Monday call set on Tyson’s 2nd quarter

Tyson Foods Inc. scheduled its second quarter 2021 earnings call with analysts for Monday at 8 a.m.

Earnings results for the quarter will be posted Monday morning before the call, the company said.

Those interested can listen to the call online at ir.tyson.com, or by dialing (844) 890-1795. Accompanying slides will be made available online, Tyson said.

After the presentation, a telephone replay can be accessed by dialing (877) 3447529 with the code 10154617.

Tyson will post a profit of $1.11 per share, a 44% growth from the second quarter last year, according to a Zacks Consensus Estimate. Increased retail sales, e-commerce growth and demand for protein are expected to offset some of the costs and challenges Tyson is facing during the pandemic.

While production levels are increasing, Stephens analyst Ben Bienvenu noted earlier this week that rising feed costs, limited labor availability and lessthan-desirable hatchability and mortality rates among chickens, are affecting commodity prices.

Tyson shares rose 43 cents, or 0.55%, to close Friday at $78.82 on the New York Stock Exchange. The shares have traded between $79.77 and $55.28 over the past 52 weeks.