Thursday will be another busy day filled with corporate earnings.
Dunkin’ has been in the spotlight this month after announcing a partnership with alternative-meat producer Beyond Meat (BYND). The coffee chain has been ramping up new menu items such as the espresso relaunch in the fourth quarter of 2018 as well as the Beyond Meat collaboration.
“We believe Dunkin’s pivot to being a beverage-led brand with a focus on improving quality and speed, while also pulsing an everyday value message (specifically tied to food), will position the brand to compete better over the long term,” Wells Fargo analyst Jon Tower wrote in a note July 21. “However, we continue to believe the competitive pressures that have weighed on Dunkin’ U.S. traffic growth over the past several years remain in place.”
Same-store sales, a key industry metric, is expected to have risen 1.2% during the second quarter. Dunkin is expected to report adjusted earnings of 82 cents per share on $360.42 million in revenue, according to data compiled by Bloomberg.
In addition, tech giant Square is scheduled to release second-quarter results after the closing bell Thursday. Subscription and services fees are expected to slow dramatically to 80%, down from 126% in the first quarter, according to data compiled by Bloomberg.
Analysts polled by Bloomberg expect Square to report adjusted earnings of 16 cents per share on $557.82 million in revenue. The options market is implying a 7% one-day move in either direction for the payments-processing company.
Other notable earnings reports scheduled for Thursday include Cigna (CI), Clorox (CLX), Crocs (CROX), General Motors (GM), Kellogg (K), Marathon Petroleum (MPC), Shopify (SHOP), Sprouts Farmers Market (SFM), Verizon (VZ), Wayfair (W), Wingstop (WING), Yeti (YETI), YUM Brands (YUM) before market open; Aphria (APHA), Pinterest (PINS), U.S. Steel (X) after market close.
Heidi Chung is a reporter at Yahoo Finance. Follow her on Twitter: @heidi_chung.
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