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 Q4 2023

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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.

Shares of Macy's Inc (NYSE:M) are tanking out of the gate, last seen down 12.1% at $15.62 after a mixed second-quarter report.

Macy's Stock Sinks After Mixed Quarterly report

Macy's, Inc. (NYSE:M) shares tumbled 14% as the department store chain downwardly revised its full year sales forecast as it struggles with curbed consumer spending and a bigger than anticipated hit from promotions. It now expects net sales in the range of $22.1 billion to $22.4 billion, or down between 2% to 0.5% from 2023.

Macy's shares sink on slashed full-year sales forecast

Although the revenue and EPS for Macy's (M) give a sense of how its business performed in the quarter ended July 2024, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.

Macy's (M) Reports Q2 Earnings: What Key Metrics Have to Say

Macy's (M) shares slumped Wednesday after the retailer's second-quarter sales declined and it lowered its full-year guidance on weak consumer spending and more promotions.

Macy's Sales, Outlook Decline as Retailer Faces 'Challenging' Environment

Macy's (M) came out with quarterly earnings of $0.53 per share, beating the Zacks Consensus Estimate of $0.32 per share. This compares to earnings of $0.26 per share a year ago.

Macy's (M) Surpasses Q2 Earnings Estimates

JD.com

U.S. stock futures were higher this morning, with the S&P 500 futures gaining around 0.2% on Wednesday.

Macy's Reports Weak Sales, Joins JD.com And Other Big Stocks Moving Lower In Wednesday's Pre-Market Session

Macy's Inc.'s stock M, -0.45% fell 8% early Wednesday, after the department-store chain missed sales and same-store sales estimates for its fiscal second quarter and lowered its full-year guidance, citing a still-stressed consumer. The company had net income of $150 million, or 53 cents a share, for the quarter through Aug. 3, after a loss of $22 million, or 8 cents a share, in the year-earlier period.

Macy's stock slides 8% after sales fall short of estimates and company lowers guidance

Macy's beat quarterly earnings expectations but it cut its sales forecast for the full year. The company is trying to turn around its business as it closes about 150 namesake stores.

Macy's cuts sales forecast as department stores struggle to draw shoppers

Macy's lowered its annual net sales forecast on Wednesday as lingering weakness in U.S. consumer spending dashes hopes of a turnaround in demand for big-ticket discretionary goods, sending its shares down 10% in premarket trade.

Macy's lowers annual revenue forecast on weak demand

NEW YORK--(BUSINESS WIRE)--Macy's, Inc. Reports Second Quarter 2024 Results.

Macy's, Inc. Reports Second Quarter 2024 Results

Macy's is scheduled to report earnings before Wednesday's open. The stock hit a record high $73.61/share in 2015 and is currently trading near $18.

Earnings Preview: What To Expect From Macy's

Urban Outfitters

Earnings season is slowly winding down to a halt, with a vast majority of companies already delivering their Q2 results.

Will Consumer Strength Fuel These Companies' Results? URBN, TJX, M

Lowe's

Target

Without blowing the doors off the market, we're nicely above August 8th lows currently.

Big-Box Retail Earnings, Jackson Hole Highlight Trading Week

Macy's, Inc. shares have been on a downward trend due to a failed M&A transaction and consumer concerns, but have recovered recently given a strong retail sales report. I expect Macy's to beat earnings estimates for the quarter, with my focus on sales growth from remaining stores and stable margins, as well as inventory disciplined. Macy's management is confident in the turnaround, a confidence I share, and with the potential for a material buyback in the future, I view Macy's stock as a buy.

Macy's: Margins And Go-Forward Sales Growth Critical To Q2 Results

Evaluate the expected performance of Macy's (M) for the quarter ended July 2024, looking beyond the conventional Wall Street top-and-bottom-line estimates and examining some of its key metrics for better insight.

Gear Up for Macy's (M) Q2 Earnings: Wall Street Estimates for Key Metrics

Macy's (M) doesn't possess 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) Earnings Expected to Grow: Should You Buy?

Macy's (M) continues to grapple with significant challenges in the retail sector, marked by evolving consumer behavior and economic headwinds that add to operational complexities.

Should Macy's (M) Stock be in Your Portfolio Before Q2 Earnings?

Macy's recent announcement to close nearly 150 stores by early 2027 marks a pivotal moment for the US retail sector, reflecting the ongoing challenges faced by traditional brick-and-mortar stores in an increasingly digital world.  These closures represent about 25% of Macy's total gross square footage but contribute less than 10% of its overall sales.

How Macy's 150 store closures by 2027 will redefine the American shopping mall experience

Macy's will set off a wave of change at malls, as it closes about 150 namesake stores across the country by early 2027. The department store operator has long been a mall anchor, with stores that range between 200,000 and 225,000 square feet.

Apartments, hockey rinks and Amazon warehouses: Macy's closures will set off a wave of change at shopping malls

Earlier this year, Macy's launched a restructuring initiative called “A Bold New Chapter,” aimed at reinvigorating the company and driving growth. The strategy focuses on strengthening the core Macy's brand through store enhancements, expanded product offerings and cost reductions.

Macy's VP: Restructuring Aims to Elevate Customer Experience and Drive Growth

Some market indicators really don't need much explanation to understand their logical deductions. One example is the dreaded death cross, a pattern that department store icon Macy's (NYSE: M ) is about to print.

Trade of the Day: Go Contrarian on Macy's (M) Stock Death Cross

Macy's (M) closed at $15.22 in the latest trading session, marking a -1.87% move from the prior day.

Macy's (M) Falls More Steeply Than Broader Market: What Investors Need to Know

NEW YORK--(BUSINESS WIRE)--Macy's, Inc. to Report Second Quarter 2024 Results on August 21, 2024.

Macy's, Inc. to Report Second Quarter 2024 Results on August 21, 2024

Visa

YUM! Brands

As the stock market grapples with volatility, four major stocks—Visa Inc V, Macy's Inc M, Yum! Brands Inc YUM, and Target Corp TGT are signaling a concerning technical pattern known as the Death Cross.

Caution Ahead: Visa, Macy's, Yum Brands, Target Stocks Near A Death Cross

DUBLIN--(BUSINESS WIRE)--Avolon, a leading global aviation finance company, announces results for the second quarter (‘Q2') of 2024. 2024 SECOND QUARTER | FINANCIAL HIGHLIGHTS Income Statement (US$M) Q2 2024 Q2 2023 $ CHANGE % CHANGE Lease revenue 660 613 47 +8% Operating cashflow 448 371 77 +21% EBITDA 611 578 33 +6% Net income 105 76 29 +38% Balance Sheet (US$M) Q2 2024 FY 2023 $ Change % Change Total available liquidity 8,170 7,228 942 +13% Total assets 31,300 30,513 787 +3% Secured debt / T.

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