Tyson Reports Q1 Loss

Tyson Foods Inc. swung to a fiscal first-quarter loss on slumping margins and a 2.7% drop in volume, although the company said that its struggling chicken segment has begun to improve.

Tyson is the world’s largest meat processor. Hurt last year by surging feed costs, especially at its chicken business, now slumping demand is pressuring results.

For the period ended Dec. 27, Tyson posted a net loss of $112 million, or 30 cents a share, compared with year-earlier net income of $34 million, or 10 cents a share. Revenue increased 0.7% to $6.52 billion.