Articles tagged under: Tyson Foods
Tyson Updates Quarterly Financials
Published August 8, 2022
Tyson Foods reports third quarter net income of $753 million, which is nearly equal to the same quarter one year ago. Beef sales volume increased one percent. Pork sales rose 1.7 percent and chicken sales were up 2.1 percent. Strong…JBS Settles Price Fixing Lawsuit
Published February 3, 2022
While not admitting liability, JBS SA agreed to pay $52.5 million to settle a beef price-fixing lawsuit. The allegations are JBS, Cargill, National Beef Packing and Tyson Foods conspired to limit slaughter volumes. This settlement still needs to be approved…Tyson Looks to Automation
Published November 15, 2021
Tyson Foods is reporting fiscal fourth quarter net income of $1.36 billion on sales of $12.81 billion. That compare to last year’s fourth quarter income of $654 million on sales of $11.46 billion. In a statement, Tyson CEO Donnie King…Tyson to Meet Vax Deadline
Published October 27, 2021
Tyson Foods has announced 96 percent of its workforce is fully vaccinated against COVID-19. In early August, Tyson said it would require the vaccination by November 1st. Tyson Foods is one of the world’s largest food companies and one the…Beef Supply Chain Issues Highlighted on Capitol Hill
Published July 29, 2021
The fire at the Holcomb, Kansas packing plant, the JBS cyberattack and COVID-19 resulted in a historic spread between live animal prices and retail meat prices. National Farmers Union President Rob Larew testified before the Senate Judiciary Committee Wednesday, saying…Tyson Foods Replaces CEO
Published June 2, 2021
Tyson Foods has a new Chief Executive Officer. Former CEO Dean Banks stepped down from the role and is succeeded by Donnie King, the company’s former chief operating officer. According to Tyson Foods, Banks left the company for personal reasons.…Meat Packers Respond to COVID Investigation
Published February 1, 2021
In response to letters from the House Subcommittee on the COVID Crisis, Tyson Foods said the top priority will always be the health and safety of their people. Smithfield Foods Chief Administrative Officer Kiera Lombardo said Smithfield Foods has taken…Lawmakers Investigate Meat Packing Plant COVID Outbreaks
Published February 1, 2021
The House Subcommittee on the COVID Crisis is investigating the impact of the coronavirus pandemic on meatpacking industry workers. In letters sent to JBS USA, OSHA, Smithfield Foods and Tyson Foods, the subcommittee said meatpacking companies refused to take basic…A Settlement in Chicken Price-Fixing Case
Published January 12, 2021
The two largest U.S. chicken producers have settled with the government, resolving a legal fight over allegations of price fixing. Tyson Foods has not disclosed the settlement figure, but Pilgrim’s Pride paid $75 million to settle the civil claims. Neither…