Tyson Foods expects sales volume to fall in second half of 2020

(Reuters) – Tyson Foods Inc said on Monday it expects meat sales volume to fall in the second half of this year, as restaurants are being forced to operate at a limited capacity due to the COVID-19 pandemic.

The biggest U.S. meat processor’s sales rose to $10.89 billion from $10.44 billion, in the second quarter ended March 28.

Net income attributable to Tyson fell to $364 million, or $1 per share, from $426 million, or $1.17 per share, a year earlier.

(Reporting by Uday Sampath in Bengaluru; Editing by Krishna Chandra Eluri)