With nearly three-fourths of the S & P 500 reporting second-quarter results, the earnings picture for the back half of the year is looking unusually complicated. It's been a 'meh' quarter so far We have the usual beat on bottom-line earnings, but revenue beats are below expectations. About 79% of S & P 500 are beating earnings expectations, and that is about average, according to LSEG. Two observations: First, the average beat is much smaller than it has been recently.
" Wendy's said value is "critically important" and touted its ability to offer value before some of its competitors. Further, while it continues to struggle , Starbucks said "thoughtful promotions resonated with customers in our quest to offer enhanced value indicating that our action plans are starting to take hold.