The Week Ahead: Macy’s gives business update and Chobani hosts hunger summit
Taking a look at some key happenings in the next five days.
Cinco de Mayo is still 66 days away, but here is an excuse to enjoy a Mexican cocktail: it’s National Margarita Day. There are plenty of fake holidays like this one, but this day honoring the tequila drink seems to have gained some traction, based on news coverage.
Macy’s will report fourth-quarter earnings, including how it fared during the crucial holiday season. The struggling chain reported a same-store sales decline of 20% for the third quarter as the pandemic kept consumers at home.
Chobani hosts an online Child Hunger Summit featuring discussions about hunger in America and what can be done to improve people’s access to nutritious foods. Speakers include Hamdi Ulukaya, Chobani’s founder and CEO; Luis Guardia, president, Food Research & Action Center; Katie Fitzgerald, chief operating officer and executive VP, Feeding America; and Dr. Marjorie Innocent, director of learning and impact, NAACP.
McDonald’s officially begins selling its new chicken sandwiches, though fans were able to get early access and swag last week. The leading restaurant chain is eager to entice diners who have been heading to Chick-fil-A, Popeyes and elsewhere for their fried-chicken-on-a-bun fix. Yes, it’s had chicken sandwiches but these new crispy, spicy and deluxe versions are expected to be improvements from its prior offerings.
It’s pizza time (isn’t it always?) as market leader Domino’s Pizza and comeback rival Papa John’s report their fourth-quarter results this morning. Both chains have benefited from the rise in at-home dining due to the coronavirus pandemic.
Movie theater chain Cinemark will report fourth-quarter earnings. Unsurprisingly, analysts expect the chain to report a COVID-related decline, but a call with analysts could shed light on the future of the business as vaccines roll out across the U.S.