Darden, McCormick, BlackBerry earnings and PCE data due Thursday

EarningsMacro
โดย Yahoo Finance·Read original
Summary · why it matters

On Thursday, June 25, investors will watch quarterly results from Darden Restaurants, McCormick, and BlackBerry, along with the release of the Personal Consumption Expenditures index, the Federal Reserve's preferred inflation gauge. Economists forecast the PCE ticked up slightly on a month-over-month basis. Darden is expected to report same-store sales growth driven by menu pricing, marketing initiatives, and steady traffic at Olive Garden and Longhorn Steakhouse. McCormick's sales are anticipated to benefit from the addition of McCormick de Mexico, while organic growth remains largely price-driven, and investors will listen for commentary on the planned combination with Unilever's food business. BlackBerry's first-quarter results will be scrutinized for signs of improving profitability and positive cash flow, with attention on management's outlook and whether software growth can offset weakness in other segments.

Impact on stocks 5

Consumer Staples · 3 stocks
Unilever PLC
UNLYD
± MixedCapitalrelevance

Mentioned only as part of planned combination with McCormick's food business.

Consumer Discretionary · 1 stocks
Darden Restaurants Inc
DRI
▲ PositivePricingrelevance

Expected same-store sales growth driven by menu pricing and marketing initiatives.

Information Technology · 1 stocks
BlackBerry Ltd
BB
± MixedCapitalrelevance

Results scrutinized for profitability and cash flow; software growth vs weakness in other segments.