Tyson Foods (NYSE: TSN) reported Q1 EPS of $1.59, $0.33 better than the analyst estimate of $1.26. Revenue for the quarter came in at $9.18 billion versus the consensus estimate of $9.04 billion.

GUIDANCE:

Tyson Foods sees FY2017 EPS of $4.90-$5.05, versus the consensus of $4.83.

"The year is off to the best start in company history with record earnings, record operating income and record cash flows,” said Tom Hayes, president and chief executive officer of Tyson Foods. “Return on sales for each operating segment was in or above the normalized range. The tremendous returns generated in the Beef and Pork segments are providing fuel for growth in our value-added Chicken and Prepared Foods segments.

“Tyson Foods again led retail food manufacturers in both sales volume and sales dollars for the 13-week period corresponding with our fiscal first quarter. Not only did we lead in sales volume, according to IRI, we were the only company to show volume growth among the top 10 branded food companies.

“Due to our outstanding performance in Beef and Pork and strong market conditions in the first quarter, we are raising our annual earnings guidance to $4.90-5.05 per share. We expect the earnings cadence for the remainder of the fiscal year to follow more normal patterns, including the seasonality typical of our second quarter.

“We’re on a path toward what we expect to be our fifth straight year of record results. Our path won’t be linear, but our team is focused on delivering long-term growth and creating shareholder value.”

For earnings history and earnings-related data on Tyson Foods (TSN) click here.