Tyson Foods Inc - Company Profile
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Business Description
Tyson Foods Inc (Tyson Foods) produces and distributes chicken, beef, pork, and prepared foods. The company markets its products to food service distributors, food retailers, hotel chains, restaurant operators, and non-commercial food service providers, including healthcare facilities, schools, convenience stores, military and food processors, and international export markets.
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R&D Overview
Tyson Foods’ R&D team focuses on product development, automation of manual processes in its processing plants and grow-out operations, and improvement of chicken breeding stock. It operates one R&D center, including the Discovery Center in Springdale, Arkansas. These research centers span across 40,000 sq. ft. of United States Department of Agriculture (USDA) pilot plant space, have two packaging labs, two consumer sensory and focused group areas, and 19 research kitchens. It enables the company to bring new retail and foodservice products to customers. In FY2023, the company incurred expenses of US$114 million on R&D, which, as a percentage of revenue, stood at 0.2%.
Business Segments
Overview
Involved in processing of live fed cattle and fabricating dressed beef carcasses into sub-primal and primal meat cuts and case-ready products. Also sells specialty products such as hides and variety meats and conducts logistics operations to move products through the supply chain.
Performance
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Overview
Involved in breeding and raising chickens, and processes live chickens into fresh, frozen, and value-added chicken products. Also includes logistic operations through domestic supply chain and the global operations of the company's chicken breeding stock subsidiary.
Performance
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Overview
Processes live market hogs and fabricates pork carcasses into primal and sub-primal meat cuts and case-ready products. Also includes operations of Tyson Foods’ live swine group, related allied product processing activities and logistics operations to move products through the supply chain.
Performance
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Overview
Manufactures and markets frozen and refrigerated food products and includes logistics operations to move products through the supply chain. Produces a range of products such as ready-to-eat sandwiches, sandwich components such as flame-grilled hamburgers and philly steaks, pepperoni, bacon, breakfast sausage, turkey, lunchmeat, hot dogs, flour and corn tortilla products, appetizers, snacks, prepared meals, ethnic foods, side dishes, meat dishes, breadsticks and processed meats. Major brands Includes Ball Park, Jimmy Dean, Hillshire Farm, Wright, State Fair, Gallo Salame, and Aidells.
Performance
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Overview
Includes the company’s foreign chicken production operations in China Australia, the Netherlands, Malaysia, Mexico, South Korea, Kingdom of Saudi Arabia and Thailand.
Performance
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Geographical Segments
Performance
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Performance
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