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Tyson Foods Inc (TSN)

TSN on New York Consolidated

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25 Jun 2019
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Latest Key Developments (Source: Significant Developments)

Tyson Foods Introduces Co's First Plant-Based And Blended Products And Raised & Rooted Brand
Thursday, 13 Jun 2019 06:55am EDT 

June 13 (Reuters) - Tyson Foods Inc ::TYSON FOODS UNVEILS ALTERNATIVE PROTEIN PRODUCTS AND NEW RAISED & ROOTED® BRAND.TYSON FOODS INC - INTRODUCED COMPANY'S FIRST PLANT-BASED AND BLENDED PRODUCTS, ALONG WITH ITS NEW RAISED & ROOTED BRAND.TYSON FOODS INC - EXPECTS TO INTRODUCE ADDITIONAL ALTERNATIVE PROTEIN PRODUCTS THROUGH MULTIPLE CUSTOMERS AND SALES CHANNELS.  Full Article

Tyson Foods Inc Named Jonathan Mariner To Board Of Directors
Friday, 10 May 2019 08:30am EDT 

May 10 (Reuters) - Tyson Foods Inc ::FORMER FINANCE EXECUTIVE FOR MAJOR LEAGUE BASEBALL JOINS TYSON FOODS’ BOARD.TYSON FOODS INC - NAMED JONATHAN D. MARINER TO BOARD OF DIRECTORS.  Full Article

Tyson Foods Says On April 26, U.S. DOJ Issued Subpoena Requesting Discovery Produced By All Parties In Maplevale Farms Case
Monday, 6 May 2019 08:18am EDT 

May 6 (Reuters) - Tyson Foods Inc ::TYSON FOODS SAYS ON APRIL 26, U.S. DOJ ISSUED SUBPOENA TO CO REQUESTING DISCOVERY PRODUCED BY ALL PARTIES IN MAPLEVALE FARMS CASE - SEC FILING.  Full Article

Tyson Foods Reports Q2 Adj Earnings Per Share Of $1.20
Monday, 6 May 2019 07:30am EDT 

May 6 (Reuters) - Tyson Foods Inc ::TYSON FOODS REPORTS STRONG SECOND QUARTER FISCAL 2019 RESULTS.SEES FY 2019 ADJUSTED EARNINGS PER SHARE $5.75 TO $6.10.Q2 ADJUSTED EARNINGS PER SHARE $1.20.Q2 GAAP EARNINGS PER SHARE $1.17.Q2 EARNINGS PER SHARE ESTIMATE $1.14 -- REFINITIV IBES DATA.QTRLY SALES $10,443 MILLION VERSUS $9,773 MILLION REPORTED LAST YEAR.TYSON FOODS SAYS "LOOKING AHEAD, AFRICAN SWINE FEVER HAS POTENTIAL TO IMPACT GLOBAL PROTEIN INDUSTRY ON A LEVEL THAT WE HAVE NEVER EXPERIENCED".TYSON FOODS - FOR FISCAL 2019, EXPECT SALES TO GROW TO APPROXIMATELY $43 BILLION DUE TO VOLUME GROWTH AND MIX, AS WELL AS IMPACT OF KEYSTONE ACQUISITION.AFRICAN SWINE FEVER IS AN EVENT THAT WILL UNDERSCORE POWER OF TYSON BUSINESS MODEL.FY2019 EARNINGS PER SHARE VIEW $5.95, REVENUE VIEW $42.58 BILLION -- REFINITIV IBES DATA.A WORLDWIDE DECREASE IN PORK SUPPLY WOULD OFFER SIGNIFICANT UPSIDE TO OUR PORK BUSINESS.TYSON FOODS - SALES VOLUME INCREASED FOR 6 MONTHS & Q2 OF FY 2019 DUE TO IMPROVED AVAILABILITY OF CATTLE SUPPLY, STRONGER DEMAND FOR OUR BEEF PRODUCTS.TYSON FOODS- FOR 2019, USDA INDICATES DOMESTIC PROTEIN PRODUCTION (BEEF, PORK, CHICKEN AND TURKEY) SHOULD INCREASE ABOUT 2% FROM FISCAL 2018 LEVELS.FORECASTS FOR CURRENT FISCAL YEAR DO NOT INCLUDE ANY POTENTIAL EFFECTS FROM ASF AS WE DO NOT HAVE CLARITY ON WHEN IMPACT MIGHT OCCUR.TO DATE, PORK PRICING HASN'T KEPT PACE WITH INCREASED HOG COSTS.Q2 REVENUE VIEW $10.29 BILLION -- REFINITIV IBES DATA.  Full Article

Tyson Foods Sells Stake In Beyond Meat Amid Rising Tensions - Axios
Wednesday, 24 Apr 2019 11:13am EDT 

April 24 (Reuters) - :TYSON FOODS SELLS STAKE IN BEYOND MEAT AMID RISING TENSIONS - AXIOS.  Full Article

Tyson Foods Reports First Quarter Fiscal 2019 Results
Thursday, 7 Feb 2019 07:30am EST 

Feb 7 (Reuters) - Tyson Foods Inc ::TYSON FOODS REPORTS STRONG FIRST QUARTER FISCAL 2019 RESULTS.Q1 ADJUSTED EARNINGS PER SHARE $1.58.Q1 GAAP EARNINGS PER SHARE $1.50.Q1 EARNINGS PER SHARE ESTIMATE $1.56 -- REFINITIV IBES DATA.REAFFIRMS FY 2019 ADJUSTED EARNINGS PER SHARE VIEW $5.75 TO $6.10.FOR FISCAL 2019, EXPECT SALES TO GROW TO ABOUT $43 BILLION DUE TO VOLUME GROWTH AND MIX, AS WELL AS IMPACT OF KEYSTONE ACQUISITION.FOR BEEF, CO EXPECT INDUSTRY FED CATTLE SUPPLIES TO INCREASE APPROXIMATELY 2% IN FISCAL 2019 VERSUS 2018.QTRLY SALES $10,193 MILLION VERSUS $10,229 MILLION REPORTED LAST YEAR.FOR PORK, EXPECT INDUSTRY HOG SUPPLIES TO INCREASE APPROXIMATELY 2% IN FISCAL 2019.FOR FISCAL 2019, EXPECT CAPITAL EXPENDITURES TO BE ABOUT $1.5 BILLION & TO SCALE BACK TO RANGE OF $1.1 TO $1.3 BILLION IN FISCAL 2020.Q1 REVENUE VIEW $10.38 BILLION -- REFINITIV IBES DATA.BELIEVE PORK SEGMENT'S ADJUSTED OPERATING MARGIN WILL BE AROUND 6% IN FISCAL 2019.FOR FISCAL 2019, USDA INDICATES DOMESTIC PROTEIN PRODUCTION SHOULD INCREASE APPROXIMATELY 3% FROM FISCAL 2018 LEVELS.BELIEVE CHICKEN SEGMENT'S ADJUSTED OPERATING MARGIN TO EXCEED 6% IN FISCAL 2019.FOR FISCAL 2019 CO EXPECTS DOMESTIC AVAILABILITY OF PROTEIN TO INCREASE APPROXIMATELY 2%.BELIEVE BEEF SEGMENT'S ADJUSTED OPERATING MARGIN WILL BE NEAR 7% IN FISCAL 2019.ON FEB 6 HAD REACHED A DEFINITIVE AGREEMENT TO ACQUIRE THAI AND EUROPEAN OPERATIONS OF BRF S.A. FOR $340 MILLION IN CASH.EXPECT NET INTEREST EXPENSE TO APPROXIMATE $450 MILLION FOR FISCAL 2019.  Full Article

Beyond Meat Says Principal Stockholders Include Tyson New Ventures LLC
Friday, 16 Nov 2018 06:11pm EST 

Nov 16 (Reuters) - Beyond Meat Inc::BEYOND MEAT INC SAYS PRINCIPAL STOCKHOLDERS INCLUDE TYSON NEW VENTURES LLC, WHICH OWNS 6.6 PERCENT SHARES PRIOR TO OFFERING.BEYOND MEAT INC SAYS IN 9 MONTHS ENDED SEPT. 29, NET REVENUES WERE $56.4 MILLION, UP 167 PERCENT FROM $21.1 MILLION IN THE 9 MONTHS ENDED SEPT. 30, 2017.BEYOND MEAT INC SAYS FOR 9 MONTHS ENDED SEPT. 29, NET LOSS WAS $22.4 MILLION.  Full Article

Tyson Foods Names Noel White CEO, Succeeding Tom Hayes
Monday, 17 Sep 2018 07:30am EDT 

Sept 17 (Reuters) - Tyson Foods Inc ::TYSON FOODS NAMES NOEL WHITE CHIEF EXECUTIVE OFFICER, SUCCEEDING TOM HAYES.TYSON FOODS NAMES NOEL WHITE CHIEF EXECUTIVE OFFICER, SUCCEEDING TOM HAYES.TYSON FOODS INC - ALSO REAFFIRMED ITS ADJUSTED EPS GUIDANCE FOR FISCAL 2018 OF $5.70 TO $6.00.TYSON FOODS INC - APPOINTED NOEL WHITE AS PRESIDENT AND CHIEF EXECUTIVE OFFICER, EFFECTIVE SEPTEMBER 30, 2018.TYSON FOODS INC - WHITE WILL ALSO JOIN BOARD OF DIRECTORS.TYSON FOODS INC - TOM HAYES IS STEPPING DOWN FOR PERSONAL REASONS.  Full Article

Tyson Foods Says Entered Into Fourth Amendment Of 2015 Term Loan Agreement
Tuesday, 12 Jun 2018 05:20pm EDT 

June 12 (Reuters) - Tyson Foods Inc ::TYSON FOODS SAYS CO ENTERED INTO FOURTH AMENDMENT OF AN APRIL 7, 2015 TERM LOAN AGREEMENT - SEC FILING.TYSON FOODS - AMENDMENT INCREASES AMOUNT BORROWED UNDER TERM LOAN DEAL TO $750 MILLION.  Full Article

Tyson Foods Says Acquiring Tecumseh Poultry LLC
Monday, 4 Jun 2018 04:20pm EDT 

June 4 (Reuters) - Tyson Foods Inc ::TYSON FOODS ACQUIRES ONE OF THE LEADING BRANDS OF ORGANIC CHICKEN.TYSON FOODS INC - TERMS OF DEAL ARE NOT BEING DISCLOSED.TYSON FOODS SAYS ACQUIRING TECUMSEH POULTRY LLC.  Full Article

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U.S. launches criminal probe into alleged chicken price fixing by Tyson, rivals

The U.S. Department of Justice has begun a criminal probe into allegations that Tyson Foods Inc and other poultry processors including Pilgrim's Pride Corp and Sanderson Farms Inc colluded to fix poultry prices, court documents show.