Tyson Foods - Company Profile
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COMPANY INFORMATION |
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Company Legal Name |
Tyson foods, Inc. |
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Year of Establishment |
1935 |
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Geographical Presence |
Across the US, China, and India & has Global Sales Offices |
Tyson Foods Inc. (Tyson) is one of the largest producers of meat and poultry food products, based in the US. The company prepares and sells chicken, beef, pork, and prepared food products to domestic and international markets. In addition, the company also processes live-fed cattle and hogs and fabricates dressed beef and pork carcasses into primal and sub-primal meat cuts, case-ready beef and pork, and fully cooked meats.
The modern, multi-national, protein-focused food company produces approximately 20% of the beef, pork and chicken in the United States in addition to a portfolio of foods under the Tyson®, Jimmy Dean®, Hillshire Farm®, BallPark®, Wright®, Aidell’s®, and State Fair® brands.
Tyson currently operates in the US, China, and India. It is primarily engaged in offering a wide range of meat products under various categories including Grilled & Ready® Chicken, Any'tizers® Snacks, Nuggets, Crispy Strips, Etc., Fresh Chicken, and Frozen Chicken. In addition, Tyson also offers fresh and refrigerated products of beef and pork.
During FY2019, the company generated $42.4 billion of sales through its business segments which include-
- Beef
- Chicken
- Pork
- Prepared Food
- Other
The beef segment is the major segment that generated 36% of the total company sales in 2019, followed by Chicken 31%, Prepared Foods 20%, Pork 10%, and Others 3%.
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CURRENT DATA |
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Net Sales (2019) |
42.4 billion USD |
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Net Income (2019) |
2 billion USD |
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Chairman of the Board |
John H. Tyson |
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Employee Count |
141,000 |
Prepared Foods Business
Tyson, usually, through this segment, manufactures and markets a variety of food products such as pepperoni, bacon, breakfast sausage, turkey, lunchmeat, hot dogs, pizza crusts and toppings, flour and corn tortilla products, desserts, appetizers, snacks, prepared meals, ethnic foods, soups, sauces, side dishes, meat dishes, breadsticks, and processed meats.
The company involved in selling this product under the brand names of Jimmy Dean®, Hillshire Farm®, Ball Park®, Wright®, State Fair®, Van's®, Sara Lee®, and Chef Pierre®, as well as artisanal brands Aidells®, Gallo Salame®, and Golden Island®.
During FY2019, Tyson has generated $8.48 billion in sales, accounting for 20% of the total sales of the company.
Key Competitors: The company faces stiff competition based on the principal competitive factors such as product quality, quality of service, specifications, and price. The key competitors of the company include-
- Hormel Foods Corporation
- Pilgrim's Pride Corporation
- Smithfield Foods, Inc.
- Bachoco, S.A. de C.V
- Sanderson Farms, Inc.
- Cargill, Incorporated
- ConAgra Foods
With its strategic acquisitions, the company continues to expand its business operations across the globe. Currently, Tyson serves its products and services from 109 manufacturing facilities, of which, 45 chicken facilities, 12 beef, 9 pork, 1 turkey, 38 prepared foods facilities, 4 international facilities, and 2 R & D facilities. As of FY2016, Tyson sold products in approximately 115 countries.
The company maintains a strong distribution network with 42 distribution centers and Outside Cold storage facilities.
The company was incorporated in 1935 and is based in Springdale, Arkansas.
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CONTACT INFORMATION |
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Phone Number |
(479) 290-4000 |
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Site URL |
http://www.tysonfoods.com |