PepsiCo, Constellation Brands, Costco Revenue – What to Know in the Markets Thursday

<p class = "canvas-atom canvas text Mb (1.0 cm) Mb (0) – sm Mt (0.8 cm) – sm" type = "text" content = "Markets have gone to a rocky start to start October and the fourth quarter Three important earnings reports – beverage giant PepsiCo ( PEP ), beer brand Constellation Brands ( STZ ), and big box retailer Costco ( COSTNAD [1[ads1]9459mayhelpbooststocksThursday"data-reactid="15">MarketshavebeguntolaunchinOctoberandthefourthquarterThreemajorearningsreports-thedrinksgiantPepsiCo(PEP)thebeerbrandConstellationBrands(STZ)andthebigboxretailerCostco(COST)-canhelpbooststocksThursday

Ahead of the opening bell, PepsiCo and Constellation Brands take the spotlight.

Analysts predict that PepsiCo's Frito-Lay North America business force continued in the third quarter. Snacks have been the bright spot for the drink giant in recent quarters. Although the beverage business has done worse than snacks, analysts expect the North American beverage segment to show some improvement. Investors will closely monitor the results and revenue guidance for the entire year.

PepsiCo is expected to report adjusted earnings of $ 1.50 per share of $ 16.93 billion in sales, according to analysts polled by Bloomberg. It is estimated that organic sales grew 3.4% during the quarter. Frito-Lay North America is expected to have risen 5%, while 1.75% growth is expected for Beverages North America.

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<p class = "canvas- atom canvas text Mb (1.0em) Mb (0) – sm Mt (0.8em) – sm "type =" text "content =" Constellation Brands will release second quarter financial results and is expected to report adjusted earnings of $ 2, 63 per share of $ 2.34 billion in sales Last month, the company said Q2 results would include a net loss of $ 38.5 million from the investment in Canopy Growth ( CGC ). and analysts. "data-reactid =" 30 "> Constellation Brands will release second-quarter accounting results and is expected to report adjusted earnings of $ 2.63 per share on $ 2.34 billion of revenue. Last month, the company said Q2 results would include a net loss of $ 38.5 million from its investment in Canopy Growth (CGC). Nevertheless, selling Constellation beer will be the focal point for investors and analysts.

Beer sales for the second quarter are estimated to have been $ 1.64 billion and shipping volume is expected to have reached 92.97 million cases, up from 82.1 million cases in the first quarter. The option market represents an almost 6% step in both directions, according to the Constellations earnings report.

Meanwhile, after the closing time, the retail giant Costco will release its financial results in the fourth quarter. Costco's strong sales momentum is expected to continue in Q4. Excluding fuel and the impact of currency, sales of the same store in the US are expected to have risen 5.4% and 5.7% in Canada and international markets, respectively, according to Bloomberg aggregate estimates. Furthermore, strong loyalty among customers increased member revenues by 5.3% during the quarter. The dealer is expected to report adjusted earnings of $ 2.54 per share of $ 47.70 billion in sales.

<p class = "Canvas Atom Canvas Text Mb (1.0 cm) Mb (0) – sm Mt (0.8 cm) – sm" type = "text" content = "The ongoing trade war and US tariffs for Chinese goods continues to be a concern for retailers. Investors will be aware of any additional comments regarding tariffs. Costco has crushed its competitors. has increased by as much as 40% this year, while Walmart ( WMT ) jumped 26%, and BJ's Wholesale Club ( BJ ) rose 12% over the same time period. "data-reactid =" 33 "> The ongoing trade war and US tariffs on Chinese goods continue to be a problem for retailers. Investors will be aware of any additional comments regarding the tariffs. Costco has crushed its competitors. Shares have risen by as much as 40% this year, while Walmart (WMT) jumped 26%, and BJ's Wholesale Club (BJ) rose 12% in the same time period.

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<p class =" canvas atom canvas text Mb (1.0em) Mb (0) – -sm Mt (0.8 em) – sm "type =" text "content =" Heidi Chung is a reporter at Yahoo Finance. Follow her on Twitter: [19659018] @heidi_chung . "data -reactid =" 48 "> Heidi Chung is a reporter at Yahoo Finance. Follow her on Twitter: @heidi_chung .

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