Tyson Foods Inc.’s stock TSN, -0.48% rose 3.8% early Monday, after the parent of food brands Tyson, Hillshire Farm, Jimmy Dean and Ball Park beat profit estimates for its fiscal first quarter. The Springdale, Ark.-based company posted net income of $ 107 million, or 30 cents a share, for the quarter to Dec. 30, down from $ 316 million, or 88 cents a share, in the year-earlier period. Adjusted per-share earnings came to 69 cents, ahead of the 41 cent FactSet consensus. Sales rose to $ 13.319 billion from $ 13.260 billion a year ago, just below the $ 13.338 billion FactSet consensus. Beef sales rose to $ 5.023 billion from $ 4.723 billion as average prices rose 10.5%. Pork sales fell to $ 1.517 billion from $ 1.529 billion as average prices fell 8.5%. Chicken sales fell to $ 4.033 billion from $ 4.263 billion as average prices fell 3.9%. Prepared foods sales rose to $ 2.453 billion from $ 2.538 billion as average prices fell 2.3%. The company said it expects sales to be “relatively flat” in fiscal 2024 versus the year earlier and expects to spend $ 1.0 billion to $ 1.5 billion on capex. The stock has fallen 12% in the last 12 months, while the S&P 500 SPX, +1.07% has gained 19.9%.