Macy's

Macy's, Inc. engages in the retail of apparel, accessories, cosmetics, home furnishings, and other consumer goods. The firm's brands include Macy's, Bloomingdale's, and Bluemercury. It offers men's, women's, and children's apparel, women's accessories, intimate apparel, shoes, cosmetics, fragrances, as well as home and miscellaneous products. The company was founded by Rowland Hussey Macy Sr. on March 6, 1929 and is headquartered in New York, NY.

Earnings data Q4 2020

Earnings data Q1 2021

Earnings data Q2 2021

Earnings data Q3 2021

Earnings data Q4 2021

Earnings data Q1 2022

Earnings data Q2 2022

Earnings data Q3 2022

Earnings data Q4 2022

Earnings data Q1 2023

Earnings data Q2 2023

Earnings data Q3 2023

Earnings data Q4 2023

Earnings data Q1 2024

Earnings data Q2 2024

Earnings data Q3 2024

Macy's reports 15% revenue growth, cautious about consumer trends

Macy's is navigating through uncertain periods, maintaining a focus on customer service and business improvement. The company used a scientific approach to guide their second quarter and full-year projections, considering one-year CAGR, two-year CAGR, and 2019 data.

Macy's reports Q2 sales decline, focuses on strategic growth initiatives

Macy's Q2 performance saw declines in net sales but emphasized strategic initiatives for revenue growth and agility in inventory management. Challenges in achieving profitability were acknowledged, but opportunities in cost savings and small-format stores were highlighted.

Macy's reports Q3 decline, highlights strengths and growth opportunities

Macy's Q3 2023 earnings call revealed a decline in net sales, with notable strengths in specific categories and a focus on growth opportunities through strategic initiatives. The company also addressed challenges and provided insights into its future outlook and leadership transition.

Macy's reports solid Q4 earnings, focuses on growth strategies

Macy's navigated challenges in Q3 and Q4, learning from gifting success and focusing on long-term growth drivers.
Strategic investments in private brands, off-mall stores, and marketplace expansion position Macy's for future success.
Despite macro pressures and consumer dynamics, Macy's remains committed to sustainable growth through margin expansion.
Digital capabilities and personalized pricing initiatives are key focus areas for Macy's to drive growth and enhance customer experience.

Macy's Q1 2024: Sales Challenges Amid Resilience and Growth Focus

Macy's Q1 2024 faced challenges from macro headwinds and consumer behavior shifts, impacting sales but showing resilience in certain categories.
Efforts to manage inventory, improve margins, and focus on growth vectors like private brands and omnichannel experiences are key strengths.
Opportunities in promotions, merchandise margins, and attracting younger customers through digital strategies are on the horizon.
Despite challenges, Macy's remains cautiously optimistic, prepared for market uncertainties, and focused on strategic growth initiatives.

Revenue

Cost of revenue

Gross profit

Operating expenses

SG&A

Other

Operating income

EBITDA

Net income

Earnings per share

Total assets

Current assets

Cash & equivalents

Receivables

Inventory

Non-current assets

Net PPE

Intangibles

Total liabilities

Current liabilities

Short term debt

Income tax payable

Non-current liabilities

Long-term debt

Total equity

Stockholders equity

Minority interest

Total liabilities & equity

Total debt

Net debt

Book value per share

Cash from operations

Funds from operations

Change in working capital

Cash from investing

Capital expenditure

Purchase/sale of investments

Purchase/sale of business

Other sources

Cash from financing

Change in stock

Change in debt

Cash dividends paid

Cash from other sources

Net change in cash

Free cash flow

Macy's, Inc. engages in the retail of apparel, accessories, cosmetics, home furnishings, and other consumer goods. The firm's brands include Macy's, Bloomingdale's, and Bluemercury. It offers men's, women's, and children's apparel, women's accessories, intimate apparel, shoes, cosmetics, fragrances, as well as home and miscellaneous products. The company was founded by Rowland H. Macy in 1858 and is headquartered in New York, NY.

Zedge

NEW YORK, NY / ACCESSWIRE / October 26, 2023 / Zedge, Inc. (NYSE AMERICAN:ZDGE), a leader in building digital marketplaces and friendly competitive games around content that people use to express themselves, today announced results for its fourth quarter and full-year fiscal 2023, ended July 31,2023. "Fiscal 2023 was a transition year for Zedge, and despite the geopolitical, macro-economic, and industry-specific challenges we faced, we finished the year in a much stronger position with respect to product, operations and talent," said Jonathan Reich, chief executive officer.

Zedge Announces Fourth Quarter and Full-Year Fiscal 2023 Results

NEW YORK--(BUSINESS WIRE)--Macy's, Inc. to Report Third Quarter 2023 Results on November 16, 2023.

Macy's, Inc. to Report Third Quarter 2023 Results on November 16, 2023

Macy's (M) benefits from strength in its businesses, strong omnichannel capabilities and small-format store initiatives. However, it is grappling with softness in the credit card segment and high operating costs.

Macy's (M) Gains From Business Strength Despite Headwinds

Costco

Dollar General

Kohl's

Target

Walmart

The death of the American consumer has been talked about for the past year. Just when it seems time for the post-mortem, numbers drop like they did this week and make the so-called experts shake their heads in disbelief.

Retail Sales Exploded in September: Costco, Target and Walmart Will Own the Holidays

Macy's (M) unveils an innovative online fashion platform, mstylelab, to offer its customers a virtual platform for style inspiration and fashion immersion experiences.

Macy's (M) Unveils New Online Fashion Platform Mstylelab

NEW YORK--(BUSINESS WIRE)--This holiday season, Macy's customers can shop “Gifts We Love,” a curated list featuring beauty, home, toys, accessories and unique gifts for everyone on your holiday list. From fragrance sets to fine jewelry and toys, Macy's offers a wide range of gifts from off-price to luxury that the entire family will love. “Gifts We Love” is now available to shop on macys.com, Macy's mobile app and at select Macy's stores nationwide. “Macy's is the ultimate gifting destination.

Macy's Unveils the “Gifts We Love” List for the Holiday Season

Brands are realizing the significance of crafting captivating digital experiences to engage their customers. The need is self-evident, requiring little persuasion for brands to invest.

Macy's and Claire's Invest in Turning Virtual Experiences Into Real-World Gains

NEW YORK--(BUSINESS WIRE)--Today, Macy's launches mstylelab, a new engagement platform that journeys into the future of fashion merging the physical and digital realms to create cutting-edge experiences. mstylelab aims to redefine fashion as a canvas for innovation, blending technology and immersive environments to empower discovery, self-expression, and connectivity. Accessible on any device, using any browser, at macys.com/mstylelab, the public is invited to join the community, create their u.

Macy's Launches New Digital Fashion Platform – mstylelab

Macy's is blending the physical and digital realms with a fashion platform called Mstylelab.

Macy's goes for the fashion metaverse with Mstylelab

Macy's is undervalued and trading as if the company is going out of business. The department store retailer has made significant changes to its business model, but weak sales and recession fears are impacting its stock price. Macy's owns a valuable real estate portfolio, but the market is not giving the stock much benefit for these assets.

Macy's: Still Being Dumped On

Department stores like Macy's once symbolized shopping luxury. However, the rise of online shopping and DTC models has challenged their dominance, prompting strategic shifts. Macy's "On 34th" initiative counters the DTC trend but faces challenges from established brands. Macy's valuable real estate assets offer potential shareholder returns, contrasting with Sears' liquidation strategy.

Macy's: Navigating Modern Retail Challenges With Legacy Strengths

Macy's Jeff Gennette and Tony Spring discussed the future of Macy's on CNBC

Macy's Jeff Gennette And Tony Spring Meet Jim Cramer

Macy's (M) reachead $11.48 at the closing of the latest trading day, reflecting a +0.53% change compared to its last close.

Macy's (M) Rises But Trails Market: What Investors Should Know

Macy's' (M) small-format store expansion plays a pivotal role in enhancing its store portfolio and meeting the evolving needs of customers in various markets.

Macy's (M) Expands Small-Format Store Strategy With New Stores

Incoming Macy's CEO Tony Spring and current CEO Jeff Gennette told CNBC's Jim Cramer about the strength of their brands, including high-end Bloomingdale's.

Incoming Macy's CEO calls Bloomingdales brand a 'growth vehicle' for the company

Macy's plans to open as many as 30 additional small-format stores across the United States, as part of an accelerated expansion strategy.

Macy's to Triple Number of Small-Format Stores by 2025

The pivot comes as declining shopping mall traffic has forced many locations to shutter. Soon, you won't have to hit the mall to visit a Macy's store—or a smaller, revamped version of the retailer, that is.

Is Macy's coming to a strip mall near you? Retailer will open 30 scaled-down locations nationwide

Macy's is building upon its small-store expansion plans. The company, which has been repositioning its portfolio, will triple the number of small-format locations through 2025.

Macy's opening up to 30-small format stores

NEW YORK--(BUSINESS WIRE)--Today, Macy's launches JLo Beauty with the brand's assortment of skincare, beauty and bodycare products, inspiring all women to be their everyday superstar. JLo Beauty products feature luxurious, high-performing formulas with immediately visible and long-lasting results with prices ranging from $15 to $105. The full assortment including fan favorites like That JLo Glow Serum, Firm + Flaunt Targeted Booty Balm and more are available to shop on macys.com, Macy's mobile.

JLo Beauty Launches at Macy's with Jennifer's Ageless Beauty Secrets

Macy's Inc. said Tuesday it's planning to open up to 30 small-format stores through fall of 2025, that will add to the nearly 15 small-format Macy's and Bloomingdale's locations it currently operates. “Paired with a premier digital experience, these small-format stores enhance the company's store portfolio with a mix of the best on- and off-mall locations, to deliver a seamless shopping experience across channels,” the department store chain said in a statement.

Macy's to open up to 30 small-format stores through 2025

The department store operator's off-mall expansion is one of its key growth strategies.

Macy's will open up to 30 stores, as department store looks to strip malls as key part of its future

NEW YORK--(BUSINESS WIRE)--Macy's Unveils Plan to Open up to 30 Small-Format Stores.

Macy's Unveils Plan to Open up to 30 Small-Format Stores

The third Bloomie's location is set to take on the west coast, opening in Seattle's University Village on November 2 NEW YORK , Oct. 2, 2023 /PRNewswire/ -- Bloomingdale's today announced that it will open a "Bloomie's" store location in Seattle, WA on November 2, 2023 within University Village. The smaller store concept by Bloomingdale's provides a casual, contemporary, and highly curated experience for shoppers in the Seattle community.

BLOOMIE'S BY BLOOMINGDALE'S TO OPEN IN SEATTLE THIS NOVEMBER

Macy's stock is down over 40% year-to-date due to reduced guidance and increased capex spending, which has caused lower free cash flow. The Company holds valuable real estate assets, but there are no clear catalysts to unlock their value, and the retail business is facing several headwinds. Although M stock is in deep value territory, buying it right now is like trying to catch a falling knife: Either it can go really well or really bad.

Macy's: A Deep Value Trap?

Best Buy

Walgreens

With recession fears on the rise, now might be a good time to consider the top retail stocks to sell in 2023. Indeed, with retail buyer's consumption patterns shifting, many investors are beginning to take a step back.

News for Macy's Stock (M)