Tyson Foods (NYSE: TSN) is one of the world’s largest protein food companies. The company was first incorporated in 1947 as Tyson Feed and Hatchery, and after going public in 1963, it changed its name to Tyson Foods in 1972. In 2023, the company was ranked first on Fortune magazine’s list of the World’s Most Admired Companies in the Food Production category for the seventh consecutive year and generated USD 53 billion in revenue.
Tyson’s Beef segment offers meat cuts and case-ready products, in addition to specialty products such as hides and variety meats. Tyson Hides and Tanneries have been Gold-rated by the Leather Working Group since 2008. Tyson’s Pork business supplies meat cuts and case-ready products similar to its Beef segment. The Chicken segment includes raising and processing live chickens and producing value-added chicken products for the Prepared Foods segment. Under the Prepared Foods segment, Tyson’s product range includes ready-to-eat sandwiches, various sandwich meats, flour and corn tortilla products, appetizers, snacks, ethnic foods, breadsticks, and processed meats.
Approximately 86% of Tyson’s revenue comes from its US operations with only select products sold in foreign markets, primarily China, Europe, the Middle East, and Asia. In 2022, Tyson Foods launched a program to achieve USD 1 billion in productivity savings by 2024 from a 2021 cost base, which they accomplished one year ahead of schedule. Additionally, the company plans to achieve net-zero GHG emissions by 2050.
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