With a weakened U.S. dollar and possible recession, Macy's has already announced thethis year and expressed caution after seeing a dip in self-purchases.
Macy’s also reduced its full year forecast in August 2022 after reporting a 2.7% dip in comparable sales and is predicted to lose millions when compared to the same period one year ago.
Kobeissi said Macy’s shareholders will be on the lookout for management’s guidance on the direction of margins and how seasonality may impact demand going forward, especially as the post-pandemic demand spike has dissipated. "While expectations have come down for Macy’s and retail as a whole, investors are extremely cautious about owning these stocks in a high rate and decreasing consumer spending environment," he finished.
Portugal Últimas Notícias, Portugal Manchetes
Similar News:Você também pode ler notícias semelhantes a esta que coletamos de outras fontes de notícias.
10 Places Wall Street Experts Say to Invest Amid High Risk For StocksTop Wall Street strategists and money managers are warning that the risk-reward ratio for stocks is at its worst since the 2008 crisis. Here are 10 places they say to put your money instead with further downside expected for the S&P 500.
Fonte: BusinessInsider - 🏆 729. / 51 Consulte Mais informação »