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This week: Dave & Buster's, Kroger earnings; consumer prices report
A look at some of the key business events and economic indicators upcoming this week.
DAVE & BUSTER'S
On Tuesday, Dave & Buster's releases its second-quarter earnings report after the closing bell.
Analysts forecast that the arcade and family restaurant chain made 84 cents a share on $561 million in sales. In the same period last year, Dave & Buster's came up way short of Wall Street profit targets, sending its stock tumbling. Dave & Buster's shares are down about 42% this year.
WATCHING INFLATION
The Labor Department on Wednesday releases its consumer prices report for August.
Economists predict the consumer price index rose 2.6% last month from a year earlier, the slowest rate since March of 2021. The Federal Reserve started raising interest rates in 2022 to combat that inflation and is expected to issue its first rate cut in more than four years when it meets next week.
Consumer price index, annual percent change, not seasonally adjusted:
March: 3.5
April: 3.4
May: 3.3
June: 3.0
July: 2.9
Aug. (est.): 2.6
Source: FactSet
KROGER REPORTS
Grocery store chain Kroger reports its latest results before the bell on Thursday.
Wall Street projects that Kroger earned 91 cents per share in the second quarter on $34.1 billion in sales. Cincinnati-based Kroger is still trying to convince regulators that its proposed merger with Albertsons won't lead to higher prices on store shelves. The CEOs of both companies recently testified in opposition to the Federal Trade Commission's attempt to block the merger.
