Today we are watching…
1. Guess? (#ges)
This L.A. clothing brand is facing a financial stress-test today in its earnings release, with both tariffs and unlucky currency exchange rates putting pressure on its bottom-line. With its Asian expansion on hold, the company has turned to Europe! Guess? Inc. wants to continue opening brick and mortar stores, a strategy that would make most other retailers shudder. Guess? knows that in some European countries, retail shopping is a social experience that’s still very much alive, but that doesn’t make guessing its quarterly results today any easier! The consensus among analysts is that the company will earn $0.29 in profit per share on $673 million in revenue.
2. Brown-Forman (#bfb)
Investors in the spirits industry know the growth opportunities in Asian markets, and shareholders of Brown-Forman are hoping regulatory handcuffs don’t get in the way as the firm ships its Jack Daniels to the region. The company has a new CEO in Lawson Whiting, and he wants his employees to “fight a little harder” now that consumers are embracing a healthy shift. Vodka, tequila, scotch, whiskey, and wine all sit ready to go as investors look forward to Brown-Forman’s earnings release today. Analysts have their sights on $0.37 in profit per share on $761 million in revenue.