Tyson Foods, Inc. and its subsidiaries (‘Tyson Foods’ or ‘Tyson’) is a food company.
The company is unified by this purpose: Tyson Foods. We Feed the World Like Family and has a broad portfolio of iconic products and brands, including Tyson, Jimmy Dean, Hillshire Farm, Ball Park, Wright, State Fair, Aidells and ibp.
The company operates a fully vertically-integrated chicken production process. The company’s integrated operations consist of breeding stock, contract farmers, feed production, pro...
Tyson Foods, Inc. and its subsidiaries (‘Tyson Foods’ or ‘Tyson’) is a food company.
The company is unified by this purpose: Tyson Foods. We Feed the World Like Family and has a broad portfolio of iconic products and brands, including Tyson, Jimmy Dean, Hillshire Farm, Ball Park, Wright, State Fair, Aidells and ibp.
The company operates a fully vertically-integrated chicken production process. The company’s integrated operations consist of breeding stock, contract farmers, feed production, processing, further-processing, marketing and transportation of chicken and related specialty products, including animal and pet food ingredients. Through the company’s wholly-owned subsidiary, Cobb-Vantress, the company is one of the leading poultry breeding stock suppliers in the world.
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. In addition, the company derives value from specialty products, such as hides and variety meats sold to further processors and others.
The company produces a wide range of fresh, value-added, frozen and refrigerated food products. The company’s products are marketed and sold primarily by the company’s sales staff to grocery retailers, grocery wholesalers, meat distributors, warehouse club stores, military commissaries, industrial food processing companies, chain restaurants or their distributors, live markets, international export companies and domestic distributors who serve restaurants, foodservice operations such as plant and school cafeterias, convenience stores, hospitals and other vendors. Additionally, sales to the military and a portion of sales to international markets are made through independent brokers and trading companies.
As part of the company’s commitment to innovation and growth, the company has a subsidiary focused on investing in companies developing breakthrough technologies, business models and products that have the potential to transform the food industry. Tyson New Ventures, LLC is used to broaden the company’s exposure to innovative, new forms of protein and ways of improving animal welfare, water management, and packaging and land stewardship initiatives to complement the company’s continuing investments in innovation in the company’s core Beef, Pork, Chicken and Prepared Foods businesses.
Segments
The company operate in four reportable segments: Beef, Pork, Chicken and Prepared Foods. International/Other primarily includes the company’s foreign operations in Australia, China, Malaysia, Mexico, South Korea, Thailand and the Kingdom of Saudi Arabia.
Beef
Beef includes the company’s operations related to processing live fed cattle and fabricating dressed beef carcasses into primal and sub-primal meat cuts and case-ready products. Products are marketed domestically to food retailers, foodservice distributors, restaurant operators, hotel chains and noncommercial foodservice establishments such as schools, healthcare facilities, the military and other food processors, as well as to international export markets. This segment also includes sales from specialty products, such as hides, rendered products and variety meats, as well as logistics operations to move products through the supply chain.
Pork
Pork includes the company’s operations related to processing live market hogs and fabricating pork carcasses into primal and sub-primal cuts and case-ready products. Products are marketed domestically to food retailers, foodservice distributors, restaurant operators, hotel chains and noncommercial foodservice establishments such as schools, healthcare facilities, the military and other food processors, as well as to international export markets. This segment also includes the company’s live swine group, related specialty product processing activities and logistics operations to move products through the supply chain.
Chicken
Chicken includes the company’s domestic operations related to raising and processing live chickens into, and purchasing raw materials for fresh, frozen and value-added chicken products, as well as sales from specialty products. The company’s value-added chicken products primarily include breaded chicken strips, nuggets, patties and other ready-to-fix or fully cooked chicken parts. Products are marketed domestically to food retailers, foodservice distributors, restaurant operators, convenience stores, hotel chains and noncommercial foodservice establishments such as schools, healthcare facilities, the military and other food processors, as well as to international export markets. This segment also includes logistics operations to move products through the company’s domestic supply chain and the global operations of the company’s chicken breeding stock subsidiary.
Prepared Foods
Prepared Foods includes the company’s operations related to manufacturing and marketing frozen and refrigerated food products and logistics operations to move products through the supply chain. This segment includes brands, such as Jimmy Dean, Hillshire Farm, Ball Park, Wright, State Fair, as well as artisanal brands Aidells and Gallo Salame. Products primarily include 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. Products are marketed domestically to food retailers, foodservice distributors, restaurant operators, convenience stores, hotel chains and noncommercial foodservice establishments, such as schools, healthcare facilities, the military and other food processors, as well as to international export markets.
Customers
Walmart Inc. accounted for approximately 18.4% of the company’s fiscal 2024 (year ended September 28, 2024) consolidated sales. Sales to Walmart Inc. were included in all of the company’s segments.
Foreign Operations
The company sold products in approximately 140 countries and regions in fiscal 2024. Major sales markets include Australia, Canada, Central America, Chile, China, the European Union, the United Kingdom, Japan, Mexico, Malaysia, the Middle East, Singapore, South Korea, Taiwan and Thailand. The company has the following foreign operations:
Cobb-Vantress, a chicken breeding stock subsidiary, has business interests in Argentina, Brazil, China, the Dominican Republic, India, the Netherlands, New Zealand, Peru, the Philippines, Spain, Turkey, and the United Kingdom.
Tyson Asia-Pacific consists of vertically-integrated chicken production operations in Thailand, multi-protein further-processing operations in Malaysia, a beef production operation in Australia, a producer and distributor of value-added and cooked chicken and beef products in the Kingdom of Saudi Arabia, and joint venture interests in two non-consolidated poultry businesses in Malaysia and one in the Kingdom of Saudi Arabia.
Tyson China-Korea, with locations in China and South Korea, consists of vertically-integrated chicken production operations, multi-protein further-processing operations, and a joint venture interest in a non-consolidated chicken processing business. Tyson China also sells beef, pork, and chicken products imported from Tyson production facilities in the United States and other global operations.
Tyson Europe sells chicken products throughout the United Kingdom and Europe produced from the company’s other global operations and co-packer arrangements.
Vibra Agroindustrial S.A., a joint venture in Brazil in which the company has a minority interest, is a vertically-integrated chicken processing business.
Holding Agro Industrial S.A., a joint venture in Argentina and Uruguay in which the company has a minority interest, is a vertically-integrated chicken processing business.
Tyson Mexico Trading Company, a Mexican subsidiary, sells chicken and prepared foods products primarily from the company’s U.S. operations and co-packer arrangements.
The company continues to evaluate growth opportunities in foreign locations.
Environmental Regulation and Food Safety
The company works to ensure its products meet high standards of food safety and quality. In addition to the company’s own internal Food Safety and Quality Assurance oversight and review, the company’s beef, pork, chicken, and prepared foods products are subject to inspection, primarily by the USDA and the FDA. The company also participates in the USDA’s Hazard Analysis and Critical Control Points (‘HACCP’) program or FDA’s Hazard Analysis and Risk-Based Prevention Controls (‘HARPC’) program as applicable and are subject to the Sanitation Standard Operating Procedures and the Public Health Security and Bioterrorism Preparedness and Response Act of 2002. Additionally, the company’s foreign operations are subject to various other food safety and quality assurance oversight and review.
Marketing and Distribution
The company builds the Tyson, Jimmy Dean, Hillshire Farm, Ball Park, Wright, State Fair, Aidells and ibp brands while supporting strong regional and emerging brands primarily through distinctive brand and product advertising, promotion and public relations efforts focused toward key consumer targets with specific needs. The company identifies growth and business opportunities through consumer and customer insights derived via leading research and analytic capabilities. The company utilizes its national distribution system and customer support services to achieve the leading market position for the company’s products and brands.
The company has the ability to produce and ship fresh, frozen and refrigerated products worldwide. Domestically, the company’s distribution system extends to a broad network of food distributors and is supported by the company’s owned or leased cold storage warehouses, public cold storage facilities and the company’s transportation system. The company’s distribution centers accumulate fresh and frozen products so the company can fill and consolidate partial-truckload orders into full truckloads, thereby increasing customer service. In addition, the company provides its customers a wide selection of products that do not require large volume orders. The company’s distribution system enables the company to supply large or small quantities of products to meet customer requirements anywhere in the continental United States. Internationally, the company utilizes both rail and truck refrigerated transportation to domestic ports, where consolidations take place to transport to foreign destinations.
Research and Development
The company's research and development costs totaled $106 million in fiscal 2024.
History
Tyson Foods, Inc. was founded in 1935 by John W. Tyson. The company was incorporated in 1947.