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Tag: outlook

Vietnam’s outlook is ‘one of the brightest’ in Asia, UBS says

Vietnam is among the “brightest” spots in Asia despite the challenge of trying to contain the coronavirus pandemic — and its economy is poised to rebound, a UBS economist said this week. “Vietnam is suffering some pain from the impact of Covid-19, but the outlook is looking one of the brightest in the region,” said Edward …

Vietnam’s outlook is ‘one of the brightest’ in Asia, UBS saysRead More

Retail, homebuilders outlook for 2020

Retail and housing. Those two consumer-driven sectors could be key to determining the market’s next move, Miller Tabak chief market strategist Matt Maley told CNBC’s “Trading Nation” on Thursday. “Of course, both are very, very important to the economy,” Maley said, referencing the charts of the SPDR S&P Retail ETF (XRT) and the iShares U.S. …

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Wendy’s withdraws outlook and draws down revolver as same-store sales plunge 20%

The Breakfast Baconator and Seasoned Potatoes are part of the breakfast menu at Wendy’s restaurants on March 2, 2020 in New York City. David Dee Delgado | Getty Images Wendy’s on Thursday announced measures to support its franchisees and its own liquidity as the coronavirus pandemic drives down its same-store sales by 20%.  The Dublin, Ohio-based …

Wendy’s withdraws outlook and draws down revolver as same-store sales plunge 20%Read More

Darden Restaurants (DRI) Q3 2020 earnings beat estimates, outlook pulled

A take-out order from a Darden Restaurants Inc. Olive Garden. Daniel Acker | Bloomberg | Getty Images Darden Restaurants on Thursday reported quarterly earnings and revenue that topped analysts’ expectations, but the Olive Garden parent also withdrew its fiscal 2020 outlook and suspended its quarterly dividend, citing the coronavirus crisis. After the earnings report, shares swung wildly, trading …

Darden Restaurants (DRI) Q3 2020 earnings beat estimates, outlook pulledRead More

Macy’s withdraws earnings outlook, suspends dividend amid coronavirus

Macy’s store in New York City. SOPA Images | LightRocket | Getty Images Macy’s said Friday that it has fully drawn its $1.5 billion revolving credit facility, in the midst of the coronavirus pandemic. The department store chain said it did so as a “proactive measure.”  Macy’s has also withdrawn its 2020 sales and earnings outlook, …

Macy’s withdraws earnings outlook, suspends dividend amid coronavirusRead More

Coca-Cola withdraws 2020 outlook amid coronavirus pandemic

James Quincey, President and chief operating officer of the Coca-Cola company. Patrick Kovarik | AFP | Getty Images Coca-Cola on Friday said that it does not expect to meet its financial outlook for 2020 due to the impact of the coronavirus pandemic. Around the world, sporting events and concerts have been canceled, movie theaters and …

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JC Penney yanks earnings outlook because of coronavirus

Shoppers sit outside of a J.C. Penney store at the Westfield Mall in Culver City, California. Martina Albertazzi | Bloomberg | Getty Images J.C. Penney has withdrawn its earnings outlook due to the uncertainty surrounding COVID-19. The department store chain announced Friday morning that it is not providing an updated outlook at this time. Earlier in …

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Kohl’s taps credit, withdraws earnings outlook because of coronavirus

A shopper prepares to pay for items at a Kohl’s department store in Peru, Illinois, May 16, 2019. Daniel Acker | Bloomberg | Getty Images Kohl’s has withdrawn its earnings outlook for the current quarter and fiscal year, as it grapples with the hit it will take from the coronavirus pandemic.  The department store chain will …

Kohl’s taps credit, withdraws earnings outlook because of coronavirusRead More

Five Below ramps up store growth in 2020, revises Q4 outlook

Get great content like this right in your inbox. Subscribe New store openings will remain a priority for Five Below this year.  The tween and teen value-oriented retailer reported Monday that it will open 180 new stores in 2020, up from roughly 150 locations in fiscal 2019.  The expansion for 2020 translates to 20% unit growth, according to Five …

Five Below ramps up store growth in 2020, revises Q4 outlookRead More

J. Jill updates outlook for the better

Get great content like this right in your inbox. Subscribe J. Jill is optimistic about how it will end its fiscal year.  The women’s apparel retailer on Monday updated its fourth quarter earnings and sales outlook. For the quarter, ending Feb. 1, the company expects total comparable sales to decrease 6% to 8% with total …

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