Today we are watching…
1. Wendy’s (#wen)
Fast food restaurant, Wendy’s, will report earnings today following an ambitious international expansion. Splitting its income between company-ran and franchise-ran restaurants, Wendy’s has delivered impressive numbers to investors in the past. The company is now transforming its outlets with new technology and a brand new image, the hope being that diners make it their regular! The professionals on Wall Street are estimating a $0.17 per share profit haul today on $441 million in revenues.
2. Lyft (#lyft)
This ride-sharing app belongs to 2019’s new crop of unprofitable IPOs. The road to a positive bottom-line starts at the top-line, where performance may have been boosted this quarter by the end of a price war with its main rival, Uber. Lyft is also branching into the transport-by-scooter business, but whether that detour from cars will differentiate the company’s offering from autonomous ride-sharing services, remains to be seen. Analysts expect $1.66 in losses on $809 million in revenues. That’s all for today, but tomorrow will be Uber!