10:32 AM EST, 02/03/2025 (MT Newswires) -- Tyson Foods ( TSN ) lifted its full-year revenue growth outlook on Monday as the meat producer reported better-than-expected fiscal first-quarter results, buoyed by volume and price gains.

The company that operates brands such as Tyson, Jimmy Dean and Ball Park now anticipates sales to be flat to up 1% for fiscal 2025, compared with its prior forecast range of flat to a 1% decline. The current consensus on FactSet is for sales of $53.67 billion. The stock rose 2.7% in Monday trade.

The guidance takes into account the Department of Agriculture's indication that domestic protein production including beef, chicken, turkey and pork will rise by 1% versus fiscal 2024's level, Tyson said. Adjusted operating income is pegged at $1.9 billion to $2.3 billion for the current year, up from the previous forecast for $1.8 billion to $2.2 billion.

"The strong results in the first quarter increase our confidence in the year ahead, enabling us to raise our full-year guidance," Chief Executive Donnie King said during an earnings call, according to a FactSet transcript.

For the quarter ended Dec. 28, Tyson's adjusted earnings climbed to $1.14 a share from $0.69 the year before, topping the Street's view for $0.90. Sales edged higher to $13.62 billion from $13.32 billion, ahead of the average analyst estimate of $13.46 billion. Overall volume improved by 1.6% on a yearly basis while prices inclined 0.7%.

"Fiscal year 2025 is off to a strong start, as we delivered our third consecutive quarter of year-over-year growth in sales, operating income and EPS," King said in a statement. "Our best quarterly performance in more than two years reflects improved execution across the business, including exceptional results in chicken."

Beef revenue advanced to $5.34 billion from $5.02 billion in the prior-year quarter, amid volume and average price growth. Chicken nudged up to $4.07 billion from $4.03 billion last year as a 1.5% increase in volume helped offset a 0.7% decline in prices.

Pork sales totaled $1.62 billion versus $1.52 billion a year ago, boosted by a 7% hike in prices. Prepared foods decreased to $2.47 billion from $2.54 billion, weighed down by a 3.2% fall in volume.

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