Though the earnings season is winding down, and the coming week includes the Thanksgiving holiday in the U.S., plenty of reports are still due out. And analysts surveyed by Thomson Reuters don't seem to be expecting too many turkeys among this week's bunch.

Leading U.S. meat processor Tyson Foods Inc. (TSN), which has just named a new chief executive officer and a new chief operating officer, is expected to report fiscal fourth-quarter earnings of $0.26 per share, up from $0.14 in the same period of last year. But revenue is expected to total $6.9 billion, or 4.3% less than a year ago. The full-year forecast is for a profit of $0.25 per share (-16.7) on $26.4 billion (-3.9%) in sales. This dividend payer has offered upside surprises in the past two quarters, topping estimates by 11 cents per share in the third quarter.

Continue reading The week in preview: No turkey earnings from Tyson, Hormel, Cracker Barrel ...

The week in preview: No turkey earnings from Tyson, Hormel, Cracker Barrel ... originally appeared on BloggingStocks on Sun, 22 Nov 2009 12:30:00 EST. Please see our terms for use of feeds.

Here are some highlights from last week's earnings coverage from BloggingStocks:

• Adobe Systems Inc. (NASDAQ: ADBE) just beat low Q3 earnings estimates but revenue also declined.
• Best Buy Co. Inc. (NYSE: BBY) earnings fell short of estimates but revenue was better than expected.
• Cracker Barrel Old Country Store Inc. (NASDAQ: CBRL) posted better-than-expected Q4 earnings.
• Discover Financial Services (NYSE: DFS) posted a surprise Q3 profit but shares rose slightly on the news.
• Dress Barn Inc. (NASDAQ: DBRN) reported modest growth in both net income and revenue in Q4.
• FedEx Corp. (NYSE: FDX) said that its Q1 earnings and revenue dropped but its cash flow has improved.

Continue reading Earnings highlights: Adobe, Best Buy, FedEx, Kroger, Monsanto, Oracle, Palm ...

Earnings highlights: Adobe, Best Buy, FedEx, Kroger, Monsanto, Oracle, Palm ... originally appeared on BloggingStocks on Sat, 19 Sep 2009 14:10:00 EST. Please see our terms for use of feeds.

Cracker Barrel Old Country Store Inc (NASDAQ: CBRL) posted solid numbers for its fiscal fourth quarter. Lower costs helped the simple country restaurant beat the Street's expectations. The company reported earnings of $22.8 million for the quarter - good for 99 cents a share. Last year, the company earned $21 million. Cracker Barrel has been topping forecasts for the past year.

Lower costs have been driving the trend, and absent impairment and store closing charges, Reuters estimates the company pulled in $1.06 a share.

Continue reading Cracker Barrel beats profit forecasts, revenue sluggish

Cracker Barrel beats profit forecasts, revenue sluggish originally appeared on BloggingStocks on Tue, 15 Sep 2009 10:20:00 EST. Please see our terms for use of feeds.

Memphis-based package delivery giant FedEx Corp. (NYSE: FDX) is generally seen as an indicator of the state of commerce in the U.S. Last week, not only did the Fed's Beige Book report suggest that the economy had stabilized over the summer, with signs of recovery in some districts, But FedEx also boosted its earnings guidance due to stronger-than-expected volume in its international priority-delivery service. So a question going in to FedEx's fiscal first-quarter report this week is whether the company is still a bellwether.

For the three months that ended in August, when FedEx opened distribution hubs in Chicago and Toledo and declared a quarterly dividend, analysts surveyed by Thomson Reuters are looking for it to report that earnings fell 60.2% from a year ago to $0.49 per share. That's also down 23.4% from the previous quarter, as well as less than the recently updated outlook. First quarter revenue is expected to be down 18.3% from a year ago to $8.2 billion.

Continue reading The week in preview: Is FedEx still a bellwether?

The week in preview: Is FedEx still a bellwether? originally appeared on BloggingStocks on Sun, 13 Sep 2009 12:30:00 EST. Please see our terms for use of feeds.

Here are some highlights from this past week's earnings coverage from BloggingStocks:

• American Eagle Outfitters Inc. (NYSE: AEO) reported better-than-expected Q1 earnings, lifting shares.
• AutoZone Inc. (NYSE: AZO) posted a better-than-expected Q3 profit said it will continue to buy back shares.
• Bank of Montreal (NYSE: BMO) reported lower Q2 earnings and also announced 1,100 layoffs.
• Big Lots Inc. (NYSE: BIG) higher Q1 earnings topped estimates even though same-store sales fell.
• BioMed Realty Trust Inc. (NYSE: BMR) earnings prospects after the recent capital raise led to a downgrade.

Continue reading Earnings highlights: AutoZone, Costco, Dell, Heinz, Staples, Tiffany, Tivo and more

Earnings highlights: AutoZone, Costco, Dell, Heinz, Staples, Tiffany, Tivo and more originally appeared on BloggingStocks on Sat, 30 May 2009 12:10:00 EST. Please see our terms for use of feeds.

This post is part of our Big Company, Small Town series, featuring large companies and the small towns in which they are headquartered.

As with many interstate travelers, the Cracker Barrel is a regular meal stop during my family vacations. Partaking of some comfort food, perusing the country store for toys and foodstuffs we recall from our childhoods, and resting for a spell in the rocking chairs can be just the thing after long hours on the road.

But also like many travelers, I'm sure, I had no idea that the Cracker Barrel came from the small town of Lebanon (pronounced LEB-nun by many natives), Tennessee, the county seat of Wilson County, east of Nashville.

A local spring was the chosen site for the town, and a nearby grove of red cedars inspired the town's biblical name. The town was incorporated in 1819, and Cumberland University opened its doors there in 1842. The town square -- which today features antique and gift shops that bring tourists from far and wide -- was the site of a Civil War battle in 1862. Some 130 confederate soldiers are buried at Lebanon's historic Cedar Grove Cemetery.

The town expanded once the Tennessee and Pacific Railroad came to town after the Civil War, followed by the Lebanon Woolen Mills and the Gulf Red Cedar Company in 1908. General George Patton's tanks passed through the town on their way to Europe, and after World War II, the town expanded again, with the opening of Tennessee's first industrial park, which is the site of Cracker Barrel's corporate headquarters.

Continue reading Big company, small town: Cracker Barrel Old Country Store, Lebanon, Tennessee

Big company, small town: Cracker Barrel Old Country Store, Lebanon, Tennessee originally appeared on BloggingStocks on Wed, 25 Jun 2008 17:10:00 EST. Please see our terms for use of feeds.