3 Reasons to Monitor Earnings of Costco Wholesale, Kroger, and Macy’s by Investing.com
Investors are keeping a close eye on the earnings reports of three major retailers, Costco Wholesale (COST), Kroger (KR), and Macy’s (M). With their respective quarterly results due out soon, here are three key things to watch.
First, investors will be looking for any indication that the companies have been able to weather the coronavirus pandemic. All three retailers have seen sales declines in recent months as consumers stay home and shop less frequently. However, there has also been an increase in online shopping, which could offset some of these losses.
Second is how each company is managing its costs during this difficult period. All three companies must maintain their operations while dealing with decreased demand from customers; they need to find ways to reduce expenses without sacrificing quality or customer service levels too much.
Thirdly, investors will want insight into what strategies each retailer has implemented or plans on implementing going forward to remain competitive and profitable once consumer spending returns closer to pre-pandemic levels again. Investors should pay attention if either company announces new initiatives, such as investing more heavily into digital channels or expanding product offerings beyond traditional retail items like clothing and groceries.
Overall, by closely examining all aspects of these upcoming earnings reports, investors can gain valuable insight into how well each retailer has managed through one of history’s most challenging economic environments thus far.Read more at Investing.com