More than half of the companies reported so far cited a strong greenback as a headwind to their business in the second quarter, according to FactSet.
Levi Strauss and Helen of Troy are among the companies that sounded alarms on the "unfavorable currency impact."The second-quarter earnings season kicks into full gear this week, but a trend is already emerging with the companies that have reported so far. The strong dollar is eating away at company profits.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
JabangwePNN Machupeti muripo here?😄 MDCAllianceZW mdczimbabwe advocatemahere BitiTendai
That's an excuse. Smart managers adjust to the landscape!