Tyson Foods (broiler)

Tyson Foods Inc. is an international food company focused on animal protein based in Springdale, Arkansas. Founded in 1935, the company is publicly traded on the New York Stock Exchange under the symbol TSN. Its brand and product portfolio includes Tyson, Jimmy Dean, Hillshire Farm, Ball Park, Wright, Aidell’s and State Fair. The company supplies retail and foodservice customers throughout the U.S. and approximately 115 other countries. It employs more than 142,000 people.
In its fiscal 2023, Tyson’s total operations generated $52.9 billion in sales. At the end of its fiscal 2023, Tyson reported an income loss of $648 million, well below the $3.2 billion of net income in fiscal 2022. In 2024, the company expects revenue to remain flat at $52.8 billion, with better results expected for chicken and prepared foods compared to beef.
In July 2023, Tyson Foods announced that it was switching from a no antibiotics ever (NAE) growing system to no antibiotics important to human medicine (NAIHM) production. The company initially transitioned to NAE in 2017.
The company rearranged its corporate leadership in 2023, too. In January 2023, Wes Morris became president of the company’s poultry business, replacing David Bray. Morris first joined Tyson in 1999, last serving as president of prepared food operations. In March 2023, Tyson added two executives, both reporting to CEO and president, Donnie King. Danyel Bischoff and Doug Kulka were named chief technology officer (CTO) and chief information officer (CIO), respectively. The move came after the January 2023 departure of Scott Spradley, who was CTO for the previous five years. In September, Tyson named Melanie Boulden as both the Prepared Foods Group president and chief growth officer (CGO). Boulden was originally hired as the Prepared Foods Group president in February 2023 and assumed the role of chief growth officer following the resignation of Stewart Glendinning.
In 2023, Tyson made several changes to its poultry facilities. In March 2023, the company announced a $70 million plan to upgrade its Hope, Arkansas, hatchery by the end of 2024. That same month, Tyson announced that it would cease operations in Glen Allen, Virginia, and Van Buren, Arkansas, with planned closure dates of May 12. In May 2023, Tyson completed an $83 million expansion to its cocktail sausage manufacturing facility for Hillshire Farm brand products in Claryville, Kentucky. In August 2023, the company announced the closure of four poultry plants during the first half of the 2024 fiscal year. The affected plants are located in North Little Rock, Arkansas; Corydon, Indiana; Dexter, Missouri; and Noel, Missouri. In October 2023, Tyson officially ceased operations at its poultry plant in North Little Rock, Arkansas. In November 2023, it announced intentions to close two case-ready, value-added meat plants located in Jacksonville, Florida and Columbia, South Carolina, in January 2024. That same month, the company opened a $300 million fully-cooked poultry facility in Danville, Virginia.