Tyson Foods announced it will drop its “no antibiotics ever” label on some of its chicken products after it decided to reintroduce certain drugs in its chickens. This comes eight years after the Arkansas-based meat and poultry producer said it planned to remove antibiotics from its products, reported The Wall Street Journal. The largest poultry seller in…
Tyson Foods Will Remove ‘No Antibiotics’ Label on Some Chicken Products
Tyson Laying Off 15 Percent of Senior Leadership, 10 Percent of Corporate Workers
Tyson Foods will slash its senior leadership and corporate roles in a bid to improve efficiency, which comes as the company reported dismal financial numbers in the first quarter 2023 fiscal year. In a memo (pdf) to employees on Wednesday, Tyson Foods CEO Donnie King said that one of the ways the company plans on…
Tyson Foods Drops COVID-19 Vaccine Mandate
November 22, 2022
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AMERICABusiness & MarketsBusinesses in COVID-19CCP VirusCOVID-19economyTyson FoodsUSUS NewsVaccines & Safety
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Tyson Foods Inc., one of the largest U.S. food companies, confirmed that last week that it removed its requirement that employees receive COVID-19 vaccines in order to work. Tyson, considered the largest American meat company by sales, lifted the mandate several weeks ago, one year after imposing it, according to a report Tyson filed with…
Tyson Foods Latest Large Business to Flee Chicago Amid Crime Wave
October 10, 2022
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Tyson Foods is the latest major corporation to flee Chicago, like Boeing and Caterpillar, due to out of control crime rates under its Democrat mayor, Lori Lightfoot. Chicago has faced a number of corporate departures in recent months, almost three years into the city’s unprecedented crime wave. Shootings, robberies, and other forms of violence have…
Tyson Foods Beats Revenue Estimates as Chicken Prices Soar
Tyson Foods Inc. quarterly revenue exceeded analysts’ estimates on Monday as prices for its chicken climbed. Still, earnings per share missed analysts’ estimates, sending shares lower. Packaged food makers have so far faced little pushback from consumers on price increases forced by surging costs, but analysts and companies have raised concerns that demand may suffer….
Tyson Foods Misses Earnings, Warns of Supply Constraints; Shares Fall
Tyson Foods shares fell 10 percent on Monday as the U.S. meat processor reported weaker-than-expected quarterly earnings and warned of supply constraints and reduced demand for high-priced beef. The sell-off left shares down about 8 percent for the year and 20 percent from an all-time high reached in February, as inflation and broader economic concerns bite…
Tyson Foods Eases Mask Mandate At Some US Facilities, But Not At Meatpacking Plants
February 16, 2022
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Tyson Foods said on Feb. 15, that it would lift its mask mandate for fully vaccinated employees at certain U.S. facilities, except those working at meatpacking plants for now. The meatpacking company said that its new policy applies to employees at facilities not under the supervision of the U.S. Department of Agriculture’s Food Safety and…
US Detects Highly Lethal Bird Flu in Tyson Foods Chickens
February 15, 2022
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CHICAGO—A flock of about 240,000 chickens owned by Tyson Foods Inc. in Kentucky tested positive for a highly lethal form of bird flu, government officials and the company said on Monday, widening an outbreak that threatens the U.S. poultry industry. Infections in the chickens being raised for meat triggered more restrictions on U.S. exports, with…
Tyson Foods Reports Forecast-Beating Profits, Helped Along by Higher Consumer Prices
Meat processing giant Tyson Foods saw its shares surge by nearly 12 percent on opening bell Monday after the company reported forecast-beating fiscal first-quarter profits, boosted by higher consumer prices amid the broader inflationary environment. Tyson Foods, the biggest U.S. producer of processed chicken and beef, reported net income of $1.126 billion in the company’s…
Tyson Automating Meat-Processing Plants, Reducing Labor Costs, Improving Efficiency
Tyson Foods is planning on investing over $1.3 billion over the next three years in new automation capabilities, according to an announcement on Thursday, as part of the company’s efforts to improve savings and reduce labor costs. Tyson, the largest American meat company by sales, said that it has invested around $70 million this year…
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