Tyson Foods Inc (NYSE:TSN) shares are trading higher after the company reported first-quarter FY24 results.
Sales were up 0.4% Y/Y to $13.32 billion, above the analyst consensus of $13.27 billion.
Sales volume of Beef fell 4.1% Y/Y, Pork rose 7.7%, Chicken declined 1.5%, and Prepared Foods grew 2.5%.
Gross profit decreased to $823 million from $968 million a year ago, with the margin contracting …