Here are trending economic and food industry data points, as well as major economic and company earnings releasferrous fumarate 29 mges for the coming week: unemployment benefits, global debt, surging commodities, restaurant reservations, Coca-Cola (COKE), and more
Trending Economic News
More than 300,000 jobless people are getting cut off from extended unemployment benefits prematurely because of an outdated method used to determine who qualifies for aid. Benefits are automatically extended when jobless rates hit certain thresholds, but some states aren’t taking into consideration new programs created during the pandemic. Alabama, Maryland, and Minnesota are among states that have been most affected.
Central banks around the world continued to pour money into their economies despite a sharp rebound in global economic growth. ECB kept interest-rate at -0.5%, Japan at -0.1%, and U.S. at 0.25%. Brazil and Russia are among the very few countries that plan to cut back on borrowing. Total global debt reached an all-time high of $281 trillion at the end of 2020, and 2021 is expected to set new records.
Corn, soybeans, and wheat surged on Chinese demand. A drought in Brazil, a cold snap in the U.S., and dry soil in western Europe all led to higher commodities futures. Combined with worries about global food inflation and strong Chinese consumer demand, commodities prices are seen rising to new records.Upcoming Economic ReleaseForecast
Previous4/29/2021GDP (Q1 est annualized)
5.0%
4.3%4/30/2021Personal income (Mar)
20.0%
-7.1%4/30/2021Consumer spending (Mar)
3.8%
-1.0%4/30/2021Consumer sentiment index (Apr)
86.5
84.9Source: Bloomberg, CNBC, Trading Economics, The C100 magnesium citrateonference Board, Food Institute>> For more information on CPI/PPI and Retail Sales, go to Food Institute Economic Benchmarking.Select Food & Beverage Industry Data Points
Restaurant Industry OpenTable restaurant diner growth data (2019 baseline): U.S. = -33.66% as of Apr 21, 2021Beverage Industry
Coca-Cola reported Q1 2021 results on 4/19Net Revenue: $9.0 billion (+5% vs. last year)
Operating Income: $2.72 billion (+9% vs. last year)
Operating Margin: 30.2% vs. 27.7% last year
Net Income: $2.25 billion (-19% vs. last year)Key Takeaways:Unit case volume remained flat, with strength in at-home channels being offset by coronavirus-relatemagnesium citrate and vitamin dd pressure in away-from-home channels
Business Segment Performance:Sparkling soft drinks grew 4%
Nutrition, juice, dairy and plant-based beverages grew 3%
Hydration, sports, coffee, and tea declined 11%Nbest magnesium citrate for constipationew products launched focus around leveraging existing brands such as smartwater® and adding functional variants
Hard seltzer is also a potential growth area with the Topo Chico™ Hard Seltzer brand
Near to medium term growth is contingent upon the reopening of the foodservice sectorEarnings Calendar of Select CompaniesAnnounce DateCompany
EPS Estimate
Previous Quarter EPS4/26/2021J & J Snack Foods Corp (JJSF)$                0.12$              ferric pyrophosphate equivalent elemental iron  0.094/27/2021Archer-Daniels-Midland Co (ADM)$                1.05$                1.214/27/2021Starbucks Corp (SBUX)$                0.53$                0.614/27/2021Mondelez International Inc (MDLZ)$                0.69$                0.674/28/2021Yum! Brands Inc (YUM)$                0.86$                1.154/28/2021Brinker International Inc (EAT)$                0.78$                0.354/28/2021Pilgrims Pride Corp (PPC)$                0.35$                0.254/28/2021Cheesecake Factory Inc (CAKE)$               (0.08)$               (0.32)4/28/2021Wingstop Inc (WING)$                0.31$                0.184/29/2021Amazon.com Inc (AMZN)$                9.48$              14.094/29/2021Restaurant Brands International Inc (QSR)$                0.50$                0.534/29/2021Molson Coors Beverage Co (TAP)$               (0.04)$                0.404/29/2021Hershey Co (HSY)$                1.80$                1.494/29/2021Mcdonalds Corp (MCD)$                1.81$                1.704/29/2021Kraft Heinz Co (KHC)$                0.59$                0.804/29/2021Keurig Dr Pepper Inc (KDP)$                0.31$                0.394/29/2021Dominos Pizza Inc (DPZ)$                2.93$                3.464/29/2021Texas Roadhouse Inc (TXRH)$                0.57$                0.28Source: Bloomberg, CNBC, Yahoo Finance, Food Institute