Operating profit in the U.S. did decline 28 percent, but profits were up 25 percent in China leading to a strong earnings beat.
Weak domestic results could lead to only inline earnings results from YUM Brands in the second quarter.
Apple, IBM, Yahoo and Chipotle are just some of the key earnings reports coming out this week.
Mad Money host Jim Cramer gave investors a preview of the key earnings reports coming out this week.
Investors should take notice of these earning calls this week for any data they may provide to justify a bull rally.
Investors are gearing up for another solid earnings performance from Darden Restaurants.
Consumers may be reducing their spending, but are still willing to splurge on a visit to Red Lobster or Olive Garden.
It appears that McDonald’s made a strategic misstep as they began pushing premium products like their Angus burgers and McCafe drinks instead of focusing consumers on their value options.
Declining store traffic and an absence of a compelling value proposition will likely result in disappointing quarterly results from Brinker.
The earnings calendar looks very light this week ahead of next week’s initial third quarter reports. Here are the key earnings reports should watch for this week:
