Arkansas Year in Review: Top 10 Business Stories of 2023
Businesses and consumers in Arkansas and the rest of the country spent 2023 in the shadow of rising interest rates. Businesses dealt with other adversity, including rising insurance rates and a deadly March tornado. Other stories this year were more hopeful.
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Tyson Foods Posts Fiscal Q4 Loss; EPS Beats Street Forecast
Tyson Foods Inc. of Springdale reports losses for the fourth quarter and for fiscal 2023. read more >
Report: Tyson Looking to Sell Its Poultry Business in China
The report by Reuters, which cites three unnamed sources with knowledge of the matter, said that Tyson has hired Goldman Sachs to advise on the sale. read more >
Tyson Foods Reports Q3 Loss, Will Close Plant in North Little Rock, 3 Others
Tyson Foods Inc. of Springdale reports a loss of $417 million in its fiscal third quarter. read more >
Execs’ Personal Use of Company Planes on the Rise
John Tyson’s use of Tyson Foods Inc.’s corporate jet for personal travel cost the Springdale protein producer $1.4 million in its fiscal year that end read more >
by Mark Friedman -
Tyson Foods Partners with UA For Employee Education
The program will offer degree paths that include supply chain management, business and human resources management. read more >
Tyson Foods to Lay Off 228 in Illinois
Corporate employees in the Chicago area declined to relocate to northwest Arkansas under the company's OneTyson initiative. read more >
Tyson Foods Announces South Dakota Layoffs
About 262 workers declined to relocate to Springdale under the company's OneTyson initiative. read more >
The Fix at Tyson Foods
Troubles mount and costs surge, but there’s a plan to improve efficiency and realign protein production with demand. read more >
by Marty Cook -
Tyson Foods Posts $97M Loss in Fiscal Q2
It's the company's first quarterly loss since 2009. Shares of Tyson fell nearly 16% on the results. read more >
Tyson to Cut 15% of Leadership Roles, 10% of Corporate Jobs
CEO Donnie King said the meat giant is simplifying its structure, focusing on fewer initiatives with greater intensity, and removing duplication of work. read more >
Tyson Foods Plans $70M Hatchery in Hope
Construction on the 131,000-SF hatchery will take about two years, with completion slated for late 2024. read more >
Two Stories to Watch (Lance Turner Editor’s Note)
The fallout from two major business news stories last week will linger. read more >
by Lance Turner -
Tyson Foods to Close Van Buren Plant, Affecting 969 Workers
Tyson Foods Inc. of Springdale says it will close its 48-year-old poultry plant in Van Buren, a move that will affect 969 employees there. read more >
by Lance Turner -
Tyson Foods Picks Danyel Bischof, Doug Kulka to Lead Tech Team
Bischof will be in charge of innovation and business growth while Kulka will manage operations and infrastructure. read more >
Tyson Profit Plummets in Fiscal Q1
The company's income was hit by lower beef prices and "operational inefficiencies," CEO Donnie King said. read more >
Tyson Foods Names Wes Morris Poultry President
Morris replaces David Bray, who had served as president of poultry since 2021. read more >
Tyson Foods Names Deckinger General Counsel
Deckinger will take over the roles previously held by Amy Tu, who was promoted to president of the company’s International division in September. read more >
Tyson Foods CEO Donnie King Tops $12 Million in Pay
King was the second-highest paid executive, trailing only company chairman John H. Tyson by slightly less than $20,000. read more >
Tyson Names Brady Stewart President of Fresh Meats Group
Stewart joins Tyson Foods after five years at Smithfield Foods, where he was chief operations officer. read more >
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