Monday
The new trading week kicks off with Sysco (NYSE: SYY ) reporting. You've probably seen more than a few Sysco trucks pulling up behind restaurants, hospitals, and other institutions to arm kitchens with a fresh supply of food. The country's largest food-service company is expected to see profits inch up a penny per share from last year.
Investors may also be tuning in to see whether Sysco keeps its streak of annual dividend increases going. Last November, it jacked up its quarterly payout rate -- the way it has for 40 consecutive years now.
Tuesday
Jamba (Nasdaq: JMBA ) and American Oriental Bioengineering (NYSE: AOB ) report on Tuesday. One runs the leading chain of smoothie shops. One is a pharmaceutical company. Both are expected to post modest profits this quarter.
Wednesday
Kulicke and Soffa (Nasdaq: KLIC ) joins Home Inns (Nasdaq: HMIN ) on the earnings calendar. Both companies are expected to post sharply improved profitability from the earnings they generated a year ago.
Thursday
Tim Hortons (NYSE: THI ) hopes to deliver a cream-filled earnings report on Thursday. The Canadian chain of baked eats and jolts of java is expected to earn $0.50 a share in its latest quarter, ahead of the $0.43 a share it posted a year earlier.
Don't bet on it, though. It's been three years since analysts nailed the bottom line at Tim Hortons. Momentum is favoring the bulls these days. Tim Hortons beat Wall Street's profit targets in its two previous quarters, but the chain did come up short in each of the four quarters before that.
Friday
Wendy's/Arby's (NYSE: WEN ) is the company that spun off Tim Hortons. Maybe it should have held on, considering shares of Wendy's/Arby's have been trading in the single digits for three years. The company reports on Friday, and the market's braced for quarterly profits to decline again from year-ago levels.
Until next week, I remain,
Rick Munarriz
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