The Week Ahead: Earnings calls, pricey turkey, basketball rivalry renewed

Thanksgiving turkey |Courtesy of Kristie Moser/Flickr
An avian influenza epidemic has driven the cost of Thanksgiving turkey to record highs. |Courtesy of Kristie Moser/Flickr

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

Monday

The semifinals of the College Basketball Experience Hall of Fame Classic tip off at the Sprint Center in Kansas City. The annual tournament features a clash between former Big 12 rivals Missouri and Kansas State in one semifinal. North Carolina and Northwestern meet in the other. The tournament concludes with its championship round Tuesday night.

Mallinckrodt, the Irish pharmaceutical company that has its U.S. headquarters in St. Louis, is scheduled to report quarterly earnings. The average analyst estimate for quarterly earnings per share is $1.77, according to Yahoo Finance.

Tuesday

Earnings season continues, with quarterly reports scheduled for Caleres, the St. Louis-based shoe company, and the Laclede Group, the St. Louis-based utility holding company.

The Food Bank for Central and Northeast Missouri is joining with Cumulus, Walmart and Schnucks for the Partnership Against Hunger Food Drive. The annual event will take place from 6 a.m. to 6 p.m. at Walmart and Schnucks stores in Columbia, Jefferson City, Moberly and Fulton.

Wednesday

New home sales figures for October are scheduled to be released. Analysts expect the number to bounce back after plummeting 12 percent in September, Bloomberg reports.

The Labor Department is scheduled to release the new jobless claims. An increasing trend suggests a deteriorating labor market.

Thursday

The average Thanksgiving dinner is projected to cost more than $50 for the first time this year, the American Farm Bureau Federation reports. The price of turkey, which has spiked due to this year’s bird flu epidemic, is a big driver of the expensive Turkey Day spread.

The Hyde Park Pilgrim Run, a five-kilometer walk and run through historic Hyde Park district in midtown Kansas City, will take place on Thanksgiving morning. Proceeds from this event will go to the children’s programs of the Pilgrim Center. 

Friday

Black Friday is expected to draw crowds to stores across the state and country. However, signs point to retailers and customers cooling on the post-Thanksgiving shopping craze, with sales over Thanksgiving weekend down 11 percent last year and many vendors planning to spread discounts and deals over the month of November.

Saturday

Small, local retailers in Missouri will celebrate the start of the holiday shopping season with Small Business Saturday. In Kansas City, businesses in Brookside, the Crossroads Arts District, downtown Overland Park and other neighborhoods are joining together to celebrate the occasion.


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