Macy's Inc. (M)
Macy's: Even Luxury Shoppers Are Making ‘Thoughtful' Choices About Spending
Economic pressures are driving shoppers to scrutinize their discretionary spending more carefully, according to Macy's, with even high-income customers showing increased selectivity in their purchases of luxury items.
Macy's (M) Q1 Earnings Beat Estimates, Comps Decline Y/Y
Macy's (M) Q1 results reflect a y/y decline in comparable sales. However, the company focuses on strategic investments and transitions aimed at long-term growth.
Macy's, Inc. (M) Q1 2024 Earnings Call Transcript
Macy's, Inc. (NYSE:M ) Q1 2024 Earnings Call Transcript May 21, 2024 8:00 AM ET Company Participants Pamela Quintiliano - VP of IR Tony Spring - Chairman and CEO Adrian Mitchell - COO and CFO Conference Call Participants Matthew Boss - JPMorgan Chase Warren Cheng - Evercore ISI Ashley Helgans - Jefferies Tracy Kogan - Citi Dana Telsey - Telsey Advisory Group Chuck Grom - Gordon Haskett Oliver Chen - TD Cowen Brooke Roach - Goldman Sachs Bob Drbul - Guggenheim Partners Operator Greetings and welcome to the Macy's Inc. First Quarter 2024 Earnings Call. At this time, all participants are in a listen-only mode.
Macy's raises full year outlook as Q1 earnings top estimates
Macy's, Inc. (NYSE:M) reported better-than-expected earnings for the first quarter which saw the department store operator raise its full year outlook. It reported adjusted earnings per share (EPS) of $0.27, down from $0.56 in the year-ago quarter but ahead of Wall Street estimates of $0.18.
Macy's raises full year outlook as Q1 earnings top estimates
Macy's, Inc. (NYSE:M) reported better-than-expected earnings for the first quarter which saw the department store operator raise its full year outlook. It reported adjusted earnings per share (EPS) of $0.27, down from $0.56 in the year-ago quarter but ahead of Wall Street estimates of $0.18.
Macy's Sees Upturn In Fiscal 2024
An embolden Tony Spring, Chairman and CEO of Macy's, clearly defined the future by indicating that he was encouraged by the consumer's response to Macy's bold New Chapter strategy. In the first quarter it resulted in results near the high-end of expectation.
Compared to Estimates, Macy's (M) Q1 Earnings: A Look at Key Metrics
The headline numbers for Macy's (M) give insight into how the company performed in the quarter ended April 2024, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.
Macy's Stock Rises as Q1 Results Fall Less Than Expected
Shares of the iconic retailer Macy's (M) rose in intraday trading Tuesday after the release of a first-quarter earnings report that indicated the company's turnaround plan including store closures and cutting jobs is proving to be beneficial so far.
Macy's is ‘off to a good start' despite quarterly sales decline – analyst says
Macy's Inc (NYSE: M) had an “encouraging quarter” even though its sales declined another 2.7% on a year-over-year basis, says Bob Drbul – a Guggenheim Securities analyst.
Macy's Stock Pops After Beat-and-Raise
Retail concern Macy's Inc (NYSE:M) stepped into the earnings confessional this morning, where it reported better-then-expected first-quarter earnings and raised its full-year guidance.
Macy's (M) Surpasses Q1 Earnings and Revenue Estimates
Macy's (M) came out with quarterly earnings of $0.27 per share, beating the Zacks Consensus Estimate of $0.18 per share. This compares to earnings of $0.56 per share a year ago.
Macy's stock climbs after results beat expectations and full-year outlook was raised
Shares of Macy's Inc. M rallied 2.4% in premarket trading Tuesday, after the department store chain reported fiscal first-quarter results that beat expectations and nudged up its full-year outlook. Net income for the quarter to May 4 declined to $62 million, or 22 cents a share, from $155 million, or 56 cents a share, in the same period a year ago.
