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Yahoo
14-05-2025
- Business
- Yahoo
US cattle producers have started rebuilding herds, or will soon, Tyson Foods CEO says
CHICAGO (Reuters) - U.S. cattle producers have started rebuilding the nation's herd or are close to doing so, Tyson Foods CEO Donnie King said on Wednesday, after supplies dwindled to a 74-year low. Tight cattle inventories have driven up beef prices for U.S. consumers and forced meatpackers, including Tyson and rivals like Cargill and JBS, to pay more for livestock to slaughter. Farmers slashed their herds by sending more animals to slaughter instead of keeping them to reproduce following a years-long drought that reduced grazing lands and raised prices for livestock feed. Ongoing dryness over the past year had discouraged producers from starting the rebuilding process, which can take roughly two years. "Everybody is hesitant, including me, to call that we are now in rebuild," King said on a webcast of BMO's Farm to Market Conference. "If we're not, we're very close." Tyson reported an adjusted operating loss of $181 million in its beef business in the six months that ended on March 29. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Reuters
14-05-2025
- Business
- Reuters
US cattle producers have started rebuilding herds, or will soon, Tyson Foods CEO says
CHICAGO, May 14 (Reuters) - U.S. cattle producers have started rebuilding the nation's herd or are close to doing so, Tyson Foods (TSN.N), opens new tab CEO Donnie King said on Wednesday, after supplies dwindled to a 74-year low. Tight cattle inventories have driven up beef prices for U.S. consumers and forced meatpackers, including Tyson and rivals like Cargill and JBS, to pay more for livestock to slaughter. Farmers slashed their herds by sending more animals to slaughter instead of keeping them to reproduce following a years-long drought that reduced grazing lands and raised prices for livestock feed. Ongoing dryness over the past year had discouraged producers from starting the rebuilding process, which can take roughly two years. "Everybody is hesitant, including me, to call that we are now in rebuild," King said on a webcast of BMO's Farm to Market Conference. "If we're not, we're very close." Tyson reported an adjusted operating loss of $181 million in its beef business in the six months that ended on March 29.
Fox News
07-05-2025
- Business
- Fox News
Food maker eliminating synthetic dyes from ingredients by end of May
The company behind Jimmy Dean and Hillshire Farm food products is making a key ingredient change amid a push from U.S. Health and Human Services Secretary Robert F. Kennedy Jr. Tyson Foods will remove all petroleum-based synthetic dyes from its products by the end of this month. Donnie King, president and chief executive officer of the Arkansas-based company, announced the news during an earnings call on Monday. EVERYTHING TO KNOW ABOUT MAHA "As a recognized leader in protein, none of the products Tyson Foods offers through our school nutrition programs include petroleum-based synthetic dyes as ingredients," King said. Most of the company's retail-branded Tyson products, including its chicken nuggets, "do not contain any of these types of dyes, and we have been proactively reformulating those few products that do," he said. "We expect that our work to eliminate the use of petroleum-based synthetic dyes in production will be completed by the end of May." CLICK HERE TO SIGN UP FOR OUR LIFESTYLE NEWSLETTER That's ahead of the U.S. Food and Drug Administration's (FDA) deadline for food manufacturers "to eliminate six remaining synthetic dyes – FD&C Green No. 3, FD&C Red No. 40, FD&C Yellow No. 5, FD&C Yellow No. 6, FD&C Blue No. 1 and FD&C Blue No. 2 – from the food supply by the end of next year," he said. The FDA previously called for the removal of red dye from foods, dietary supplements and ingested medicines in January, as Fox News Digital reported at the time. For more Lifestyle articles, visit PepsiCo's chair and chief executive officer announced on April 24 that its popular snack foods like Lay's and Tostitos "will be out of artificial colors by the end of this year." Tyson Foods, along with its subsidiaries, operates several major brands, including Ball Park, Hillshire Farm, Jimmy Dean and Wright Brand. CLICK HERE TO GET THE FOX NEWS APP A spokesperson for Tyson Foods told Fox News Digital the company declined to provide further comment.
Epoch Times
06-05-2025
- Health
- Epoch Times
Tyson Foods Says It Will Eliminate Synthetic Dyes From Food Products by May
Tyson Foods said on May 5 that it was working to eliminate the use of petroleum-based synthetic dyes in its food production and is expecting to complete this by the end of the month. Tyson Foods CEO Donnie King made the announcement during an earnings call with investors, saying the company has been 'proactively reformulating' food products that contain any type of synthetic dyes. King did not specify a date for when this elimination process will be completed, but noted that most of Tyson Foods' products, including its chicken nuggets, already do not include such dyes. He added that none of the products offered through school nutrition programs contain petroleum-based synthetic dyes as ingredients. Health and Human Services (HHS) Secretary Robert F. Kennedy Jr. praised Tyson Foods for taking swift action in response to the agency's plan to phase out those types of dyes from the nation's food supply. 'I look forward to seeing more companies follow suit and put the health of Americans first. Together, we will make America Healthy Again,' he Related Stories 4/10/2025 5/30/2024 On April 22, HHS and the U.S. Food and Drug Administration (FDA) FDA Commissioner Marty Makary called on food companies to use natural ingredients in their food products instead, citing concerns over the potential impacts of petrochemical dyes on children's health. 'We have a new epidemic of childhood diabetes, obesity, depression, and ADHD,' Makary said in a Studies have linked artificial dyes with various neurobehavioral problems, according to a 2021 According to the report, the number of American children and adolescents diagnosed with ADHD has increased from an estimated 6.1 percent to 10.2 percent over the past 20 years. The FDA in January Previously, in March, Kennedy 'They said it's going to take us a while,' Kennedy Zachary Stieber contributed to this report.
Yahoo
05-05-2025
- Business
- Yahoo
Tyson Eyes $2.3 Billion Turnaround -- Chicken Powers Its Boldest Shift in Years
Tyson Foods (NYSE:TSN) just delivered a mixed bagand the market better pay attention to what's really cooking. At first glance, the numbers look underwhelming: Q2 sales were flat, and GAAP earnings per share plunged 95% to just $0.02. But under the hood? Adjusted EPS jumped 48% to $0.92. The real heroes? Chicken and prepared foods. Tyson's pivot from low-margin beef to high-demand, branded proteins is working. CEO Donnie King made it clear: operational discipline, digital transformation, and a focus on value-added products are finally driving results. Warning! GuruFocus has detected 9 Warning Signs with TSN. But let's not sugarcoat itbeef is still dragging. Tyson expects up to $400 million in adjusted losses for that segment in fiscal 2025. Meanwhile, chicken is doing the heavy lifting, with forecasted profits between $1.0 and $1.3 billion. Prepared foods aren't far behind, expected to bring in up to $1.1 billion. And while free cash flow dipped 31% from last year, Tyson still slashed $738 million in debt and held onto $3.2 billion in liquidity. The outlook? Adjusted operating income between $1.9 and $2.3 billioneven after a $343 million legal hit baked into Q2 sales. The market didn't love it, shares dropped 8% at 12.59pm after the release, spooked by that legal charge and flat topline growth. But look closer: Tyson's adjusted operating margin climbed to 3.8% from 3.1% a year ago. That's no small win. It signals cost controls and pricing are finally working. And over the last decade, revenue has steadily climbed while net income and EBITDA have been choppyso margin expansion isn't just nice to have, it's mission-critical. Thin margins break under pressure. Strong ones give companies room to breathe, react, and win. Margins matter, and Tyson just reminded investors why. Tyson Foods might not be flashy, but its next act could be all about quiet strength This article first appeared on GuruFocus. Sign in to access your portfolio
