Nike Has a Highly Anticipated Earnings Report and Dave & Busters Had a Turbulent Week.
The athletics company will report earnings Tuesday and investors are eagerly waiting to see how it performed. Last quarter, Nike’s sales fell nearly 40% as stores were closed and discretionary consumer spending declined. Experts expect this quarter to be better with a year-over-year fall of just 16%, but many questions remain. The most significant of them may be how eager shoppers seem to spend in the crucial holiday season.
Investors will also be keeping their eyes on Nike’s performance in countries further along in their recovery than the U.S. This could help predict Nike’s performance as the American economy picks back up.
Dave & Buster’s
The restaurant and entertainment business shocked investors last week when it released a statement that there was growing concern about the company’s ability to continue existing. This, along with a poor earnings report, sent the stock price down nearly 30% the next day.
However, the panic seems to be short lived. The company bounced back with a 16% jump the next day. Some analysts believe the selloff was an overreaction, but there are still causes for concern over the company’s future. As the initial emotions from the announcement wear off, the next few days will show a lot about how investors view the company.
I am not a financial advisor and my comments should never be taken as financial advice. Investments come with risk, so always do your research and analysis beforehand.