Tyson welcomes Jeff Schomburger as President and CEO
Schomburger shares reflections from his first days leading the company and experiences shaping his perspective in a video message.
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Protein-focused food company
tysonfoods.comLast updated
In short: Tyson named a new CEO, restructured beef operations and lowered its outlook.
Schomburger shares reflections from his first days leading the company and experiences shaping his perspective in a video message.
Closing Joslin and Eagle Mountain facilities to centralize operations in Nebraska, Kansas, and Texas amid historic cattle shortages. The company will also sell its Pasco facility.
Sales stayed flat at $13.87B while adjusted EPS rose 9% to $0.99, driven by Chicken and Prepared Foods growth.
Schomburger will succeed Donnie King, who is retiring after 43 years with the company.
Jeff Schomburger became Tyson Foods CEO as the Springdale company faced major losses in its beef business and sought growth in value-added products and brands.
Campbell's reports weaker-than-expected quarterly earnings, while Tyson Foods lowers its revenue growth forecast citing volatile cattle prices and squeezed margins.
Tyson Foods on Thursday cut its profit forecast for a second time within a month and also lowered its annual sales target, blaming increased pressure...
President Donald Trump moves to let ranchers process and sell their own beef, targeting four...
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