Tyson Foods Inc.(TSN)- NYSE
  • Tue, Sep. 27, 9:05 PM
    • Tyson Foods (NYSE:TSN) says it is recalling 60 tons of fully cooked chicken nuggets that may be contaminated with hard plastic.
    • TSN says a “small number of consumers” said they found pieces of hard, white plastic in the nuggets, which the company says may have come from a rod used in the manufacturing process; there are no confirmed reports of adverse reactions to the products.
    • TSN says the nuggets were supplied to Costco stores and a Pennsylvania wholesaler.
    | Tue, Sep. 27, 9:05 PM | 1 Comment
  • Thu, Sep. 8, 12:24 PM
    • Tyson Foods (TSN -0.8%) updated shareholders during a presentation today a the Barclays Global Consumer Staples Conference.
    • FY16 EPS of $4.40-4.50 is seen. "We’re confident we can achieve high single digit growth in fiscal 2017,” said CEO Donnie Smith.
    • “Beyond dividends and share buybacks, we’ll use our substantial cash flows to invest in our business or make strategic acquisitions,” added Smith.
    • Tyson says its Core 9” product lines (Tyson, Jimmy Dean, Hillshire Farm, Ball Park, Wright, Aidells and State Fair brands) are growing and gaining momentum.
    • Source: Press Release
    | Thu, Sep. 8, 12:24 PM
  • Mon, Aug. 8, 5:18 PM
    • Tyson Foods (NYSE:TSN) declares $0.15/share quarterly dividend, in line with previous.
    • Forward yield 0.81%
    • Payable Dec. 15; for shareholders of record Dec. 1; ex-div Nov. 29.
    | Mon, Aug. 8, 5:18 PM | 1 Comment
  • Mon, Aug. 8, 8:09 AM
    • Tyson Foods (NYSE:TSN) reports total sales volume declined 2.7% in FQ3.
    • Segment Sales: Chicken: $2.743B (-0.5%); Beef: $3.783B (-12.1%); Pork: $1.271B (+5.3%); Prepared Foods: $1.809B (-0.1%); Other: $99M (-59.4%).
    • Segment Volume change: Chicken -0.9%; Beef +2.9%; Pork -1.7%; Prepared Foods +1.9%.
    • Segment Average Price change: Chicken +0.4%; Beef -14.6%; Pork +7.2%; Prepared Foods -1.9%.
    • Gross margin rate improved 320 bps to 13%.
    • SG&A expense rate grew 70 bps to 4.9%.
    • Operating margin by segment: Chicken 13.9%, Beef 2.4%, Pork 9.6%, Prepared Foods 10.9%.
    • Adjusted operating margin rate expanded 260 bps to 8.2%.
    • The company expects overall domestic protein production to increase ~2% to 3% (Y/Y) in FY2017.
    • FY2016 Guidance: Sales: ~$37B; Chicken operating margin: ~ more than 12%; Beef: normalized range of 1.5% - 3%; Pork operating margin: above 10%; Prepared Foods operating margin: normalized range of 10% - 12%; Other operating loss: ~$90M; Adjusted EPS: $4.40 - $4.50; Capital expenditure: ~725M; Net interest expense: ~$245M; Liquidity: in excess of $1.2B.
    • TSN +2.87% premarket.
    | Mon, Aug. 8, 8:09 AM
  • Mon, Aug. 8, 7:32 AM
    • Tyson Foods (NYSE:TSN): FQ3 EPS of $1.21 beats by $0.15.
    • Revenue of $9.4B (-6.7% Y/Y) beats by $70M.
    • Press Release
    | Mon, Aug. 8, 7:32 AM
  • Sun, Aug. 7, 5:30 PM
    | Sun, Aug. 7, 5:30 PM | 11 Comments
  • Mon, Jul. 11, 2:12 PM
    • A bill requiring food companies to label GMO ingredients was approved by the U.S. Senate by a 63 to 30 vote and now heads to the House of Representatives.
    • The negotiated bill requires food companies to label genetically modified food by a phrase, symbol on the package, or a bar code that can be scanned by smartphones.
    • The Department of agriculture still has two years to write the precise labeling rules if the House approves the bill.
    • The passage of the bill is seen as a positive for the food sector as the alternative of having to adhere to state-by-state rules could create operational chaos for national sellers.
    • Food stocks: SENEA, SENEB, THS, OTCPK:NCRA, CPB, MDLZ, GIS, OTCPK:NSRGY,  FLO, CAG, DF, SJM,DF, ANFI, JJSF, WWAV, UL, OTCQX:DANOY, OTCPK:PLATF, POST, K, PEP, DMND, PF, HAIN, KO, BETR, KHC, WILC, PPC, PF, LWAY, HRL, TSN, DTEA, SAFM, BRID.
    | Mon, Jul. 11, 2:12 PM | 37 Comments
  • Mon, Jun. 6, 10:04 AM
    • BMO Capital takes a dimmer view on the upside for meat producers after factoring in the strong rally in the sector which has pushed up valuation levels.
    • Tyson Foods (TSN -3.4%) and Pilgrim's Pride (PPC -3%) are both moved by BMO to Market Perform from Outperform.
    • BMO set a price target of $69 on TSN and PPC caught a $27 PT.
    • It's a weak day across the sector with Sanderson Farms (SAFM -1.9%), Hormel (HRL -0.7%) and JBS (OTCQX:JBSAY -2.3%) ADRs all lower.
    • Related sector news: Plant-based hamburger startup creates some interesting sizzle (June 4)
    | Mon, Jun. 6, 10:04 AM | 2 Comments
  • Sat, Jun. 4, 1:19 PM
    • Impossible Foods aims to disrupt the food industry by developing meat products from plant-based ingredients. Launched by a top biochemist from Stanford, the startup says it's on the verge of offering meat lovers an alternative that looks, smells, and even sizzles (video) like regular ground beef.
    • Science timeout: Impossible honed in on a molecule called heme that catalyzes the flavors in meat. A legume-derived heme-containing protein is put to the task of creating the meat taste that even top chefs have raved about.
    • The first Impossible Burgers are expected to be launched this year in the U.S.
    • Notable names are taking in an interest in the concept. During the last venture capital round, Impossible brought in fresh funds from Bill Gates and Hong Kong tycoon Li Ka-shing. Former Nest/Google exec Tony Fadell is also an angel investor. Impossible Foods CEO Patrick Brown confirmed at Recode's Code conference that the company turned down an offer from Google (pre-Alphabet split) for somewhere between $200M and $300M.
    • If the startup were to ramp up at scale, the development might be something to watch for meat giants such as Cargill, Tyson Foods (NYSE:TSN), JBS (OTC:JBSAF), and National Beef Packaging Company (NYSE:LUK). Kraft Heinz (NASDAQ:KHC) and Kellogg (NYSE:K) are already active in the frozen veggie burger category, while Whole Foods Market (NASDAQ:WFM) has been dabbling with indie brands. There's also an interesting tie-in with McDonald's (NYSE:MCD) looking to appeal to millennials and Chipotle (NYSE:CMG) working on developing a "better burger" concept.
    | Sat, Jun. 4, 1:19 PM | 95 Comments
  • Wed, May 25, 11:44 AM
    • Tyson Foods (TSN -0.1%) is launching its own investigation into a chicken farm in Tennessee where an activist group filmed alleged abuses.
    • "If our investigation into this farm uncovers anything wrong, we will immediately address it," notes a Tyson spokesperson.
    | Wed, May 25, 11:44 AM | 4 Comments
  • Wed, May 11, 11:22 AM
    • Tyson Foods (TSN -0.8%) emerged victorious from a legal battle over the use of the phrase "Park's Finest" to describe a line of hot dogs made by the Hillshire Brands unit.
    • The judge in the case tossed out the lawsuit filed by Parks LLC after determining that consumers weren't being deceived with Tyson's advertising.
    | Wed, May 11, 11:22 AM
  • Mon, May 9, 4:45 PM
    • Tyson Foods (NYSE:TSN) declares $0.15/share quarterly dividend, in line with previous.
    • Forward yield 0.88%
    • Payable Sept. 15; for shareholders of record Sept. 1; ex-div Aug. 30.
    | Mon, May 9, 4:45 PM
  • Mon, May 9, 12:33 PM
    | Mon, May 9, 12:33 PM
  • Mon, May 9, 9:00 AM
    • Tyson Foods (NYSE:TSN) is setting new all-time highs in early trading after the company boosted its profit outlook.
    • The company expects full-year EPS of $4.20 to $4.30 vs. $3.85 to $3.95 prior and $4.06 consensus.
    • Strong demand for meat products and low costs for animal feed continues to help Tyson's bottom line.
    • TSN +4.09% premarket to $69.99 to top the $68.84 high set earlier in the month.
    • Previously: Tyson Foods beats by $0.11, beats on revenue (May 9)
    | Mon, May 9, 9:00 AM
  • Mon, May 9, 7:32 AM
    • Tyson Foods (NYSE:TSN): FQ2 EPS of $1.07 beats by $0.11.
    • Revenue of $9.17B (-8.1% Y/Y) beats by $130M.
    • Shares +2.6% PM.
    • Press Release
    | Mon, May 9, 7:32 AM
  • Sun, May 8, 5:30 PM
    | Sun, May 8, 5:30 PM | 15 Comments