Higher prices for chicken and beef enabled Tyson Foods to offset reduced volumes during its first quarter and that has the company off to what president and CEO Donnie Smith called a good start to the fiscal year.
The nation’s largest protein producer said sales increased less than 1% to $8.4 billion from $8.3 billion, but profits grew nearly 11% to $173 million from $156 million and earnings per share increased 14.3% to 48 cents from 42 cents.
