Donnie Smith, longtime exec from Tyson, was named CEO.

Announcement comes a week after McDonald’s decided to leave the market.

Company seeks to generate 20% of sales from digital spaces by 2030.

The company is selling its portfolio of restaurants in the country.

Despite higher quarterly sales, earnings declined as the company faced headwinds related to labor shortages, extreme weather and supply chain interruptions. 

Rising costs for transportation, dairy and meat are impacting company’s bottom line.

The farm, located in Minnesota, grows birds for the company’s Jennie-O Turkey Store business unit. 

Management believes slowdown in US retail plant-based meat sales is transitory.

Agile@Scale initiative embraces digital technologies and seen improving customer service.

Fiscal 2021 sales were $23.2 billion.