The Week Ahead: Sprint and Cerner earnings, tax holiday, jobs report

The Week Ahead August 2

Here’s a look at some of the stories Missouri Business Alert is tracking this week.

Monday

Motor vehicle sales for the month of July will be reported. Over the first half of 2015, total light vehicle sales were up about 4.4 percent, to 8.5 million. Ford’s F-Series pickup trucks, which are produced in Claycomo, among other locations, were the top-selling vehicles during that span, with 357,180 sold, according to a Wall Street Journal report.

Gallup will release the self-reported Consumer Spending Measure for July. The index is an average of daily expenses of Americans, collected by phone interviews with around 15,000 adults nationwide. In June, Americans spent $90 per day, down slightly from $91 in June of last year.

Seaboard, an agribusiness and transportation company based in Shawnee Mission, Kan., will hold its quarterly earnings call.

Tuesday

Two of the Kansas City area’s most prominent technology companies are scheduled to report earnings. Health care IT company Cerner, fresh off winning part of a $4.3 billion military contract, will release its quarterly results. So will telecom company Sprint, two days shy of the first anniversary of Marcelo Claure taking over as CEO. Other earnings calls of local interest include Charter Communications, Emerson Electric, EPR Properties and Mallinckrodt.

Wednesday

Edgewell Personal Care, the Chesterfield-based personal products company, will hold its first earnings call since being spun off from Energizer on July 1. Laclede Group and Stifel Financial will also report quarterly results.

Thursday

Energy is the theme of the day for quarterly earnings calls in Missouri, as Great Plains Energy and SunEdison both report their results for the last three months. Aratana Therapeutics, Build-A-Bear Workshop, and Post Holdings will also hold calls.

The Columbia Chamber of Commerce’s Government Affairs Committee will meet. The committee aims to enhance the the economic environment for and represent the political interests of Columbia businesses.

Sounds Great, a Springfield-based company that designs, supplies and installs audio, video and lighting services, will hold a ribbon-cutting ceremony.

Friday

Missouri’s annual back-to-school sales tax holiday will start Friday and run through Sunday. During the annual three-day event, certain back-to-school items, including clothing, school supplies and computers, are exempt from sales tax.

The U.S. Department of Labor will issue its monthly jobs report for July. The national unemployment rate for June was 5.3 percent, the lowest mark since April 2008. The rate is expected to hold steady this month, Bloomberg reports.

Saturday

The Mid-Missouri Wine and Brew Festival takes place at the Lake of the Ozarks. The event, sponsored by the Lake Area Chamber of Commerce, will feature a dozen wineries and breweries from across the state.


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