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

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Earnings data Q3 2021

Earnings data Q4 2021

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Earnings data Q4 2023

Earnings data Q1 2024

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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.

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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.

Macy's, Inc. (NYSE:M ) Q4 2022 Earnings Conference Call March 2, 2023 9:00 AM ET Company Participants Pamela Quintiliano - Vice President, Investor Relations Jeff Gennette - Chairman and Chief Executive Officer Adrian Mitchell - Chief Financial Officer Conference Call Participants Brooke Roach - Goldman Sachs Oliver Chen - TD Cowen Chuck Grom - Gordon Haskett Matthew Boss - JPMorgan Alex Straton - Morgan Stanley Dana Telsey - Telsey Advisory Group Tracy Kogan - Citigroup Bob Drbul - Guggenheim Partners Ashley Helgans - Jefferies Operator Greetings and welcome to the Macy's, Inc. Fourth Quarter 2022 Earnings Conference. [Operator Instructions] As a reminder, this conference is being recorded.

Macy's, Inc. (M) Q4 2022 Earnings Call Transcript

Macy's Inc shares had jumped 8.8% to US$22.22 by noon on Thursday following the release of better-than-expected fiscal fourth-quarter earnings and upbeat guidance for fiscal 2023.  For the quarter, the department store operator posted adjusted earnings per share of $1.88, above the consensus expectations of earnings per share of $1.57.

Macy's shares rise as retailer rings up earnings beat, solid guidance

Jobless Claims stayed historically low, while Q4 Productivity was revised much lower and Unit Labor Costs higher.

Claims, Productivity & Costs: Bad News for the Fed

Initial Claims Come in Lower

"(We) took strategic markdowns and intentionally did not chase unprofitable sales," CEO Jeff Gennette said.

Macy's beats retail gloom as upbeat forecast sends shares soaring

Macy's Inc. stock soared 10% Thursday, after the department store chain beat earnings estimates for the fourth quarter and offered upbeat guidance for fiscal 2023.

Macy's stock soars after earnings beat as consumers bought gifts, men's tailored apparel and beauty products

Although they currently account for only 10 of its total portfolio of 722 physical locations under its many brands, Macy's CEO Jeff Gennette can't stop talking about the big opportunity he sees in these comparatively little stores.

Macy's Off-Mall Small Format Stores Are Killing It and More Are Coming

Shares of Macy's Inc (NYSE: M) are up more than 10% on Thursday after reporting a strong fourth quarter and offering upbeat guidance for the future. Analyst shares his view on Macy's stock For the full financial year, Macy's now expects its per-share earnings to fall between $3.67 and $4.11 on up to $24.

Should you buy Macy's stock on strong Q4 results?

Macy's (M) delivered earnings and revenue surprises of 19.75% and 0.52%, respectively, for the quarter ended January 2023. Do the numbers hold clues to what lies ahead for the stock?

Macy's (M) Surpasses Q4 Earnings and Revenue Estimates

M stock bolted higher in premarket action Thursday as Macy's handedly topped earnings forecasts and offered a positive outlook. The post Macy's Stock Bolts Higher On Earnings Beat, Strong Outlook appeared first on Investor's Business Daily.

Macy's Stock Bolts Higher On Earnings Beat, Strong Outlook

Best Buy

Macy's said its sales were down 4.6% in the fourth quarter, and Best Buy said its U.S. sales for the three months ended Jan. 28 fell nearly 10%.

Macy's, Best Buy Sales Declines Reflect Pullback by Shoppers

The retailer expects to see sales down only slightly in 2023 but profit per share on the high side of the Wall Street consensus of $3.78.

Macy's Earnings Smash Expectations. The Stock Flies—Thank the Outlook.

Macy's delivered a bigger profit than expected during the holiday quarter.

Macy's surges after holiday-quarter profit tops expectations

NEW YORK--(BUSINESS WIRE)--Macy's, Inc. (NYSE: M) today reported financial results for the fourth quarter and fiscal 2022 and provided fiscal 2023 guidance.

Macy's, Inc. Reports Fourth Quarter and Full-Year 2022 Results

Salesforce

Tesla

The S&P 500 has been struggling for upside and is now quietly down for three straight weeks. In the meantime, a number of hot stocks for tomorrow continue to report earnings and make key announcements as we head into March.

3 Hot Stocks for Tomorrow: Thursday Predictions for TSLA, CRM, M

Macy's (M) is seeing favorable earnings estimate revision activity and has a positive Zacks Earnings ESP heading into earnings season.

Should You Buy Macy's (M) Ahead of Earnings?

Kroger

In mid-morning trading Tuesday, the Dow Jones industrials were down 0.15% and the S&P 500 down 0.52%, but the Nasdaq Composite was up 0.05%.

Earnings Previews: Kroger, Macy's

American Eagle Outfitters

Macy's and American Eagle Outfitters are slated to unveil their quarterly results within the next week. Macy's will report on March 2nd, whereas American Eagle Outfitters will report on March 1st.

Previewing Macy's and American Eagle Before Earnings

Target

Walmart

It is no surprise that the combined weight of elevated inflation, rising interest rates and uncertainty about the economy have forced consumers to change their spending behavior.

Breaking Down Retail Earnings and Consumer Spending Trends

Macy's (M) possesses the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

Macy's (M) Expected to Beat Earnings Estimates: Can the Stock Move Higher?

Burlington Stores

Five Below

Ulta Beauty

Amid a tough retail environment, Ulta Beauty (ULTA), Burlington Stores (BURL), Five Below (FIVE) and Macy's (M) are likely to have benefited from a consumer-centric approach, refresh assortments and digitization.

4 Consumer Stocks With High Probability to Beat on Earnings

Macy's (M) has an impressive earnings surprise history and currently possesses the right combination of the two key ingredients for a likely beat in its next quarterly report.

Will Macy's (M) Beat Estimates Again in Its Next Earnings Report?

Dollar Tree

Home Depot

Retailer stocks have climbed ahead of earnings season, but some retailers may be bracing for a slowdown later this year.

Retail Stocks Are Rallying. Will Earnings End the Party?

In honor of Women's History Month, the iconic retailer partners with Tika Sumpter to curate the latest pop-up shop with an exciting assortment of items from 50 female-founded and owned brands. NEW YORK , Feb. 15, 2023 /PRNewswire/ -- Bloomingdale's announced today The Carousel @ Bloomingdale's: Female Founders Curated by Tika Sumpter – a celebration of female entrepreneurs in honor of Women's History Month.

BLOOMINGDALE'S ANNOUNCES THE CAROUSEL @ BLOOMINGDALE'S: FEMALE FOUNDERS CURATED BY TIKA SUMPTER

NEW YORK--(BUSINESS WIRE)--Macy's, Inc. will report its fourth quarter and full-year 2022 sales and earnings results on Thursday, March 2, 2023. The company will host a call and webcast with financial analysts and investors that day at 8:00 a.m. ET. The general public and the media will be able to access the live webcast via the company's website at www.macysinc.com, where the associated presentation will also be available.

News for Macy's Stock (M)