The future of Macy's continues to evolve into a story of haves and have-nots.
Shares of Macy's Inc M remained volatile in early trading on Thursday, after the company reported weak quarterly sales.
24/7 Wall St. Insights Macy's Inc. (NYSE: M) customers clearly have decided to shop elsewhere.
Shares of Macy's Inc. slid on Wednesday after the department-store chain cut its outlook and said that consumers were still skittish. Positives were hard to find, but management tried their best to highlight some.
Macy's, Inc. M shares are trading lower after the company reported a second-quarter revenue miss.
Macy's officials are confident in their “A Bold New Chapter” strategy, highlighted by the company's First 50 locations. During its second-quarter earnings call Wednesday (Aug. 21), Macy's Chairman and CEO Tony Spring noted the retailer showcased these flagship stores as a beacon of success amid a challenging retail environment.
Macy's posted declining comparable-sales growth and missed top-line estimates. Gross margin improved, leading to a bottom-line beat.
Macy's (M) Q2 results reflect a y/y decline in comps. However, it sees fiscal 2024 as a transitional and investment year, focusing on key strategic initiatives to improve customer experience.
Macy's (NYSE: M ) just reported results for the second quarter of 2024. Macy's reported earnings per share of 53 cents.
Macy's, Inc. (NYSE:M ) Q2 2024 Earnings Conference Call August 21, 2024 8:00 AM ET Company Participants Pamela Quintiliano - VP of IR Tony Spring - Chairman & CEO Adrian Mitchell - COO & CFO Conference Call Participants Matthew Boss - JPMorgan Chase Brooke Roach - Goldman Sachs Bob Drbul - Guggenheim Partners Dana Telsey - Telsey Advisory Group Blake Anderson - Jefferies Tracy Kogan - Citi Alex Straton - Morgan Stanley Neil Goh - TD Cowen Michael Binetti - Evercore ISI Jay Sole - UBS Janet Kloppenburg - JJK Research Operator Greetings, and welcome to Macy's, Inc. Second Quarter 2024 Earnings Conference Call. At this time, all participants are in a listen-only mode.
All eyes are on the retailer's new CEO as the department chain struggles to win over inflation-weary customers drawn to affordable rivals like Target and Walmart.
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.