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Search resuls for: "Tyson Foods"


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☆ Tyson CFO apologizes after arrest for allegedly drunkenly entering woman’s home and sleeping in her bed
  + stars: | 2022-11-14 | by ( Amelia Lucas | ) www.nbcnews.com   time to read: +1 min
Tyson Foods CFO John Tyson apologized to investors on Monday for his arrest for public intoxication and trespassing. A woman who did not know him allegedly found him asleep in her bed around 2 a.m., according to the preliminary arrest report. Tyson, 32, is also the great-grandson of founder John W. Tyson. He was tapped as chief financial officer of the meat giant in late September after serving as the company’s chief sustainability officer. The company’s fiscal fourth-quarter earnings fell short of Wall Street’s estimates, but its revenue topped estimates.
☆ Tyson Earnings Fall as Beef Demand Sinks
  + stars: | 2022-11-14 | by ( Dean Seal | ) www.wsj.com   time to read: 1 min
Tyson Foods Inc. said earnings fell sharply in its fiscal fourth quarter with profit from its beef business down by nearly two-thirds as demand for premium cuts dried up from elevated levels a year ago. Tyson’s chicken business, however, swung to a profit from a year earlier, with prices up 18.2%, helping to offset higher feed and other costs.
☆ Tyson Foods board oversees review of finance chief's arrest
  + stars: | 2022-11-14 | by ( ) www.reuters.com   time to read: +1 min
CHICAGO, Nov 14 (Reuters) - Tyson Foods' board of directors is overseeing a "thorough review" of the recent arrest of Chief Financial Officer John R. Tyson on charges that he trespassed at a young woman's house while intoxicated, Chief Executive Officer Donnie King said on Monday. John R. Tyson, great-grandson of the meat company's founder, apologized during a quarterly earnings call for his Nov. 6 arrest for criminal trespassing and public intoxication in Fayetteville, Arkansas. "I'm embarrassed and I want to let you know that I take full responsibility for my action," said Tyson, 32. John R. Tyson is the son of the chairman of the company’s board of directors, John H. Tyson. The board is independent, King told analysts on the earnings call.
☆ Tyson Foods sees sales above estimates on steady demand
  + stars: | 2022-11-14 | by ( ) www.reuters.com   time to read: +1 min
Nov 14 (Reuters) - U.S. meatpacker Tyson Foods Inc (TSN.N) on Monday forecast full-year sales above Wall Street estimates, signaling steady demand for its higher-priced chicken and beef despite decades-high levels of inflation. Packaged food makers like Tyson Foods have so far witnessed very little pushback from consumers on price increases, which were undertaken due to rising costs. Sales volume at the company's chicken business, the largest after beef, increased 1.1% in the fourth quarter, even as Tyson raised prices by an average 18.2%. The company's sales rose to $13.74 billion, from $12.81 billion, beating analysts' average estimate of $13.50 billion, according to IBES data from Refinitiv. The Springdale, Arkansas-based company also projected full-year 2023 sales between $55 billion and $57 billion, compared with analysts' expectation of $53.60 billion, according to IBES data from Refinitiv.
☆ Tyson Foods CFO Apologizes Again for Behavior as Company Profit Is Pressured
  + stars: | 2022-11-14 | by ( Patrick Thomas | ) www.wsj.com   time to read: 1 min
Tyson Foods Inc. Chief Financial Officer John R. Tyson on Monday apologized again after his arrest last week, and the company said its board was launching a review of the incident. Mr. Tyson, the 32-year-old son of the meat giant’s chairman, was arrested on Nov. 6 for criminal trespass and public intoxication, according to a Fayetteville Police Department report. He was found asleep in the wrong Fayetteville, Ark., home, according to the police report.
☆ Tyson Foods CFO charged with public intoxication says he's 'embarrassed' after allegedly falling asleep in the bed of a woman who didn't know him
  + stars: | 2022-11-14 | by ( Britney Nguyen | ) www.businessinsider.com   time to read: +2 min
Tyson Foods CFO was arrested last week after he was found in the bed of a woman who didn't know him. Tyson Foods CEO Donnie King said a "thorough review" of Tyson's actions is being done by the company's independent board of directors. The home where Tyson was found belongs to a woman who said she didn't know him. Tyson became chief financial officer on October 2 after he served as executive vice president of strategy and chief sustainability officer at Tyson Foods. He is the son of the company's current board chairman and former chief executive, and is the great-grandson of Tyson Foods founder John W. Tyson.
☆ Tyson CFO apologizes to investors after arrest for public intoxication, trespassing
  + stars: | 2022-11-14 | by ( Amelia Lucas | ) www.cnbc.com   time to read: +1 min
Tyson Foods CFO John Tyson apologized to investors on Monday for his arrest for public intoxication and trespassing. Tyson, who is the son of the company's chairman John H. Tyson, was arrested early the morning of Nov. 6 in Fayetteville, Arkansas. Tyson, 32, is also the great-grandson of founder John W. Tyson. He was tapped as chief financial officer of the meat giant in late September after serving as the company's chief sustainability officer. The company's fiscal fourth-quarter earnings fell short of Wall Street's estimates, but its revenue topped estimates.
☆ Stocks making the biggest moves in the premarket: Hasbro, Oatly, Advanced Micro Devices and more
  + stars: | 2022-11-14 | by ( Peter Schacknow | ) www.cnbc.com   time to read: +2 min
Advanced Micro Devices (AMD) – The chip maker's stock rose 3.2% in the premarket after receiving upgrades at both Baird and UBS. Amazon.com (AMZN) – Amazon fell 1.7% in premarket trading after Bank of America removed the stock from its "US 1" list, although it maintained a "buy" rating. Teva Pharmaceutical (TEVA) – Teva was downgraded to "underweight" from "neutral" at J.P. Morgan Securities, which cited continuing growth challenges for the drugmaker. Teva fell 2.3% in premarket action. Lilly added 1.5% in premarket trading, while Biogen rallied 5.8%.
☆ The Lehman Brothers of Crypto: Here's how the fall of Sam Bankman-Fried's FTX compares to the collapse that sparked the Great Financial Crisis
  + stars: | 2022-11-14 | by ( Phil Rosen | ) www.businessinsider.com   time to read: +7 min
It gives maybe the clearest, most entertaining breakdown of how many, many very bad bets on subprime mortgages kickstarted the 2008 Financial Crisis. The most serious domino to fall 14 years ago was Lehman Brothers, the classic too-big-to-fail behemoth that did in fact go under. All this is a roundabout way of saying the collapse of Sam Bankman-Fried's crypto exchange, FTX, is severe and dramatic enough to warrant its own movie in a few years. Reminisce with me for a moment: In the years leading up to 2008, Lehman Bros loaded up its balance sheet with huge amounts of subprime mortgage debt. Lehman went under, and the world sunk into its worst financial crisis since the Great Depression.
☆ Tyson Foods sees annual sales above estimates on steady demand for meat
  + stars: | 2022-11-14 | by ( ) www.reuters.com   time to read: +2 min
Nov 14 (Reuters) - U.S. meatpacker Tyson Foods Inc (TSN.N) on Monday forecast full-year sales above Wall Street estimates, signaling steady demand for its higher-priced chicken and beef despite decades-high levels of inflation. The Springdale, Arkansas-based company projected full-year 2023 sales between $55 billion and $57 billion, compared with analysts' expectation of $53.60 billion, according to IBES data from Refinitiv. Demand for premium cuts of beef declined in the fourth quarter compared to a year earlier, Tyson said. Sales volume at the company's chicken business, the largest after beef, increased 1.1% in the quarter, even as Tyson raised prices by an average 18.2%. Tyson posted an operating margin of 5.6% in the reported quarter, compared with 14.9% a year earlier.
☆ Stock futures fall following the S&P 500's best week since June
  + stars: | 2022-11-13 | by ( Yun Li | ) www.cnbc.com   time to read: +2 min
Stock futures dipped in overnight trading Sunday after the S&P 500 posted its biggest weekly gain in almost five months on the back of easing inflation data. S&P 500 futures declined 0.4% and Nasdaq 100 futures traded 0.6% lower. The S&P 500 rallied 5.9% last week for its best week since June. The tech-heavy Nasdaq Composite gained 8.1% last week for its best week since March, while the blue-chip Dow advanced 4.2%. The VIX, which tracks the 30-day implied volatility of the S&P 500, had traded above the 30 point threshold for most of October.
☆ All eyes on the consumer ahead of Black Friday and the holidays
  + stars: | 2022-11-13 | by ( Paul R. La Monica | ) edition.cnn.com   time to read: +6 min
Beyond a slew of retail earnings reports, the government will report retail sales figures for October on Wednesday. But the most recent Consumer Price Index figures for October provided some relief for shoppers…and Wall Street. Consumer spending rose 1.4% during the third quarter, according to the government’s most recent gross domestic product (GDP) report. A report on housing starts and building permits data for October will come out towards the end of this week. When Home Depot reported its most recent earnings in August, it noted that customers didn’t make as many purchases as they did a year ago.
☆ Stock market rally will be put to test in week ahead, after yields fall and tech surges
  + stars: | 2022-11-11 | by ( Patti Domm | In | ) www.cnbc.com   time to read: +10 min
This week, bond yields also came off their highs and were sharply lower, paving the way for gains in tech and growth shares. They include Fed Vice Chair Lael Brainard, New York Fed President John Williams and Minneapolis Fed President Neel Kashkari to name a few. Hogan said that group includes Bullard, Brainard and San Francisco Fed President Mary Daly. Many strategists are calling the move higher a bear market rally, and some expect it will fizzle in December while others say it could continue into the new year. Friday Earnings: JD.com, Foot Locker, Buckle 8:40 a.m. Boston Fed President Susan Collins 10:00 a.m.
☆ Bank of America downgrades Tyson Foods ahead of earnings, citing worsening conditions in meat industry
  + stars: | 2022-11-09 | by ( Carmen Reinicke | ) www.cnbc.com   time to read: +3 min
The future isn't looking very bright for Tyson Foods, according to Bank of America. In addition, the company has seen market share losses in prepared foods that it is working hard to regain. Beef, chicken headwinds Weaker industry fundamentals in beef will weigh on Tyson Foods going forward. Chicken prices have also slipped as production has increased, weighing on margins. Prepared foods The company recently made a change in its prepared foods division as it tries to regain losses.
☆ What Cramer is watching Wednesday — Disney CEO must go, no Red wave, Meta job cuts
  + stars: | 2022-11-09 | by ( Jim Cramer | ) www.cnbc.com   time to read: +4 min
We looked how Club stocks did a year after the past five midterms. Affirm (AFRM): Many price target cuts and the stock down 12% in the premarket. Morgan Stanley cuts price target to $11.50 per share from $15; keeps underperform (sell) rating. BofA cuts price target to $61 per share from $73. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade.
☆ Here are Wednesday's biggest analyst calls: Apple, Tesla, AMC, Kroger, Disney, Robinhood & more
  + stars: | 2022-11-09 | by ( Michael Bloom | ) www.cnbc.com   time to read: +5 min
Evercore ISI upgrades Kroger to outperform from in line Evercore said in its upgrade of the stock that it sees "high teen upside." Wedbush reiterates Tesla as outperform Wedbush says it's concerned about company founder Elon Musk selling shares of Tesla. "For Musk who multiple times over the past year has said he is 'done selling Tesla stock' yet again loses more credibility with investors and his loyalists in a boy who cried wolf moment. Musk is the most important part of the Tesla story by a wide margin and every move he makes has a major impact on Tesla stock." Morgan Stanley reiterates Disney as outperform Morgan Stanley says it's standing by shares of Disney after the company's disappointing earnings report on Tuesday.
☆ Tyson Foods CFO Arrest Adds to Governance Challenges for Board
  + stars: | 2022-11-08 | by ( Jennifer Williams-Alvarez | ) www.wsj.com   time to read: +6 min
Photo: Michael Conroy/Associated PressThe Tyson family had nearly 71% of the total voting rights in the meat giant as of December 2021, according to a securities filing. It didn’t immediately respond to a request for comment on whether Mr. Tyson would make his debut to analysts and investors by taking part in the earnings call. As CFO, Mr. Tyson has an annual base salary of $650,000, according to a regulatory filing. Tyson Foods CFO John R. Tyson was arrested on public intoxication and trespassing allegations. Photo: Associated PressThe Fayetteville Police Department’s report said that the woman didn’t know Mr. Tyson and that she thought he came in through an unlocked door.
☆ Tyson Foods CFO arrested after drunkenly entering random woman's home and sleeping in her bed, police say
  + stars: | 2022-11-07 | by ( Marlene Lenthang | Marlene Lenthang Is A Breaking News Reporter For Nbc News Digital. | ) www.nbcnews.com   time to read: +2 min
The chief financial officer of Tyson Foods and son of the company's chairman was arrested in Arkansas over the weekend after he entered a random woman’s home while intoxicated and fell asleep in her bed, according to police. John R. Tyson, 32, was found asleep at the home in the 400 block of North Mock Ave. in Fayetteville on Sunday at 2:05 a.m., according to the preliminary arrest report. The officer woke Tyson up and he sat up in bed but did not verbally respond. After briefly sitting up, he laid back down and attempted to go to sleep, the preliminary arrest report said. He joined Tyson Foods in 2019 and serves as Executive Vice President and Chief Financial Officer, according to the company's website.
☆ Tyson Foods CFO Arrested After Authorities Say He Fell Asleep in Wrong Home
  + stars: | 2022-11-07 | by ( Patrick Thomas | ) www.wsj.com   time to read: 1 min
John R. Tyson was promoted to chief financial officer for the $24 billion meat company in September. John R. Tyson , Tyson Foods Inc.’s chief financial officer and son of the meat giant’s chairman, was arrested over the weekend after authorities said he fell asleep in the wrong house. Mr. Tyson, 32 years old, was found asleep in a woman’s bed at her home in Fayetteville, Ark., on Sunday morning, according to a preliminary arrest report filed by the Fayetteville Police Department. He was arrested for criminal trespass and public intoxication, according to the report, and booked at the Washington County Detention Center. He was released Sunday evening.
☆ Tyson Foods CFO Arrested After Authorities Say He Fell Asleep in Wrong House
  + stars: | 2022-11-07 | by ( Patrick Thomas | ) www.wsj.com   time to read: 1 min
John R. Tyson , Tyson Foods Inc.’s chief financial officer and son of the meat giant’s chairman, was arrested over the weekend after authorities said he fell asleep in the wrong house. Mr. Tyson, 32 years old, was found asleep in a woman’s bed at her home in Fayetteville, Ark., on Sunday morning, according to a preliminary arrest report filed by the Fayetteville Police Department. He was arrested for criminal trespass and public intoxication, according to the report, and booked at the Washington County Detention Center. He was released Sunday evening.
☆ Tyson Foods CFO, John R. Tyson, arrested after entering wrong home, falling asleep
  + stars: | 2022-11-07 | by ( Parija Kavilanz | ) edition.cnn.com   time to read: 1 min
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☆ Tyson Foods CFO arrested for public intoxication, trespassing
  + stars: | 2022-11-07 | by ( ) www.reuters.com   time to read: +1 min
CHICAGO, Nov 7 (Reuters) - Tyson Foods (TSN.N) Chief Financial Officer John R. Tyson, 32, was arrested for criminal trespassing and public intoxication in Fayetteville, Arkansas, on Sunday, according to a police report. The $24 billion company named John R. Tyson, great-grandson of its founder, CFO in September. John R. Tyson, who was previously the company's chief sustainability officer, could not immediately be reached for comment. Tyson Foods reports quarterly earnings on Nov. 14. John R. Tyson was booked at the Washington County detention center and released Sunday evening.
☆ Tyson Foods CFO arrested for public intoxication, falling asleep in the wrong house
  + stars: | 2022-11-07 | by ( Amelia Lucas | ) www.cnbc.com   time to read: +1 min
Tyson Foods CFO John Tyson was arrested early Sunday in Arkansas after allegedly becoming intoxicated and falling asleep in the wrong house. Tyson, 32, was charged with public intoxication and trespassing and booked in Washington County jail. Tyson Foods is headquartered in Springdale, Arkansas. Tyson is the son of the company's chairman, John H. Tyson, and the great-grandson of founder John W. Tyson. Tyson is the second prominent C-suite food executive to be arrested in Washington County over the last two months.
☆ Tyson Foods CFO John Tyson was arrested in Arkansas after allegedly becoming intoxicated and falling asleep in the bed of a woman who didn't know him
  + stars: | 2022-11-07 | by ( Britney Nguyen | ) www.businessinsider.com   time to read: +3 min
Tyson Foods CFO John Tyson was arrested Sunday in Arkansas after allegedly becoming intoxicated. Tyson is a fourth-generation member of the Tyson family, and was made CFO of the company last month. Tyson was named CFO of Tyson Foods on October 2, after serving as executive vice president of strategy and chief sustainability officer. He is also the great-grandson of Tyson Foods founder John W. Tyson. Ramsey, who formerly worked at Tyson Foods, was fired along with 19% of Beyond Meat's workforce in October.
☆ Tyson Foods CFO arrested after allegedly becoming intoxicated, falling asleep in wrong house
  + stars: | 2022-11-07 | by ( ) www.cnbc.com   time to read: 1 min
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailTyson Foods CFO arrested after allegedly becoming intoxicated, falling asleep in wrong houseCNBC's Jon Fortt reports John R. Tyson, the CFO of Tyson Foods, was arrested early Sunday in Arkansas after allegedly becoming intoxicated and falling asleep in the wrong house.
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