What Steelcase’s Earnings Say About The Return To The Office?

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ValueWalk

Steelcase stock is down approximately 6% after lowering its guidance for the upcoming quarter.The company is beginning to overcome inflation pressures but is forecasting weakening demand.A reduced dividend may cause income investors to stay away.Steelcase (NYSE: SCS) stock is dropping following a mixed earnings report. In this case, the company beat on earnings but missed on revenue. Normally, higher profits would be a cause for celebration. In this earnings season, however, investors are paying more attention to the company’s guidance. And on that front, Steelcase offered little to encourage …

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