Tyson Foods Inc.NYSE
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  • Yesterday, 3:44 PM
    • Tyson Foods (NYSE:TSN) is up 4.35% as investors continue to snap up shares following yesterday's presentation at the Bernstein Consumer Summit.
    • CFO Dennis Leatherby drew attention when he said the company is positioned to make another Hillshire-sized acquisition.
    • A confident tone was also struck by Tyson management over the price collusion allegations.
    • Tysons says it's having a a good beginning to the fiscal year. "The first quarter is off to a phenomenal start," noted CEO Tom Hayes.
    | Yesterday, 3:44 PM
  • Mon, Dec. 5, 7:52 AM
    • Tyson Foods (NYSE:TSN) launches a venture capital fund focused on investing in companies developing breakthrough technologies, business models and products.
    • The company says the Tyson New Ventures fund will have $150M to complement its current investments in innovation.
    • Tyson New Ventures will be based in Chicago and led by Mary Kay James, who has been named vice president and general manager.
    • “We intend to collaborate with promising food entrepreneurs who are pioneering new products and technology that are making meaningful changes and improvement to food systems,” says strategy VP Monica McGurk.
    • TSN +0.02% after hours to $57.06.
    • Source: Press Release
    | Mon, Dec. 5, 7:52 AM
  • Wed, Nov. 30, 3:57 PM
    | Wed, Nov. 30, 3:57 PM
  • Tue, Nov. 29, 7:35 AM
    • Tyson Foods (NYSE:TSN) has a deadline in front of it to produce an affidavit with data on chicken prices.
    • The state of Georgia is planning on reworking its pricing index after allegations of price collusion in the chicken industry and concerns over the quality of the index.
    • A breakdown on the closely-watched Georgia Dock price index arrived earlier this month from SA contributor ManBearChicken.
    | Tue, Nov. 29, 7:35 AM
  • Mon, Nov. 21, 12:41 PM
    | Mon, Nov. 21, 12:41 PM
  • Mon, Nov. 21, 12:01 PM
    | Mon, Nov. 21, 12:01 PM
  • Mon, Nov. 21, 10:24 AM
    • Execs with Tyson Foods (TSN -16%) said during today's earnings conference call that they expect beef and pork costs to fall in FY17. The company is already seeing a favorable trend with livestock costs falling faster than retail prices.
    • An important point of distinction from Tyson is that the CEO switch announced earlier had "nothing to do" with the chicken pricing lawsuit.
    • Shares of Tyson are at their lowerst level since February after elevated soy meal costs clipped FQ4 results.
    • Source: Bloomberg and Tyson earnings call webcast
    • Previously: Tyson announces CEO succession (Nov. 21)
    • Previously: Tyson Foods lower on earnings miss (Nov. 21)
    | Mon, Nov. 21, 10:24 AM | 1 Comment
  • Mon, Nov. 21, 9:15 AM
    | Mon, Nov. 21, 9:15 AM
  • Mon, Nov. 21, 7:58 AM
    • Tyson Foods (NYSE:TSN) reports total sales volume fell 8.2% in FQ4.
    • Segment Sales: Chicken: $2.81B (-7%); Beef: $3.48B (-21.2%); Pork: $1.24B (-5.8%); Prepared Foods: $1.84B (-8.5%); Other: $96M (-11.1%).
    • Segment Volume change: Chicken: -10.1%; Beef: -7.4%; Pork: -6.8%; Prepared Foods: -4.8%; Other: -11.8%.
    • Segment Average Price change: Chicken: +3.5%; Beef: -14.9%; Pork: +1%; Prepared Foods: -3.9%; Other: +1.6%.
    • Gross margin rate rose 250 bps to 11.9%.
    • SG&A expense rate up 130 bps to 5.5%.
    • Adjusted operating margin rate grew 60 bps to 6.4%.
    • The company expects overall domestic protein production to increase ~2% to 3% (Y/Y) in FY2017.
    • FY2017 Guidance: Sales: flat Y/Y; Chicken operating margin: ~ upper end of normalized range of 9% to 11%; Beef: above normalized range of 1.5% - 3%; Pork operating margin: at least 10%; Prepared Foods operating margin: flat Y/Y; Other operating loss: ~$70M; Adjusted EPS: $4.70 - $4.85; Capital expenditure: ~1B; Net interest expense: ~$225M; Liquidity: in range of $1B.
    • TSN -8.55% premarket.
    | Mon, Nov. 21, 7:58 AM | 3 Comments
  • Mon, Nov. 21, 7:39 AM
    • Tyson Foods (NYSE:TSN) announces that Tom Hayes will succeed the retiring Donnie Smith as CEO on December 31.
    • Hayes will continue to serve as president at the meat company and has been appointed to the board, effective immediately.
    • Smith, who has been CEO of Tyson Foods since November 2009, will be available to consult with Tyson for a three-year period.
    • Previously: Tyson Foods misses by $0.21, misses on revenue (Nov. 21)
    • Source: Press Release
    | Mon, Nov. 21, 7:39 AM | 1 Comment
  • Mon, Nov. 21, 7:35 AM
    • Tyson Foods (NYSE:TSN): FQ4 EPS of $0.96 misses by $0.21.
    • Revenue of $9.16B (-6.1% Y/Y) misses by $220M.
    • Shares -4.99% PM.
    • Press Release
    | Mon, Nov. 21, 7:35 AM | 4 Comments
  • Sun, Nov. 20, 5:30 PM
  • Thu, Nov. 17, 10:25 AM
    • Meat stocks are lower in early action after The Washington Post divulges a damaging Georgia Department of Agriculture memo.
    • An employee is quoted as saying that training for producing price reports was "inadequate, inconsistent and sometimes in error."
    • The implication is that chicken prices may have been artificially inflated within the industry for years.
    • On watch: Tyson Foods (TSN -4.3%), Pilgrim's Pride (PPC -7.4%), Sanderson Farms (SAFM -5.3%).
    | Thu, Nov. 17, 10:25 AM | 8 Comments
  • Mon, Nov. 14, 2:55 PM
    • Moody's upgrades the senior unsecured debt ratings on Tyson Foods (TSN +3.3%) to Baa2 from Baa3. The ratings outlook is Stable.
    • The ratings agency says "improved earnings diversity" and "restored" financial metrics are in place two years after the Hillshire Brands acquisition. In particular, Moody's notes that Tyson's debt-to-EBITDA ratio is back down to below 2.0 from 3.3.
    • Moody's thinks Tyson's senior management will align future strategy with a goal to maintain an investment grade profile.
    • Moody's report on Tyson
    | Mon, Nov. 14, 2:55 PM
  • Tue, Nov. 8, 2:58 PM
    • Food stocks are getting gobbled after a report circulates indicating that 3G is prepping for another acquisition.
    • Sources tell Brazil Journal that 3G is raising between $8B and $10B for the new deal.
    • Gainers on the day include Mondelez International (MDLZ +4%), G. Will Food-International <<WILC,>> Kraft Heinz (KHC +2.8%), Pilgrim's Pride (PPC +2.9%), Lifeway Foods (LWAY +1.2%), Pinnacle Foods (PF +0.8%), Tyson Foods (TSN +1.4%), Seneca Foods (SENEB), Campbell Soup (CPB +3.6%), General Mills (GIS +3%), Kellogg (K +2.8%), Flower Foods (FLO +1.4%) and J.M. Smucker (SJM +1.1%).
    • The PowerShares Dynamic Foods & Beverage ETF (NYSEARCA:PBJ) is up 1.93% on the day.
    | Tue, Nov. 8, 2:58 PM | 39 Comments
  • Fri, Nov. 4, 11:14 AM
    • Meat stocks are having a rough day after a story in The New York Times throws a spotlight on the elevated level of chicken pricing. Other protein prices have subsided amid an abundant level of corn and soybeans.
    • The industry is under scrutiny for setting prices in accordance with the obscure Georgia Dock Index which relies on reporting from major producers.
    • Chicken sellers denied allegations of market collusion earlier this year.
    • Tyson Foods (TSN -3%), Sanderson Farms (SAFM -6%) and Pilgrim's Pride (PPC -5.5%) are all lower on the day in reaction.
    | Fri, Nov. 4, 11:14 AM | 8 Comments