Newspaper article Charleston Gazette Mail

Markets

Newspaper article Charleston Gazette Mail

Markets

Article excerpt

Today

Soups on Campbell Soup serves up its latest quarterly report card today. Financial analysts predict the companys results were essentially flat in its fiscal first quarter versus a year earlier. Beyond earnings, investors will be listening for an update on how the companys Campbell Fresh unit is faring. The unit, which is intended to cater to customers seeking healthier eating options, has struggled to boost sales.

Housing snapshot A solid job market and low mortgage rates have fueled demand for homes. Thats pushed home sales higher this year, though purchases have been held back in many markets where the supply of available properties for sale remains tight. Economists anticipate that sales of previously occupied homes slowed slightly in October from a month earlier. The National Association of Realtors reports its latest monthly sales data today.

Better quarter? Wall Street anticipates that Dollar Trees third- quarter results improved from a year earlier. The discount retailer, due to report its latest financial results today, has benefited from its acquisition of rival Family Dollar last year. Even so, the companys second-quarter sales fell short of financial analysts forecasts as sales at some former Family Dollar stores weakened.

Chain restaurants under pressure Pressure from increased competition and lower grocery prices will likely keep squeezing sales at chain restaurants. The industry has been dealing with a slew of economic factors that are persistently dragging down same- store sales and contributing to mainly lackluster financial results. Grocery prices remain low, so consumers on tight budgets are often forgoing the expense of eating out. Increased competition and rising labor costs are also pressuring margins at chain restaurants. …

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