Macy's reports an earnings beat for the quarter but narrowly misses Wall Street's sales forecast.
Macy's forecast annual sales and profit below Wall Street's expectations on Thursday, joining several U.S. retailers in signaling that shoppers were holding off buying apparel and accessories in the face of economic uncertainty.
Macy's beat Wall Street's earnings expectations but fell short on revenue as CEO Tony Spring works through his plan to revitalize the business. The company's so-called "First 50" locations – the stores that Macy's is devoting more resources to as part of its turnaround plan – outperformed the overall company.
Looking beyond Wall Street's top -and-bottom-line estimate forecasts for Macy's (M), delve into some of its key metrics to gain a deeper insight into the company's potential performance for the quarter ended January 2025.
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) closed at $14.78 in the latest trading session, marking a +0.75% move from the prior day.
The latest trading day saw Macy's (M) settling at $14.53, representing a +1.82% change from its previous close.
Macy's (M) reachead $15.08 at the closing of the latest trading day, reflecting a -0.98% change compared to its last close.
Macy's CEO Tony Spring, who is trying to turn around the company, wants to prove to the public markets that its three-brand portfolio has more value than what it's showing today.
LOS ANGELES, CA / ACCESSWIRE / January 15, 2025 / The Schall Law Firm, a national shareholder rights litigation firm, announces that it is investigating claims on behalf of investors of Macy's, Inc. ("Macy's" or "the Company") (NYSE:M) for violations of the securities laws. The investigation focuses on whether the Company issued false and/or misleading statements and/or failed to disclose information pertinent to investors.
M's overall comparable sales for the nine-week period ended Jan. 4, 2025, remain flat year over year. Management slightly trims sales view for Q4.
LOS ANGELES, CA / ACCESSWIRE / January 14, 2025 / The Schall Law Firm, a national shareholder rights litigation firm, announces that it is investigating claims on behalf of investors of Macy's, Inc. ("Macy's" or "the Company") (NYSE:M) for violations of the securities laws. The investigation focuses on whether the Company issued false and/or misleading statements and/or failed to disclose information pertinent to investors.