uploads/2018/06/events-2.jpg

Events to Look Forward to in the Consumer Sector This Week

By

Updated

Earnings releases and other events to look forward to this week

H&R Block (HRB) is set to announce its fiscal Q4 2018 results on June 12 after the market closes. Its revenue is expected to rise 0.5% YoY (year-over-year) to $2.3 billion, and its EPS are expected to rise YoY to $5.20 from $3.70.

Casey’s General Stores (CASY) is scheduled to announce its fiscal Q4 2018 results on June 6 after the market opens. Its revenue is expected to grow 15.5% YoY to $2.1 billion from $1.8 billion, and its EPS are expected to fall 13.2% to $0.66 from $0.76. The chart below shows upcoming events in the consumer sector this week.

Article continues below advertisement

Other vital updates from last week

  • On June 7, Genuine Parts (GPC) announced an acquisition by its European automotive business. The company’s wholly owned automotive distribution company, Alliance Automotive, has entered into a deal to acquire Hennig Fahrzeugteile. The deal is expected to close by August 1, subject to regulatory approval.
  • On June 7, Carnival (CCL) announced that, along with subsidiary Holland America Princess Alaska Tours, it had entered into a purchase and sale agreement. The company plans to acquire TWC Enterprises’ White Pass & Yukon Route division. This division includes White Pass’s port, retail, and railroad operations in Skagway, Alaska. The deal is expected to close on July 31, subject to customary closing conditions.
  • On June 7, SunTrust Robinson Humphrey upgraded Darden Restaurants (DRI) to “buy” from “hold” and raised its target price to $110 from $104.
  • On June 8, McDonald’s (MCD) announced layoffs in its corporate branch as part of its business plan. The company aims to achieve its previously announced general and administrative expenses of $500 million by the end of 2019. The layoffs are a part of this restructuring plan.
  • On June 8, Maxim downgraded Domino’s Pizza (DPZ) to “hold” from “buy.” The stock fell 0.7% after the downgrade.
  • On June 8, Lululemon Athletica (LULU) announced that it had agreed to repurchase 3.3 million shares of its common stock. The shares will be repurchased under a private transaction from Advent International.

For more information, visit Market Realist’s Consumer Discretionary and Consumer Staples pages.

Advertisement

More From Market Realist