Macy's Inc. (M)
Macy's results disappoint Wall Street, but executives see ‘light at the end of the tunnel'
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 Ability To Achieve Revised Outlook Amid Weak Macro Environment Is Doubtful: Analyst
Macy's, Inc. M shares are trading lower after the company reported a second-quarter revenue miss.
Macy's Optimistic About ‘First 50' Strategy Despite Overall Sales Drop
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.
Why Macy's Stock Was Falling Today
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 Earnings Beat Estimates, Comps Decline Y/Y
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.
M Stock Earnings: Macy's Beats EPS, Misses Revenue for Q2 2024
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. (M) Q2 2024 Earnings Call Transcript
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.
Macy's slashes sales outlook as iconic retailer struggles to lure cash-strapped shoppers
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.
Macy's Stock Sinks After Mixed Quarterly report
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 shares sink on slashed full-year sales forecast
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 (M) Reports Q2 Earnings: What Key Metrics Have to Say
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 Sales, Outlook Decline as Retailer Faces 'Challenging' Environment
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.
