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Walgreens Boots Alliance said its profits were squeezed by a shift in sales to low-margin items, increased supply-chain costs and higher expenses for labor and store cleaning.
Walgreens swings to a quarterly loss as coronavirus drives up costs, lowers doctor visits; shares fall
A complete recovery "will likely take some time," Levi & Strauss Co. CEO Chip Bergh said.
Levi's sales fall 62% in second quarter, to cut 15% of corporate workforce
The road to recovery at Macy's is likely going to be a rocky one because of the coronavirus pandemic. The retailer warned Wednesday that sales are falling again in states such as Texas where Covid-19 cases are on the rise.
Rocky road ahead at Macy's, potential 'regional flare-ups,' with Covid-19 cases surging in some states
Michael Kors owner Capri Holdings on Wednesday estimated a 70% slump in first-quarter sales after the coronavirus hammered luxury sales.
Michael Kors owner Capri estimates 70% plunge in first-quarter revenue
Macy's on Wednesday reported a first-quarter loss, in line with the retailer's previously announced estimates, as its business took a hit from the coronavirus pandemic.
Macy's reports first-quarter loss but does not expect 'another full shutdown'
Shares of FedEx jumped 9.4% in extended trading on Tuesday after a surge in pandemic-fueled home deliveries helped the U.S. package carrier post better-than-expected quarterly profit and revenue.
FedEx shares jump over 9% as quarterly results top expectations
Investors should stay bearish on U.S. stocks until the full extent of the economic damage caused by the coronavirus pandemic is known, according to TS Lombard.
U.S. market is 'smoking dope on earnings' and investors are likely to be disappointed, economist says
Micron Technology on Monday forecast current-quarter revenue above Wall Street estimates as home-bound employees and students spur demand for its chips that power notebooks and data centers, sending its shares up 6% in after-market trading.
Micron to shift some chip supply to data centers as cloud powers earnings beat
Burger King's U.S. same-store sales are trending flat as customers return to its locations for Whoppers and french fries.
Burger King's U.S. same-store sales are flat as fast-food customers return to restaurants
The second quarter is nearly over, and analysts still are clueless about what earnings companies will be reporting.
With the second quarter almost over, what companies earned is anyone's guess
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