with a recent 0.68% rise in the Zacks Consensus EPS estimate [7]

Financial Results Announcement - Tyson Foods, Inc. will release its third quarter 2024 financial results on August 5, 2024 [1] - A conference call and webcast will begin at 9:00 a.m. Eastern Time [1] Webcast and Replay Information - A link for the webcast is available on the Tyson Investor Relations website [1] - For those unable to participate live, a replay of the webcast and slides will be available on the same website [2] - Telephone replay will be available until September 5, 2024, with specific toll-free numbers provided [2] Company Overview - Tyson Foods, Inc. is a leading global food company recognized for its protein products [4] - Founded in 1935, the company has a diverse portfolio of brands including Tyson®, Jimmy Dean®, and Hillshire Farm® [4] - As of September 30, 2023, Tyson Foods employed approximately 139,000 team members [4]

Webcast A link for the webcast of the conference call is available on the Tyson Investor Relations website at http://ir.tyson.com. Dial In (Toll Free): 1-844-890-1795 International Dial In: 1-412-717-9589 US Toll Free: 1-877-344-7529 International Toll: 1-412-317-0088 Canada Toll Free: 855-669-9658 Replay Access Code: 5696640 SPRINGDALE, Ark., June 25, 2024 (GLOBE NEWSWIRE) -- Tyson Foods, Inc. (NYSE: TSN) will release third quarter 2024 financial results on Monday, August 5, 2024. Management will host a co ...

Core Insights - Tyson Foods is enhancing operational efficiency through plant closures and improvements in live operations, yield optimization, and labor efficiency [3][6] - The company is leveraging digital capabilities, data, automation, and AI technology to improve decision-making and outcomes [2][15] - Tyson Foods is focused on expanding its international market presence and has invested $300 million in a new fully-cooked food production facility in Danville, VA [9] Operational Enhancements - The company has closed its last chicken facility and two case-ready beef facilities, with plans to close one pork plant as part of its optimization strategy [3] - Ongoing productivity initiatives in procurement, logistics, and digitalization are expected to solidify the company's fundamentals [2] Growth Strategy - Tyson Foods' growth strategy is centered on three main pillars, focusing on driving growth across its core protein platform [7] - The company maintains a leadership position in the protein industry and is committed to innovation to expand market opportunities [7] Financial Performance - Tyson Foods' shares have increased by 6.7% over the past six months, outperforming the industry growth of 5.6% [5] - The beef segment is facing challenges due to limited cattle supplies, resulting in a significant adjusted operating loss of $34 million in the second quarter of fiscal 2024, compared to earnings of $8 million in the same quarter last year [16] Market Challenges - The company is navigating a tight cattle supply environment, which has led to spread compression and decreased adjusted operating income [16] - Uncertainty in consumer behavior and fluctuating commodity costs are complicating the company's performance [17]

In the latest market close, Tyson Foods (TSN) reached $55.16, with a -0.81% movement compared to the previous day. The stock's change was less than the S&P 500's daily gain of 0.25%. Meanwhile, the Dow experienced a rise of 0.15%, and the technology-dominated Nasdaq saw an increase of 0.03%. TSN's full-year Zacks Consensus Estimates are calling for earnings of $2.58 per share and revenue of $52.89 billion. These results would represent year-over-year changes of +92.54% and +0.03%, respectively. Empirical re ...

"We are aware that John Randall Tyson, Chief Financial Officer of Tyson Foods, was arrested for an alleged DWI," Tyson Foods, which was founded by his great-grandfather, said in a statement. "Tyson foods has suspended Mr. Tyson from his duties effective immediately and named Curt Calaway as interim Chief Financial Officer." They also indicated that authorities let him go at 10:41 a.m. local time. Tyson received a Friday court date for a hearing related to his Thursday arrest, according to the Washington Cou ...

Company Leadership and Recent Events - Tyson Foods suspended its CFO, John R Tyson, after he was charged with driving while intoxicated in Arkansas [1] - Curt Calaway has been appointed as the interim CFO following the suspension [1] - John R Tyson was arrested at 1:32 am and released nine hours later, according to the Washington County Detention Center [2] - Tyson pleaded guilty to the charges related to his arrest [2] Background of John R Tyson - John R Tyson is the son of the company's chairman, John H Tyson, and the great-grandson of the founder, John W Tyson [3] - He joined Tyson Foods in 2019 after working in investment banking, private equity, and venture capital [3] - His appointment as CFO raised some eyebrows on Wall Street [3] Previous Incident and Apology - In 2022, two months after being named CFO, John R Tyson was arrested for being intoxicated and falling asleep in the wrong house [2] - He apologized to investors for the incident during the company's earnings call a week later [2]

Martinez most recently served as Executive Vice President and Chief Operating Officer at Cisco Systems from 2021 until 2024 and previously held the role of Chief Customer Experience Officer. Prior to Cisco Systems, Martinez held executive positions at leading technology companies including Salesforce, Microsoft, Motorola and AT&T's Bell Labs. "Maria is a proven business leader in the technology industry who will help Tyson Foods expedite our data and digital initiatives," said Chairman John H. Tyson. "We ar ...

Martinez most recently served as Executive Vice President and Chief Operating Officer at Cisco Systems from 2021 until 2024 and previously held the role of Chief Customer Experience Officer. Prior to Cisco Systems, Martinez held executive positions at leading technology companies including Salesforce, Microsoft, Motorola and AT&T's Bell Labs. "I was drawn to Tyson Foods as a purpose-driven, world-class food company. I look forward to bringing my perspective to the board's work as the company continues to ex ...