Macy’s, Best Buy, HP: A Look at the Companies That Cut Guidance This Week
A batch of big-name companies have sliced or withdrawn their financial guidance this earnings season, citing global trade uncertainty and the impact on consumers. Others have provided weak or cautious forecasts, in part due to the macroeconomic environment. Capri Holdings: The fashion conglomerate, which owns Michael Kors, Jimmy Choo and Versace, sliced its revenue forecast and warned that tariff-related uncertainty was likely to weigh on demand.