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Tyson Foods latest news:
Tyson weighs sites for $320 mln chicken plant after Kansas town objects
CHICAGO, Nov 13 (Reuters) - Tyson Foods Inc is
weighing new sites for a $320 million chicken slaughterhouse
after opposition from residents of a small Kansas town picked
for the project, the chief executive said on Monday.
Tyson shares top one-year high as low feed costs boost margins
(Reuters) - Tyson Foods Inc shares climbed to their highest level in more than a year on Monday as the No. 1 U.S. meat processor said low prices for livestock feed will help boost results again next year.
Tyson shares rise after earnings and sales beat
Tyson Foods Inc. shares rose 3.9% in Monday premarket trading after the company reported fourth-quarter earnings and sales beat estimates. Net income totaled $394.0 million, or $1.07 per share, up from $391.0 million, or $1.03 per share, for the same period last year. Adjusted EPS was $1.43, beating the $1.35 FactSet consensus. Revenue was $10.1 billion, up from $9.2 billion last year and beating the $9.9 billion FactSet estimate. Tyson brands include Jimmy Dean, Hillshire Farm, Ball Park and its namesake. The company began to divest itself of non-protein businesses during the quarter, part of an effort to focus on protein brands. And the company is integrating AdvancePierre Foods, a recent acquisition, that will provide manufacturing capabilities for sandwiches and prepared foods and increase Tyson's presence at convenience stores, according to a statement from Chief Executive Tom Hayes. The company expects $200 million in savings in fiscal 2018, fiscal year capital expenditures of $1.4 billion, and doesn't plan to repurchase shares until it a net debt of around twice EBITDA (earnings before interest, taxes, depreciation and amortization). Tyson shares are up 13.1% for the last three months, and up 20.2% for the year so far. The S&P 500 index is up 15.3% for 2017 to date.Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.
Tyson Foods and KB Home advance while Merck skids
Tyson Foods and KB Home trade higher while Merck and Parsley Energy fall
Tyson shares jump after company ups outlook, announces layoffs
Shares of Tyson Foods Inc. jumped more than 7% late Thursday after the company raised its outlook and announced a restructuring that includes layoffs. Thanks to "much better than expected" profit in the beef segment, the company upped its forecast for fiscal 2017's adjusted per-share earnings to between $5.20 a share and $5.30 a share, from $4.95 a share to $5.05 a share. Guidance for fiscal 2018 was set for adjusted earnings of $5.70 a share to $5.85 a share. Tyson plans to reduce its headcount by 450 jobs across several areas and levels, with most the eliminated positions coming from corporate offices, the company said in a statement. In its fiscal fourth-quarter earnings report on Nov. 13, Tyson plans to report restructuring and other charges of $140 million to $150 million, it said. The restructuring aims to save $200 million, $400 million and $600 million over fiscal years 2018, 2019 and 2020, the company said. Shares of Tyson ended the regular trading day down 1.1%. Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.
BRIEF-Tyson Foods sees adj. EPS $5.20-5.30 for FY17
* Tyson Foods boosts FY2017 EPS guidance on strong beef
U.S. says Tyson poultry pleads guilty over Missouri spill, to pay $2 mln
WASHINGTON, Sept 27 (Reuters) - Tyson Foods Inc's
poultry unit on Wednesday pleaded guilty in federal court to two
criminal charges stemming from discharged feed supplement at a
company facility in Missouri, the U.S. Department of Justice
said in a statement.
Hurricane Irma whips orange trees, shuts Tyson meat plants
Hurricane Irma stripped oranges from trees and prompted Tyson Foods Inc (TSN) to shut meat plants in Florida and Georgia on Monday to keep workers safe. Tyson, the biggest U.S. meat company, hopes to resume normal operations soon at chicken plants it shuttered in Cumming, Dawson and Vienna, Georgia, and at a beef facility in Jacksonville, Florida, spokesman Derek Burleson said.
Tyson Foods to build $320 million poultry plant in eastern Kansas
Tyson Foods Inc. said Tuesday it is planning to build a $320 million poultry complex in eastern Kansas, in response to strong demand for chicken. The company will build a processing plant, hatchery and feed mill, close to the city of Tonganoxie, in Leavenworth County, creating about 1,600 jobs. The company will contract with local farmers and ranchers to raise chickens. Production is scheduled to begin in mid-2019. The plant will have the capacity to process 1.25 million birds a week and is expected to generate an annual economic benefit of $150 million for the state of Kansas. Tyson currently employs roughly 5,700 people in Kansas and has an annual payroll of more than $210 million. Shares were flat Tuesday, but have gained 4.5% in 2017, while the S&P 500 has gained 9.5%. Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.
Tyson Foods says inquiry into price-fixing claims is closed
Tyson Foods says investigation into allegations of price-fixing has ended, it likely won't face disciplinary action
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