Tyson Foods announced its results for the first quarter. The company reported record sales of $10.8 billion, an increase of 23% over first quarter of prior year.
"Tyson's fiscal year is off to a great start with our first full quarter as a combined company producing record sales and adjusted operating income," said Donnie Smith, president and chief executive officer of Tyson Foods. "We used our strong cash flows to pay down debt by $650 million in the quarter.