Tyson Foods Inc
Tyson, like other meat companies, has been hurt by a drop in sales to restaurant and food service customers as the recession has consumers eating out less and favoring lower-cost meats or other foods.
To cope, Tyson has closed or sold plants, cut costs, reduced production, and secured additional financing.
Springdale, Arkansas-based Tyson reported a loss of $104 million, or 28 cents per share, for the second quarter ended March 28, compared with a year-ago loss of $5 million, or 2 cents per share, a year earlier.
The results included charges of $15 million, or 2 cents per share, for a plant closing and a tax expense of $62 million, or 17 cents per share.
Revenue decreased to $6.307 billion, compared with $6.336 billion a year earlier.
(Reporting by Bob Burgdorfer, editing by Dave Zimmerman)