Tyson Foods Bonuses Planned For “Frontline” Workers

Selling chicken, beef, pork and prepared foods has been good business for Tyson Foods. So is the new federal tax law. Officials with the Springdale-based meat giant estimate a more than $300 million boost to cash flow from lower tax rates, with $100 million in bonuses going to “eligible frontline employees.”

Details on the impact of changes in the corporate tax rate recently approved by Congress were part of Tyson Foods’ Thursday morning (Feb. 8) report on its fiscal first quarter (ending Dec. 30, 2017) financials. The company reported quarterly earnings per share of $1.81, blowing past the consensus estimate among analysts of $1.50. Of the per share earnings, 21 cents was tied to gains from a lower tax rate. Earnings per share also topped the $1.59 posted in the same period in fiscal 2017.   MORE

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