Dive Brief:

• Tyson said its net income jumped 47% in the first quarter to $254 million. Revenue rose 5% to $8.76 billion.
• Tyson, the largest meat company in the U.S., attributed the results to rising prices for its products and a drop in costs associated with its chicken business.
• Earnings were slightly better than analysts had forecast.

Dive Insight:

There are two items in the earnings report worth noting. First, much of the good news in the first quarter can be traced to rising sales in prepared foods. That's good news for Tyson, given how heavily the company is investing in that area. Second, Tyson warned that chicken sales in China are not meeting expectations and that the company will scale back its plans for that nation.