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.

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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.

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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.

MONTRÉAL, QC / ACCESSWIRE / August 29, 2023 / Critical Elements Lithium Corporation (TSX-V:CRE)(OTCQX:CRECF)(FSE:F12) ("Critical Elements" or the "Corporation") is pleased to announce the results of a new Feasibility Study on the Rose Lithium-Tantalum project ("Rose" or the "Project") in Eeyou Istchee James Bay, Québec. The management of Critical Elements, with its new highly qualified technical team led by Yves Perron as Vice President of Engineering, Construction and Operations, brings a deep level of knowledge and expertise to the engineering process (particularly in mining operations, process, environment, design, estimation and project control).

Critical Elements Lithium Announces New Positive Feasibility Study for the Rose Lithium Project Generating an After-Tax NPV8% of US$2.2B and an After-Tax IRR of 65.7%

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Retailers Raise Red Flags; Analysts Turn Cautious Amid Divergent Results; Lululemon, Dollar Tree, More To Report

Macy's is warning of a spike in customers who are failing to make credit card payments, adding to the evidence of mounting financial stress on consumers.

Macy's sounds the alarm on credit card delinquencies

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Macy's on Tuesday reported a difficult quarter, with comparable-store at owned stores sliding 8%, and its earnings per share when adjusted for a pension shift falling 74%.

Macy's flags acceleration in credit-card delinquencies

Despite quarterly sales decline, Macy's results beat expectations as promotions drove traffic.

Macy's Sales Slide As Retailer Issues ‘Cautious' 2023 Outlook

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Macy's, Target, and Home Depot warned discretionary purchases were slowing. It's a downcast backdrop for retailers reporting later this week.

Retailers Sound Alarm of a Consumer Slowdown

Macy's Inc (NYSE: M) ended 15% down on Tuesday even though its adjusted per-share earnings came in well ahead of Street estimates in its second financial quarter. Macy's did not lift its future guidance Despite beating expectations in the recently concluded quarter, the chain of department stores refrained from raising its full-year guidance.

Macy's swings to loss in Q2: ‘we take a cautious view of the consumer'

Macy's delivered better-than-feared second-quarter results early this morning. Despite the beat, however, the iconic department store chain merely reiterated its previous full-year guidance given uncertainty surrounding current macro headwinds.

Why Macy's Stock Plunged Today

Macy's CEO Jeff Gennette said the smaller strip mall stores showed year over year growth, as the company's earnings report sent its stock tumbling.

Macy's to open four more smaller stores, as strip mall experiment shows early signs of success

Macy's (M) sales beat estimates in the second quarter of fiscal 2023. However, it reports soft sales due to an 8.2% comps decline on an owned basis.

Macy's (M) Q2 Earnings Surpass Estimates, Comps Sales Decline

Macroeconomic concerns hurt the stock market on Tuesday. Dick's Sporting Goods stock plunged as earnings felt the impact of rising theft levels.

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Macy's, Inc. (NYSE:M ) Q2 2023 Earnings Conference Call August 22, 2023 8:00 AM ET Company Participants Pamela Quintiliano - Vice President of Investor Relations Jeff Gennette - Chairman and Chief Executive Officer Tony Spring - President and Chief Executive Officer-Elect Adrian Mitchell - Chief Operating Officer and Chief Financial Officer Conference Call Participants Oliver Chen - TD Cowen Matthew Boss - JPMorgan Greg Sommer - Gordon Haskett Research Advisors Blake Anderson - Jefferies Dana Telsey - Telsey Advisory Group Robert Drbul - Guggenheim Paul Lejuez - Citigroup Alexandra Straton - Morgan Stanley Lorraine Hutchinson - Bank of America Jay Sole - UBS Operator Greetings and welcome to the Macy's, Inc. Second Quarter 2023 Earnings Call. At this time, all participants are in a listen-only mode.

Macy's, Inc. (M) Q2 2023 Earnings Call Transcript

The department store giant brought in 26 cents per share versus estimates of 13 cents, on revenues totaling $5.13 billion, above the $5.06 billion expected.

Macy's +100% EPS, Falls -8%; DKS -20% on Q2

Macy's said US consumers have less cash to spend, and are choosing experiences over products. Lowe's said homeowners are doing well, but fewer are taking on projects themselves.

Macy's, Dick's, and Lowe's are sounding alarms on US shoppers

Retail giants Dick's Sporting Goods Inc (NYSE:DKS) and Macy's Inc (NYSE:M) are fresh off the earnings confessional.

2 Retail Stocks Sinking After Quarterly Earnings

Macy's (M) came out with quarterly earnings of $0.26 per share, beating the Zacks Consensus Estimate of $0.13 per share. This compares to earnings of $1 per share a year ago.

Macy's (M) Beats Q2 Earnings and Revenue Estimates

Macy's, Inc. (NYSE:M) reported stronger-than-expected sales and earnings in the second quarter but held guidance relfecting a cautious economic outlook. “In the second quarter, we delivered better-than-expected top and bottom-line results,” said Jeff Gennette, chairman and chief executive officer.

Macy's sales top forecasts but wary of economic backdrop

The retailer said it is continuing its "cautious approach on the consumer," citing ongoing macroeconomic pressures, and reaffirmed its annual sales and earnings guidance.

Macy's Delivers Earnings, Sales Beat. Why It's Taking a Cautious Approach to Guidance.

NEW YORK--(BUSINESS WIRE)--Today, Macy's announced the locations of four new small-format stores scheduled to open in fall 2023. These openings mark the first expansion of its small-format locations into the Northeast and Western regions of the United States, with openings in Boston, Las Vegas and San Diego. With small store opening momentum growing in the Midwest, the expansion also sees its third location in the region with the recent opening in Highland, Indiana. The eight previous locations.

Macy's Launches First Small-Format Stores in Northeast and Western Region as Part of Ongoing Expansion Strategy

Macy's Inc. M, -2.58% swung to a loss in the latest quarter while posting a decline in sales. The company logged a fiscal second-quarter net loss of $22 million, or 8 cents a share, whereas it posted net income of $275 million, or 99 cents a share, in the year-prior period.

Macy's swings to a loss, says that it's taking ‘a cautious approach on the consumer'

Macy's on Tuesday topped Wall Street's quarterly sales expectations, even as it struck a cautious note about consumer spending for the back half of the year.

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