Macy’s Cuts Guidance, Dividend Cut Could Be on the Horizon
publication date: Aug 15, 2019
Image Shown: Macy’s cut adjusted EPS guidance for FY2019, which implies a material drop from its FY2018 performance. Flat revenue guidance, gross margin pressure, and rising SG&A expenses all signal there’s likely more pain yet to come. Image Source: Macy’s – IR Presentation.
We are staying far away from Macy’s and most retailers in general, but continue to like Dollar General Corporation as the nimble retailer has posted stellar performance since joining the Best Ideas Newsletter portfolio in April 2017.
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