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Tag: withdraws

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

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  Macy’s has also withdrawn its 2020 sales and earnings outlook, …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 …

Coca-Cola withdraws 2020 outlook amid coronavirus pandemicRead More

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 Daniel Acker | Bloomberg | Getty Images Kohl’s has withdrawn its earnings outlook for the current quarter and fiscal year, as it grapples with the hit it will take from the coronavirus pandemic.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

Bed Bath & Beyond withdraws fiscal outlook; delays store closures

Bed Bath & Beyond said it will reveal its strategic plan in early 2020 as it swung to a third-quarter loss with sales and earnings that missed Street expectations. The embattled retailer also said it would delay closing 20 of its namesake stores until after the first half of fiscal 2020 in order to sell …

Bed Bath & Beyond withdraws fiscal outlook; delays store closuresRead More

Bed Bath & Beyond withdraws fiscal outlook; delays store closures

Bed Bath & Beyond said it will reveal its strategic plan in early 2020 as it swung to a third-quarter loss with sales and earnings that missed Street expectations. The embattled retailer also said it would delay closing 20 of its namesake stores until after the first half of fiscal 2020 in order to sell …

Bed Bath & Beyond withdraws fiscal outlook; delays store closuresRead More