Tyson Foods (NYSE: TSN) reported Q1 EPS of $1.81, $0.31 better than the analyst estimate of $1.50. Revenue for the quarter came in at $10.23 billion versus the consensus estimate of $9.87 billion.

First Quarter Highlights

• Record GAAP EPS of $4.40, up 177% from last year; Record Adjusted EPS of $1.81, up 14% from last year
• GAAP operating income of $927 million; Adjusted operating income of $950 million
• Total Company GAAP operating margin at 9.1%; Adjusted operating margin at 9.3%
• Record Prepared Foods GAAP operating margin of 11.4%; Record Adjusted operating margin at 11.9%
• Reduced debt over $500 million
• Realized $37 million of Financial Fitness Program cost savings

GUIDANCE:

Including the benefit of lower enacted tax rates but excluding the one-time cash bonuses, Tyson Foods sees FY2018 EPS of $6.55-$6.70, versus the consensus of $6.24

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