Tyson Foods Inc. announced record first quarter sales of $10.229 billion, an increase from last year’s results of $9.182 billion. Net income increased from $594 million to $1.632 billion, and the Prepared Foods segment showed an 11.6 percent growth, to $2.292 billion in sales.
“At Tyson Foods, we’re creating a modern food company focused on protein,” said Tom Hayes, Tyson Foods president and chief executive officer. “Building on our momentum from a record year in fiscal ’17, we’re off to a strong start in fiscal ’18. We delivered record adjusted EPS and our second-strongest quarter of operating income in Q1, with operating cash flows of more than $1.1 billion.