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Tyson Foods, Inc. TSN is committed to expanding its production capacity to meet the growing demand for its products. The meat products giant has damaged the floor of a new $300 million fully cooked food production facility in Danville, Virginia. Spanning 325,000 square feet, the facility represents a major investment in the local community. It is expected to generate approximately 4 million pounds of high-quality, fully cooked poultry products each week to meet growing demand for corporate-branded products in the retail and foodservice industries. This action aligns with Tyson Foods’ strategy to drive sustained growth. Organize your operational power and invest in your poultry area. These are the company’s most automated factories to date, and showcase the implementation of large-scale prototypes and innovation pilots. Additionally, the company created approximately 400 new jobs in southeastern Virginia. This new facility highlights Tyson Foods’ commitment to improving the communities in which it operates. The Danville plant not only demonstrates this commitment, but also a vital step toward achieving operational excellence through strategic investments in cutting-edge technologies and automation.
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Tyson Foods has implemented various operational strength and supply chain projects for its long-term position. As part of those efforts, the company is making strategic investments in capacity expansion and automation technology. The focus is on advancing digitalization through the chain of origin, creating plans and execution processes to improve service to visitors. Management has optimized its factory network by integrating fully-ready capacity, transforming factories for value-added production, implementing factory flexibility measures and refining portfolio composition. These moves are jointly aimed at improving overall operational power and contributing to the company’s sustained expansion. Tyson Foods has invested heavily in automation. In this regard, the company recently implemented automated manual sandwich packaging capabilities, burrito gathering capabilities, and an automated line for snack production. In May 2023, the company acquired Williams Sausage Company, likely consolidating Tyson Foods’ product portfolio and production capacity. Tyson Foods is actively continuing its expansion into foreign markets as part of its strategic expansion plan. In July 2022, the company unveiled a strategic partnership with Tanmiah Food Company, a leading Middle East-based supplier of new and processed poultry, as well as other processed meat products, feed and healthcare products. This collaboration allows Tyson Foods to leverage poultry material in Saudi Arabia, positioning the company to meet growing protein demand in the Middle East and other global markets.
The Zacks #5 (Strong Sell) company faced headwinds in the beef segment, where volumes fell 6. 7% in the fourth quarter of fiscal 2023. For fiscal 2024, the USDA The United States (“USDA”) forecasts that domestic protein meat production will decline by up to five% compared to fiscal year 2023. The company’s shares have fallen 22. 3% so far this year, in compared to a 22. 2% drop for the industry. That said, the focus on expanding capacity to meet a call for help keeps Tyson Foods well positioned for long-term growth.
Lamb Weston LW, which offers frozen potato products, currently has a Zacks Rank #1 (Strong Buy). LW has amazing profits over the last four quarters of 46. 2% on average. You can see the complete list of today’s Zacks #1 Rank stocks here. The Zacks Consensus Estimate for Lamb Weston’s current fiscal year sales and earnings suggest an expansion of 28. 3% and 24. 8%, respectively, from the figures reported a year ago. Heinz Company KHC, a food and beverage company, is currently a Zacks Rank #2 (Buy). KHC posted a profit marvel of 9. 9% on average over the last 4 quarters. The Zacks Consensus Estimate for Kraft Heinz’s current fiscal year sales suggests an expansion of 1. 2% from the corresponding figure reported a year ago. Vital Farms Inc. VITL offers a line of grass-fed foods. It currently has a Zacks Rank #2. VITL has a wonderful 4-quarter earnings of 145%, on average. The Zacks Consensus Estimate for Vital Farms’ current fiscal year sales suggests an expansion of 29. 4% from the prior year’s reported figure.
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