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- The retail industry could be headed for a tough holiday season. Here's a roundup of 3 companies that just cut their profit outlooks.
The retail industry could be headed for a tough holiday season. Here's a roundup of 3 companies that just cut their profit outlooks.
1. Home Depot
![The retail industry could be headed for a tough holiday season. Here's a roundup of 3 companies that just cut their profit outlooks.](/_next/image?url=https%3A%2F%2Fstaticbiassets.in%2Fthumb%2Fmsid-72202285%2Cwidth-700%2Cheight-525%2Cimgsize-902548%2F1-home-depot.jpg&w=3840&q=75)
2. Kohl's
![2. Kohl](https://staticbiassets.in/thumb/msid-72202284,width-700,height-525,imgsize-1082627/2-kohls.jpg)
Ticker: KSS
Reported earnings: November 19
- Adjusted earnings per share: 74 cents, versus 86 cents (expected)
- Revenue: $4.36 billion, versus $4.40 billion (expected)
- Comparable sales growth: 0.4%, versus 0.8% (expected)
Full-year EPS guidance: $4.75 to $4.95, versus prior guidance of $5.15 to $5.45
Stock decline post earnings through Thursday's close: -19%
3. Macy's
![3. Macy](https://staticbiassets.in/thumb/msid-72202282,width-700,height-525,imgsize-687992/3-macys.jpg)
Ticker: M
Reported earnings: November 21
- Adjusted earnings per share: 7 cents reported, versus 1 cent (expected)
- Revenue: $5.17 billion reported, versus $5.30 billion (expected)
- Same-store sales: -3.9% reported, versus -1.2% (expected)
Full-year EPS guidance: $2.57 to $2.77, previously saw $2.85 to $3.05
Stock decline post earnings through Thursday's close: -2.3%
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