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Newspaper
Lawrence Journal World
Location
Lawrence, Kansas, United States of America
Date
Sep 02, 2021
Page
8
Hormel Foods, maker of Spam since 1937, is seen earning 39 cents a share in the May-July period, up from 37 cents a year ago. Shares have fallen about 7 percent since May's second-quarter results, with full-year profit guidance of up to $1.82 a share.
The report notes a price earnings ratio of 28 based on trailing twelve month results for MasterCraft Boat Company across the third quarters of 2020 and 2021. It reflects the stock's valuation relative to earnings over the past year.
Quote from David Chase of the Small Business Majority warns that many businesses will not recover after 18 months of hardship from Hurricane Ida. The report notes damage from the storm including outages and utility disruptions impacting power water and internet with commodity figures reflecting current contract changes.
Kansas Governor Laura Kelly urged districts to require masks amid rising cases and vaccine gaps. Wellington closed Friday due to an outbreak as several districts moved from mask optional to mandates after large quarantines. Kelly pressed parents to decide for their children if boards do not act, while promoting vaccine efforts and a Dillon's partnership offering $50 per dose. Dr. Bacani-McKenney warned the situation is dire, noting long ICU transfers and the need for community protection for unvaccinated children.
Wall Street indices rose with the Nasdaq composite reaching another record. The S&P 500 gained marginally while the Dow nudged higher. PVH and Freeport-McMoRan shares moved, with copper prices dropping and mining firms weighed. PVH raised its annual profit outlook citing solid second quarter results.
About 50 participants joined the initial video conference as the Kansas Health Institute outlines a plan to give direct information and a robust service network for autism across the lifespan. Brenda Jackson urged a lifetime roadmap and improved access, while Kathy Keck called for more family voices in shaping a family centered system, not a provider driven one. Sherman Smith reports for Kansas Reflector.
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