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Tyson Foods Inc (TSN.N)

TSN.N on New York Stock Exchange

62.33USD
23 Mar 2017
Change (% chg)

$-0.39 (-0.62%)
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$62.72
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Latest Key Developments (Source: Significant Developments)

BRAD SAUER RESIGNS FROM TYSON FOODS’ BOARD
Monday, 27 Feb 2017 10:00am EST 

Tyson Foods Inc : SAUER RESIGNS FROM TYSON FOODS’ BOARD . SAUER'S RESIGNATION IS EFFECTIVE IMMEDIATELY AND THERE ARE CURRENTLY NO PLANS TO ADD ANOTHER DIRECTOR .BRAD SAUER HAS DECIDED TO STEP DOWN FROM BOARD OF DIRECTORS AFTER NINE YEARS OF SERVICE.  Full Article

Tyson Foods says gets subpoena from SEC
Monday, 6 Feb 2017 07:58am EST 

Tyson Foods Inc : Tyson Foods - On Jan 20, Co received a subpoena from the sec in connection with an investigation related to the company - SEC filing . Tyson Foods says it is cooperating with the investigation, which is at an early stage .Tyson Foods - Based upon limited information it has, co believes investigation is based upon allegations in "in re broiler chicken antitrust litigation".  Full Article

Tyson Foods reports Q1 net income per share attributable to Tyson of $1.59
Monday, 6 Feb 2017 07:30am EST 

Tyson Foods Inc : Steps up fiscal 2017 EPS guidance to $4.90-$5.05 . Q1 sales $9,182 million versus $9,152 million . Qtrly net income per share attributable to Tyson $1.59 . For fiscal 2017, pork segment's operating margin should be around 12% . For fiscal 2017, beef segment's operating margin should be around 5% . Sees capital expenditures to approximate $1.0 billion for fiscal 2017 . In fiscal 2017, USDA indicates domestic protein production (chicken, beef, pork and turkey) should increase approximately 2-3% . As co continues with integration of Hillshire Brands, expect to realize synergies of around $675 million in fiscal 2017 from acquisition . Profit improvement plan for Legacy Prepared Foods business with some incremental synergies expected to be realized in fiscal 2018 . Expect earnings cadence for remainder of fiscal year to follow "more normal patterns, including seasonality typical of our Q2" . Q1 earnings per share view $1.26, revenue view $9.05 billion -- Thomson Reuters I/B/E/S .FY2017 earnings per share view $4.83 -- Thomson Reuters I/B/E/S.  Full Article

Tyson foods says Donnie Smith resigns as CEO on on Dec 31
Tuesday, 3 Jan 2017 04:32pm EST 

Tyson Foods Inc : Tyson Foods Inc says on December 31, 2016, Donnie Smith resigned as chief executive officer and as a member of board . Tyson Foods Inc -Tom Hayes became chief executive officer of company and now holds title of president and chief executive officer Source: (http://bit.ly/2hNb1By) Further company coverage: [TSN.N] ((bangalore.newsroom@thomsonreuters.com;)).  Full Article

Tyson Foods says Philippines' department of labor, employment ruled against appeal related to 1995 closing of manufacturing facility
Tuesday, 20 Dec 2016 08:32am EST 

Tyson Foods Inc : Tyson Foods Inc says "Hillshire Brands does not have any operations in Philippines, we don't expect the decision to have any impact on our business" . Tyson Foods statement in response to ruling by republic of the Philippines' department of labor and employment . Considering all appellate options including asking NLRC to reconsider ruling and Philippine courts to overturn ruling .Tyson Foods - recently notified that department of labor and employment in Philippines ruled against appeal related to 1995 closing of an apparel manufacturing facility.  Full Article

Tyson Foods says Jeffrey K. Schomburger appointed to the board
Tuesday, 6 Dec 2016 04:59pm EST 

Tyson Foods Inc : Tyson Foods Inc - increased number of members of board to eleven and elected Jeffrey K. Schomburger as a member of board .Says Jeffrey K. Schomburger appointed to the board.  Full Article

Tyson Foods has launched a venture capital fund
Monday, 5 Dec 2016 06:59am EST 

Tyson Foods Inc - : Has launched a venture capital fund . Tyson will make available $150 million to fund which has been named Tyson New Ventures LLC .Tyson new ventures will be based in Chicago and led by Mary Kay James, who has been named vice president and general manager.  Full Article

Tyson Foods posts Q4 earnings per share of $1.03
Monday, 21 Nov 2016 07:30am EST 

Tyson Foods Inc : Q4 adjusted earnings per share $0.96 . Q4 earnings per share $1.03 . Q4 earnings per share view $1.17 -- Thomson Reuters I/B/E/S . Qtrly sales $9,156 million versus $10,506 million last year . Allocating $1 billion for capital expenditures in fiscal 2017 . Sees 2017 GAAP EPS growth of 4-7 pct . Expect fiscal 2017 EPS of $4.70-$4.85 . This week board of directors increased quarterly dividend by $0.075, or 50 pct, to $0.225 per share . For fiscal 2017, expect sales to be flat compared to fiscal 2016 . Fy2017 earnings per share view $4.98, revenue view $36.98 billion -- Thomson Reuters I/B/E/S . In fiscal 2017, USDA indicates domestic protein production to increase approximately 2-3 pct from fiscal 2016 levels . Sees 2017 adjusted EPS growth of 7 pct - 10 pct . Expect to realize synergies of around $675 million in fiscal 2017 from Hillshire acquisition . Amount from synergies expected to be realized in fiscal 2017 is reduced from previous estimate of $700 million .Says "first seven weeks of fiscal 2017 have been phenomenal as we are off to best start we have ever experienced".  Full Article

Tyson Foods says has not made any changes to business practices in response to complaints
Friday, 7 Oct 2016 11:31am EDT 

Tyson Foods Inc: Tyson Foods issues statement in response to an analyst report . "We have not made any changes to our business practices in response to complaints" ."We dispute allegations in complaints as well as speculative conclusions reached by analyst".  Full Article

Tyson Foods declares quarterly dividend of $0.15/share on Class A common stock
Monday, 8 Aug 2016 04:21pm EDT 

Tyson Foods Inc :Declared quarterly dividend of $0.15 per share on Class A common stock and $0.135 per share on Class B common stock.  Full Article

More From Around the Web

Bird flu hits another U.S. farm that supplies Tyson Foods

CHICAGO Bird flu that is highly lethal to poultry has infected a second commercial chicken farm in Tennessee that supplies Tyson Foods Inc, company and state officials said on Thursday.