Tyson Foods reported the following first-quarter results: EPS up 47% to $0.72 compared to $0.49 in first quarter of prior year. Sales of $8.8 billion represented an increase of 4.7% over first quarter of prior year, and operating income increased 36% to $412 million.
"I'm very pleased with our strong first quarter results, and I'm confident in my expectations for the full year," said Donnie Smith, president and CEO of Tyson Foods. "We're growing sales and earnings and executing our strategy - including making our third prepared foods acquisition in less than a year - while reinvesting in our existing businesses and buying back shares.