Macy's Inc. (M)
Macy's (M) Surpasses Q2 Earnings Estimates
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 stock slides 8% after sales fall short of estimates and company lowers guidance
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 cuts sales forecast as department stores struggle to draw shoppers
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 lowers annual revenue forecast on weak demand
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.
Earnings Preview: What To Expect From Macy's
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.
Macy's: Margins And Go-Forward Sales Growth Critical To Q2 Results
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.
Gear Up for Macy's (M) Q2 Earnings: Wall Street Estimates for Key Metrics
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.
Macy's (M) Earnings Expected to Grow: Should You Buy?
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.
Should Macy's (M) Stock be in Your Portfolio Before Q2 Earnings?
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.
How Macy's 150 store closures by 2027 will redefine the American shopping mall experience
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.
Apartments, hockey rinks and Amazon warehouses: Macy's closures will set off a wave of change at shopping malls
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.
Macy's VP: Restructuring Aims to Elevate Customer Experience and Drive Growth
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.
