The Scheduled Reports feature is directly tied to the Views Feature.
Scheduled Reports allow users to have specific filtered Views emailed on a daily, weekly, or monthly basis.
How To Set Up Scheduled Reports
Go to Settings > User Settings> Scheduled Reports
Set the report's name.
Select the View to schedule.
Select a store.
Optional: Include data from the previous period.
Choose Daily or Monthly; If selecting Daily, users may specify a day of the week to effectively use as a weekly option.
Enter the email(s) for the report to be sent to.
Apply Changes.