Macy's Inc reported a bigger-than-expected fall in quarterly same-store sal...
FILE PHOTO: The Macy's logo is pictured on the side of a building in down town Los Angeles, California, U.S., March 6, 2017. REUTERS/Mike Blake
- Macy’s Inc reported a bigger-than-expected fall in quarterly same-store sales and cut its full-year profit forecast on Thursday, blaming weak international tourism and sluggish mall traffic.Comparable sales at Macy’s owned and licensed stores fell 3.5% in the third quarter ended Nov. 2, bigger than the 1% decrease analysts had expected, according to IBES data from Refinitiv.
The company now expects 2019 adjusted profit of between $2.57 per share and $2.77 per share, compared with its previous forecast of between $2.85 and $3.05.
France Dernières Nouvelles, France Actualités
Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.
Macy's shares fall on sales miss, retailer slashes outlookMacy’s reported its first same-store sales decline in 2 years, citing warmer weather and weaker traffic at some malls. Q3 earnings beat Wall Street estimates, but revenue for the quarter was lower than expected.
Lire la suite »
UPDATE: Macy's shares slide after sales miss and lowered guidance as weather and soft tourism weighMacy's Inc. shares slid 5% in premarket trade Thursday, after the department store chain missed sales estimates for the third quarter and lowered guidance...
Lire la suite »
China's Pinduoduo posts bigger loss as costs surge; shares tumbleChina's Pinduoduo Inc reported a bigger-than-expected quarterly loss on Wed...
Lire la suite »
Target shares surge after company crushes earnings and raises forecastTarget shares hit a record high after the store posted stronger-than-expected Q3 earnings and sales ahead of the holiday shopping season.
Lire la suite »
Retail earnings, manufacturing gauge, home sales: 3 things to watch for in the markets on ThursdayWe'll get earnings from Macy's, Gap and Nordstrom, the Philadelphia Federal Reserve manufacturing gauge and existing home sales on Thursday.
Lire la suite »