This Week: Dean Foods, McClatchy, Walmart earnings
A look at some of the key business events and economic indicators upcoming this week:
Dean Foods 3Q
Wall Street predicts Dean Foods lost slightly less money in the third quarter than in the same period a year earlier. Shares in the Dallas-based dairy goods producer behind Friendly’s ice cream and Organic Valley milk have struggled since a steep drop in August, when Dean reported weak second quarter results and installed a new CEO. Dean reports third quarter earnings on Tuesday.
Shares in McClatchy, the publisher of the Miami Herald, the Sacramento Bee and other newspapers, have stagnated near all-time lows this year. It lost $17.5 million in the second quarter, and Wall Street forecasts that it will unveil yet more losses when it reports third quarter earnings on Wednesday.
Walmart shares have soared since the retail giant reported strong sales growth and raised its full-year outlook in August. Investors will be watching to see if it extended its string of quarterly sales increases when it reports its third quarter earnings on Thursday.