A number of high-profile companies will give their latest earning reports in the coming week. They’ll include grocery chain Kroger, video game retailer GameStop, and the entertainment restaurant chain Dave & Busters. Investors will focus on different bits of information from each to see if it could boost their stock outlook and price in the days ahead.
According to Yahoo! Finance (via Motley Fool), GameStop will give their second-quarter earnings report on Tuesday, September 10. The report arrives after new management has taken over and eliminated the stock’s dividend. GameStop was slumping in terms of store sales last quarter due to the fact customers are spending more of their money to buy online. Investors will be looking to see if the company’s stock decisions including repurchases over the past year will get it back on the path to profitability and sales growth.
Also reporting on Tuesday will be the restaurant chain Dave & Busters. In the previous earnings report, D&B indicated that market share was declining with costs increasing. That led to a lowered sales and earnings outlook. They’re also expecting another year of falling net income. However, the low overall expectations heading into Tuesday’s report could mean good news boosts investors’ confidence in the stock moving forward. A few key developments might include their updates to the menu and the addition of virtual reality game titles.
The other major company set to report is Kroger, as the grocery store chain will give its earnings report on Thursday, September 12. Yahoo! indicates that Kroger had a decade of steady market-share gains compared to Walmart. However, that has changed in recent times as Walmart is having “some of its best growth in over a decade.”
Kroger has reportedly seen sales gains stuck below two percent with Walmart over three percent for their past five quarters. Investors will be looking to see if Kroger fives a third straight year of lowered sales outlooks, which would hurt the stock moving forward.
As of Friday’s end of trading, Kroger (KR) stock price was at $24.70, down $0.13 or 0.52 percent. It’s just a bit above a 52-week low of $20.70 and $8 from its 52-week high. Dave & Busters Entertainment Inc. (PLAY) traded down $0.75 or 1.76 percent at $41.85. GameStop (GME) was at $4.31, up by $0.08 or 1.89 percent as of the close of Friday’s trading session.
Dil Bole Oberoi
