Key Events of the Week, October 6–10, 2025: Constellation Brands, McCormick, PepsiCo, Delta Air Lines, Fast Retailing, and LVMH Earnings Reports. A Detailed Overview of Corporate Publications and Investor Expectations.
The week of October 6–10, 2025, marks the opening of a new corporate earnings cycle, setting the tone for the entire fourth quarter. Amid ongoing expectations of monetary policy easing in the U.S., instability in consumer demand, and moderate growth in bond yields, investors are closely monitoring signals from companies within the S&P 500, Euro Stoxx 50, Nikkei 225, and MOEX indices. Earnings reports from FMCG giants, airlines, food producers, and luxury brands have the potential to adjust earnings estimates for the fourth quarter and shift the balance between stock and bond demand.
Global Context
The beginning of October is characterized by heightened market sensitivity to macroeconomic data. On Monday and Tuesday, China and Hong Kong remain closed due to national holidays, reducing liquidity in Asia. Speeches by Christine Lagarde and the Governor of the Bank of England contribute to volatility in the euro and pound. The U.S. Senate is once again discussing the government funding bill — political risk remains on the radar.
For investors, this week serves as a litmus test: corporate margin dynamics, the impact of commodity prices, and the correlation between consumer demand and profitability are all under scrutiny. The U.S. market is entering a phase where individual reports act as indicators of economic strength and guiding metrics for strategies in October and November.
Monday, October 6 — Earnings Season Kickoff
- Constellation Brands (STZ) — after market close (around 11:00 PM MSK). The maker of Corona and Modelo opens the season by presenting its Q2 FY 2026 data. Consensus forecast: revenue ≈ $2.5 billion, earnings ≈ $3.40 per share. Investors are analyzing growth in premium brands and the impact of promotional activities. Analysis: Steady demand for premium beer may signal the resilience of the American consumer. However, margin contraction due to advertising expenses could dampen enthusiasm for the FMCG sector. STZ shares traditionally set the tone for Molson Coors and Anheuser-Busch.
Tuesday, October 7 — U.S. Consumer Companies
- McCormick & Company (MKC) — before market open (≈ 15:30 MSK). Q3 2025 earnings report. Expected earnings ≈ $0.82 per share. Analysis: The company serves as an indicator of consumption in the home food segment. Focus is on raw material costs and the pass-through of inflation to the end consumer. Sustaining margins will bolster investor confidence in the FMCG sector, while declining sales volumes in the restaurant channel may signal a slowdown in consumption.
- Penguin Solutions — after market close. An important player in AI infrastructure. Any improvement in margins or comments on new contracts could spur a short-term uptick of 10–15% in the HPC sector.
Wednesday, October 8 — Industrial Sector and Mid-Cap Reports
- AZZ Inc. — to report after market close. The company serves as a barometer for the U.S. industrial cycle (metal structures, galvanizing). Consensus for revenue ≈ $400 million, EPS ≈ $1.15. Analysis: An increase in orders indicates a rebound in capital expenditures in construction and infrastructure.
- Resources Connection (RGP) — consulting “on demand.” The report will provide signals about corporate spending on outsourcing and project management. Slowing revenue may confirm business caution amid elevated Fed rates.
Thursday, October 9 — Key Day of the Week
- PepsiCo (PEP) — before market open (release at 06:00 ET). Organic sales are expected to grow ≈ 5%, EPS ≈ $2.26. Analysis: The market anticipates confirmation of steady demand for snacks and beverages amid moderate declines in volumes. Positive data could strengthen the FMCG sector and support the S&P 500.
- Delta Air Lines (DAL) — before market open; conference call at 10:00 ET. Evaluation of passenger traffic recovery, operating margin > 10%. Analysis: The financial stability of airlines is key to assessing demand for services in the tourism and logistics sector.
- Fast Retailing (9983.T, Nikkei 225) — Q4 2025 results (closing on August 31). Revenue growth of ≈ 9% is expected, with net profit estimated at ≈ 260 billion yen. Analysis: Uniqlo's results will reveal how resilient the Asian consumer is to high inflation and a weak yen.
- LVMH (MC.PA, Euro Stoxx 50) — Q3 interim report, morning of October 9. Sales are expected to decline by 3–4% year-over-year, particularly in China. Analysis: This is a bellwether for the entire luxury sector; a drop in Fashion & Leather Goods could lead to corrections for Kering and Hermès.
Friday, October 10 — Macro Focus and Week's Results
- Non-Farm Payrolls (U.S.) — 15:30 MSK. A key to understanding the Fed’s trajectory. Analysis: Weak data may present an opportunity for easing, supporting growth multiples. Strong data could boost sales in technology.
- No European or Asian corporate releases are scheduled for this day; market focus will be on reactions to LVMH's results and U.S. data.
Russian Market (MOEX)
In Russia, the week remains transitional. Major companies (Sberbank, Gazprom, Lukoil, Novatek) are preparing for IFRS publications in the third decade of October. Domestically, attention is on the VTB Investment Forum "Russia Calls!" (October 7, Yekaterinburg). It is here that forecasts about interest rates, inflation, and currency interventions may be announced. Analysis: Investors should closely monitor comments from the Ministry of Finance and the Central Bank of Russia regarding the reduction of foreign currency sales, which directly affects the ruble's exchange rate and OFZ yields.
Segment Analysis
- U.S. Consumer Sector: resilience of demand amid high inflation; key indicators are PepsiCo and McCormick. A slowdown is expected, but not a recession.
- Transportation: Delta Air Lines is an indicator of global mobility; a 12% year-over-year increase in international flights could stimulate positive trends in travel and hotel sectors.
- Luxury Europe: LVMH's weakness will confirm the cooling of premium demand — a potential shift of capital to the automotive sector (Euro Stoxx 50).
- Asia: Fast Retailing's report provides a "snapshot" of consumer conditions in China, Japan, and Southeast Asia.
Conclusion — What Investors Should Expect
The week of October 6–10, 2025, serves as a foundation for the corporate earnings season. Key companies are sending mixed signals: the American consumer remains resilient for now, the Asian consumer is cautious, and the European luxury segment is in a phase of correction. Investors from the CIS are advised to closely monitor the dynamics of the S&P 500 and the responses to FMCG reports, as these often dictate sentiment in the banking and commodities sectors of Russia through the global ETF channel.
Main takeaway: This week presents an opportunity for precise positioning based on reports and preparation for rising volatility in the latter half of October. Investors should maintain moderate positions, realize some profits, and await signals regarding Fed rates following the Non-Farm Payrolls release.
