Tyson Foods first quarter earnings rise

Tyson Foods hasn't seen increased absenteeism at its meatpacking plants related to the Trump administration's threats to deport immigrants, its CEO said Monday.

• All company employees are legally authorized to work there, he said, noting Tyson Foods was an early adopter of E-Verify and the IMAGE program.

The big picture: Donnie King, CEO since mid-2021, made the comments as part of the company's first-quarter earnings report.

• In a news release, King said the earnings were the company's best quarterly performance in more than two years.
• Tyson posted a net income of $359 million for the quarter, up from $107 a year earlier, noting stronger demand for beef and chicken.

State of play: Amid an on-again-off-again U.S. tariff war with Mexico, the company raised its 2025 outlook to flat to positive 1%.

• King said the company does contingency planning related to trade and supply chain.

The bottom line: "We look forward to working with the new administration and Congress to support the U.S. economy, and we'll continue to monitor or respond to new policies accordingly," King said.