Shoppers Spend Less, Leaving Companies That Deliver Goods Empty for the Holidays [BNN Bloomberg (Canada)]
Matson, Inc. (MATX)
Last matson, inc. earnings: 2/25 04:05 pm
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Source: BNN Bloomberg
A deluge of retailer earnings reflected shoppers paring back spending as inflation soars and recession fear mounts. Meanwhile, consumer surveys by Citigroup Inc. and Goldman Sachs suggested that people increasingly want to spend their money in stores, which is bad news for parcel and last-mile delivery companies that benefitted from the online-shopping boom in the wake of the Covid pandemic. The Dow Jones Transportation Average has lost 2.6% so far this week, with Matson Inc. and Old Dominion Freight Line Inc. leading declines. The gauge is on pace for the worst week in two months. The decline is understandable. A slew of retailers warned about diminishing demand this week, including Target Corp., Kohl's Corp. and Williams-Sonoma Inc.. And strong third-quarter earnings from Walmart Inc. came down to its ability to lure shoppers with discounts amid surging inflation. Overall, the outlook for the holiday shopping season is darker than usual -- bad news both for retailers and tran
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News
- Matson, Inc. (NYSE:MATX) Shares Could Be 28% Below Their Intrinsic Value Estimate [Yahoo! Finance]Yahoo! Finance
- MATSON TO ANNOUNCE FIRST QUARTER 2024 RESULTS ON APRIL 30, 2024 [Yahoo! Finance]Yahoo! Finance
- MATSON TO ANNOUNCE FIRST QUARTER 2024 RESULTS ON APRIL 30, 2024PR Newswire
- Matson, Inc. (NYSE: MATX) was upgraded by analysts at StockNews.com from a "hold" rating to a "buy" rating.MarketBeat
- With 80% ownership, Matson, Inc. (NYSE:MATX) boasts of strong institutional backing [Yahoo! Finance]Yahoo! Finance
MATX
Earnings
- 2/20/24 - Beat
MATX
Analyst Actions
- 2/21/24 - Stifel
MATX
Sec Filings
- 4/2/24 - Form 4
- 3/14/24 - Form 4
- 3/13/24 - Form 144
- MATX's page on the SEC website