Tyson Foods Reports Second Quarter 2022 Results

Tyson Foods, Inc., one of the world’s largest food companies and a recognized leader in protein with leading brands including Tyson, Jimmy Dean, Hillshire Farm, Ball Park, Wright, Aidells, ibp and State Fair, today reported the following results:

First Six Months Highlights

- GAAP EPS of $5.35, up 107% from prior year; Adjusted EPS of $5.16, up 57% from prior year
- GAAP operating income of $2,611 million, up 83% from prior year; Adjusted operating income of $2,593 million, up 47% from prior year
- Total Company GAAP and Adjusted operating margin...

Tyson Foods CEO: Beef Prices Driven by Strong Demand, Constrained Production and Record Inflation

“It’s a question of basic supply and demand,” says King.

A combination of market forces, including consistently strong demand for finished beef, constrained production due to labor shortages caused by the global pandemic, and record inflation, have been driving current beef prices, Tyson Foods President & CEO Donnie King says in prepared testimony delivered to the U.S. House Agriculture Committee. The testimony was presented in advance of a hearing on Wednesday.

King makes the following points in his testimony:

- As with nearly...

Tyson Foods’ Plants Mark Zero Waste to Landfill Milestone

Tyson Foods announced that six of its plants have achieved Zero Waste to Landfill (ZWTL) Gold level validation. These efforts were validated by UL to UL 2799 Environmental Claim Validation Procedure (ECVP) for ZWTL.

Tyson Foods’ facilities were recognized for reducing the production of all by-products like animal fats, hides and inedible proteins and reusing or recycling the remaining by-products to support conservation and efficiency. By achieving this zero-waste vision, facilities will reduce or eliminate their dependence on landfills to help save costs.

The following six...

Tyson Foods Commits More Than $1 Million to Expand Legal and Citizenship Support for Team Members

Tyson Foods (NYSE: TSN) has committed more than $1 million to support its many team members who are immigrants to the United States. The company’s U.S. based workforce is comprised of team members from more than 160 countries and collectively speak more than 50 languages. The Tyson Immigration Partnership (TIP) helps provide these team members with legal services and acquire U.S. citizenship. The program, which has been supporting seven Tyson facilities over the past year, will now serve 40 company locations in...

Tyson Ventures Launches First Open Innovation Call for Sustainability Solutions

Tyson Ventures, the venture capital arm of Tyson Foods, announced today its first ever pitch event for sustainability entrepreneurs and startups. Tyson “Demo Day” will be held virtually on July 11, 2022, and selected participants will be invited to demonstrate how their solutions could help create a more sustainable food system. The goal of the day is to identify and ultimately invest in breakthrough, sustainable technologies that can help Tyson Foods reach its sustainability goals.

At Tyson Demo Day, the selected companies will virtually pitch their solutions to a group...

Tyson Foods Reports First Quarter 2022 Results

Tyson Foods, Inc., one of the world’s largest food companies and a recognized leader in protein with leading brands including Tyson, Jimmy Dean, Hillshire Farm, Ball Park, Wright, Aidells, ibp and State Fair, today reported the First Quarter 2022 Results.

The Company reports its financial results in accordance with U.S. generally accepted accounting principles (GAAP). Adjusted operating income and adjusted net income per share attributable to Tyson (Adjusted EPS) are non-GAAP financial measures. Refer to the end of this release for an explanation and reconciliation of these and other non-GAAP...

Tyson Foods Invests in Bowling Green, Kentucky with State-of-the-Art Facility

Tyson Foods leadership, Kentucky Governor Andy Beshear, and city officials from Bowling Green broke ground today on the site of Tyson’s new $355 million bacon production facility. Once operational in late 2023, the 400,000 square foot facility will employ 450 people and help meet growing demand for the company’s iconic Wright® and Jimmy Dean® brands.

“Tyson Foods announced this tremendous investment in Warren County just over three months ago, and I am thrilled to join the company’s leaders for today’s..."

Roses are Red, Violets are Blue, Write a Love Note on Tyson® Nuggets to Express Your 'I Love You'

Food is often an expression of love. And this Valentine's Day, Tyson® brand is inviting Americans to show their love to a sweetheart, friend or family member with the brand's beloved heart-shaped chicken nuggets, Nuggets of Love. Made with 100% white meat chicken raised with no antibiotics ever, Tyson Nuggets of Love are now available for a limited time at select retailers nationwide.

To help people say, "I love you" this Valentine's Day, Tyson brand is...

Tyson Foods Donates 600,000 Meals for Storm Relief in Kentucky, Tennessee

Tyson Foods is donating 600,000 meals (150,000 pounds of protein) and deploying other disaster relief efforts to help support parts of Kentucky, Tennessee and other states devastated by the recent tornadoes.

The company is partnering with Walmart to help feed families and relief workers in Mayfield, Kentucky, which is home to Tyson team members who work at its poultry complex in nearby Union City, Tennessee. Plans are also underway to provide food and other assistance in Bowling Green, Kentucky, as well as other nearby communities. Food will also...

Tyson Foods: Outpacing a Growing, Global Protein Market

Tyson Foods is a global protein leader with a diverse portfolio of iconic brands and a clear and compelling path to growth, company leaders told investors and analysts today during Tyson Foods’ virtual Investor Day.

Chairman John H. Tyson, President and CEO Donnie King and members of the company’s senior leadership team spoke at the event. They showcased Tyson Foods’ role as a leading protein company in a growing, global market; the company’s efforts to increase value-added and overall production capacity as part of a plan to drive accelerated volume and...

Tyson Foods to Give Frontline, Hourly Team Members Approximately $50 Million in Year-End Bonuses

Tyson Foods (NYSE: TSN) is saying thank you once again to its frontline and hourly team members by giving them approximately $50 million in year-end bonuses for their efforts over the past year. For team members in the U.S., these one-time bonuses will be based on tenure, range from $300 to $700, and be distributed starting this month.

“This is yet another way for us to say thank you and show how grateful we are for our frontline...

Survey Says Americans Want Chicken on their Friendsgiving Plates

Please pass the…chicken! As Americans kick-off the holiday season, many are also gearing up for Friendsgiving – a moment to appreciate our friends that matter most. And this year, friends are choosing chicken as their Friendsgiving centerpiece.

A recent survey of more than 1,000 people across America revealed 65% of people who celebrate Friendsgiving want chicken during the holidays and 77% want to create new traditions, which may include anything from who is at the table to decorations to games played. More than two thirds want...

Tyson Foods Reports Fourth Quarter 2021 Results

Tyson Foods, Inc., one of the world’s largest food companies and a recognized leader in protein with leading brands including Tyson, Jimmy Dean, Hillshire Farm, Ball Park, Wright, Aidells, ibp and State Fair, today reported the following results:

The Company reports its financial results in accordance with U.S. generally accepted accounting principles (GAAP). Adjusted sales, adjusted operating income and adjusted net income per share attributable to Tyson (Adjusted EPS) are non-GAAP financial measures. Refer to the end of this release for an explanation and reconciliation of these and other non-GAAP...

Tyson Foods Continues Growth of Wright® and Jimmy Dean ® Brands with Investment in Kentucky

Tyson Foods will invest $355 million to build a state-of-the-art bacon plant in Bowling Green, Kentucky, company officials announced today. The project is part of Tyson’s commitment to meet increasing retail and foodservice demand for bacon products to deliver against its strategy of accelerating long-term growth aligned to consumer trends. The new facility is expected to create 450 jobs with production beginning in late 2023.

“We are excited to be a part of the Warren County and Kentucky..."

Over 96% of Tyson Foods’ Active Workforce is Vaccinated

Tyson Foods announced today that it has achieved nearly full vaccination of its active workforce. President and CEO Donnie King released the news in a note to team members. The full note is below.

"Throughout the pandemic, your health and safety has been our top priority. We have used every tool at our disposal to help keep you safe. And getting vaccinated is the single most effective tool to protect you, your families, and our communities against the COVID-19 virus. That’s why we decided, in August, to require all..."

NAMI: COVID Protections Kept Case Rates 98% Lower Than in General Population

The North American Meat Institute (Meat Institute) today released updated analysis of publicly available data on COVID-19 transmission, showing that comprehensive protections instituted since the spring of 2020 successfully lowered transmission among meatpacking workers and held case rates today to more than 98% lower than case rates in the general U.S. population. Responding to a hearing of the U.S. House of Representatives Select Subcommittee on the Coronavirus Crisis, Meat Institute President and CEO Julie Anna Potts commented:

“Frontline meat and poultry workers were among the first impacted..." 

Tyson® Brand Introduces Air Fried Chicken Bites

Tyson® brand is bringing more tasty options to the game-day table with its new Tyson® Air Fried Chicken Bites—the protein-packed snack you won't feel guilty serving your guests. Tyson Air Fried Chicken Bites have 75% less fat and 35% less calories than fast food breaded chicken options1, but with the same great taste and crunch of traditionally fried chicken.

Americans today want better-for-you versions of comfort foods, and Tyson Brand is meeting this trend by launching chicken bites in Spicy and Parmesan flavors that have...

America is Freezing Food at Record Rates

Americans have been freezing food at record rates these past two years, with a majority of people across the country (55%) saying they bought a second or even third freezer to house all the extra frozen food.

A recent survey* of 2,000 people across America revealed that some of the most common foods in freezers are vegetables, soups and sauces. And close to a third reported feeling ‘stressed,’ ‘uneasy,’ or ‘surprised’ when they open their freezer and see all the unused food; one-half say they have to waste their frozen food because...

Tyson Foods Unveils Hillshire Farm® SNACKED! to Meet Growing Demand for Kids Snacking

Tyson Foods, one of the world's leading protein producers, is taking on the $1 billion kids refrigerated, pre-packaged snack category with a new kids snack - Hillshire Farm® SNACKED! Building upon its powerhouse portfolio of protein brands and success in adult snacking, Hillshire Farm SNACKED! will give parents a versatile, on-the-go snack pack made with quality, trusted ingredients – made just for kids.

More than 76% of people, including children, eat two or more snacks every day. And when it comes to snack...

Tyson Foods Categorically Rejects Conclusions Drawn by White House

Tyson Foods categorically rejects the conclusions drawn by the Secretary of Agriculture and the Director of the National Economic Council in a White House press briefing.

The U.S. Department of Agriculture recently published a report detailing the drivers of consumer inflation in the food sector, none of which are related to industry consolidation or scale. The report can be found here.

Increase in Beef Prices due to Unprecedented Market Conditions

As we have explained in great detail to the U.S. Senate Committee on the Judiciary, in testimony provided in August 2021, which can...

Tyson Foods to Accelerate Brand Growth by Investing in Virginia

Tyson Foods will invest $300 million to build a new, fully-cooked plant in Danville, Virginia, company officials announced. The project is part of the company’s commitment to meet increasing demand and deliver on its strategy of accelerating long-term growth. The new facility is expected to create nearly 400 jobs when production begins in the spring of 2023.

“As consumers actively look to add more protein to their diets, Tyson is uniquely positioned as a category leader to meet that growing demand,” said Noelle O’Mara, President, Prepared Foods for Tyson Foods. “Our continued focus on consumer driven innovation will accelerate this momentum and...

Tyson Foods Reports Third Quarter 2021 Results

Tyson Foods, Inc., one of the world’s largest food companies and a recognized leader in protein with leading brands including Tyson, Jimmy Dean, Hillshire Farm, Ball Park, Wright, Aidells, ibp and State Fair, reported the following results:

First Nine Months Highlights

- GAAP EPS of $4.63, up 20% from prior year; Adjusted EPS of $5.98, up 61% from prior year
- GAAP operating income of $2,487 million, up...

Tyson Foods to Require COVID-19 Vaccinations for Its U.S. Workforce

To protect team members, their families and their communities, Tyson Foods, is requiring its team members at U.S. office locations to be fully vaccinated by October 1, 2021. All other team members are required to be fully vaccinated by November 1, 2021, subject to ongoing discussions with locations represented by unions.

This action makes Tyson Foods the largest U.S. food company to require COVID-19 vaccinations for its entire workforce. Almost half of Tyson Foods’ U.S. workforce has been vaccinated and coronavirus infection rates among team members...

Tyson Fresh Meats Leader Testifies About Beef Industry at Senate Hearing

Shane Miller, group president of Tyson Fresh Meats, the beef and pork unit of Tyson Foods, testified about the beef industry during a hearing held today by the U.S. Senate Committee on the Judiciary. Below is Miller’s written testimony:

Chairman Durbin, Ranking Member Grassley, members of the Judiciary Committee, thank you for inviting me here today.

I proudly represent Tyson Foods, a company based in Springdale, Arkansas, and founded nearly a century ago by John W. Tyson, who started this business trucking chickens to markets across the Midwest...

Tyson Foods Integrating the Five Domains Animal Welfare Framework Across Global Operations

Tyson Foods is evolving its approach to animal welfare by integrating a new welfare framework across its global operations, known as the Five Domains.

Tyson’s Office of Animal Welfare plays an important role in ensuring the company’s vision for animal welfare becomes a reality: to be the world leader in animal welfare through compassionate care based in sound science. Part of being a leader means being open to creative thinking, innovation, and evolving knowledge and practices. The Five Domains, as devised by Professor David Mellor and colleagues...

Tyson Foods Joins McDonald’s in Mutual Commitment to Diversity, Equity and Inclusion

Tyson Foods announced that it has joined the McDonald’s Mutual Commitment to Diversity, Equity and Inclusion (MCDEI). Tyson’s employee base is enormously diverse, with more than 50 languages spoken by team members across the company’s U.S. business. Today’s announcement follows the company’s longstanding and publicly stated commitment to diversity, also a part of its core values.

As an early adopter of the MCDEI, Tyson Foods will continue to advance diversity, equity and inclusion by committing to actions like setting representation goals, conducting education and training, increasing...

Albertsons Expands Recall on Items Containing Chicken as Part of Tyson Foods Recall

Albertsons Companies announces the removal of additional items containing chicken as part of the recall initiated by Tyson Foods, Inc. The product has the potential to be contaminated with Listeria monocytogenes. On July 4, 2021, Albertsons Companies announced a removal of certain Signature Café Shredded Roasted Chicken that was also supplied by Tyson Foods. Tyson Foods’ recall announcement can be found here.

The affected Tyson product was produced at one plant located in Dexter, Missouri, between December 26, 2020 and April 13, 2021, and distributed to foodservice and retail customers nationwide and...

General Mills Completes Acquisition of Tyson Foods’ Pet Treats Business

General Mills announced that it has completed the acquisition of Tyson Foods’ pet treats business for $1.2 billion in cash. The business, which includes the Nudges, Top Chews and True Chews brands, is the leader in natural meat treats for pets.

“This acquisition represents an important step as we reshape our portfolio for growth, in line with our Accelerate strategy,” said General Mills Chairman and Chief Executive Officer Jeff Harmening. “This business is a wonderful complement to...

Tyson Foods Voluntarily Recalls Frozen, Fully Cooked Chicken

Tyson Foods is voluntarily recalling approximately 8.5 million pounds of frozen, fully cooked chicken. Tyson has been working closely with the U.S. Department of Agriculture on this recall, and while there is no conclusive evidence that the products were contaminated at the time of shipment, the voluntary recall is being initiated out of an abundance of caution.

The affected products were produced at one plant located in Dexter, Missouri, between December 26 of 2020 and April 13 of 2021 and distributed to foodservice and retail customers...

Tyson Foods’ Finney County Plant Completes Water Stewardship Certification

Tyson Foods’ Finney County plant has officially been certified under the Alliance for Water Stewardship (AWS) standard by international third-party certification body SCS Global Services (SCS), making Finney County the first and only meat processing plant in the US certified under the AWS standard. Implementation of the standard is intended to achieve five main outcomes of good water stewardship at the site: good water governance; sustainable water balance; good water quality status; important water related areas; and safe water, sanitation, and hygiene for all.

“We are proud of our work to implement water stewardship practices in Finney County and our recent certification under the Alliance for Water Stewardship standard is...