Tyson Foods CEO Donnie King reported the company's first-quarter earnings yesterday, citing market challenges and operational inefficiencies as reasons for being behind analyst predictions while maintaining an optimistic outlook for the rest of the year.

• Bumpy start: Rising costs in beef and chicken created challenges for the company, and despite record-high first-quarter sales of $13.26b, the protein giant earned just 0.88 cents per share, down more than 70% from last year's GAAP EPS of $3.07.
• Forward view: King maintained a strong vision for Tyson's future and displayed confidence in the company's brand strength and the strong execution of Q1 goals to grow volume, improve staffing levels, and invest in automation while maintaining a focus on liquidity and financial health.

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