Macy's

Macy's, Inc. engages in the retail of apparel, accessories, cosmetics, home furnishings, and other consumer goods. The firm's brands include Macy's, Bloomingdale's, and Bluemercury. It offers men's, women's, and children's apparel, women's accessories, intimate apparel, shoes, cosmetics, fragrances, as well as home and miscellaneous products. The company was founded by Rowland Hussey Macy Sr. on March 6, 1929 and is headquartered in New York, NY.

Earnings data Q1 2021

Earnings data Q2 2021

Earnings data Q3 2021

Earnings data Q4 2021

Earnings data Q1 2022

Earnings data Q2 2022

Earnings data Q3 2022

Earnings data Q4 2022

Earnings data Q1 2023

Earnings data Q2 2023

Earnings data Q3 2023

Earnings data Q4 2023

Earnings data Q1 2024

Earnings data Q2 2024

Earnings data Q3 2024

Earnings data Q4 2024

Macy's reports 15% revenue growth, cautious about consumer trends

Macy's is navigating through uncertain periods, maintaining a focus on customer service and business improvement. The company used a scientific approach to guide their second quarter and full-year projections, considering one-year CAGR, two-year CAGR, and 2019 data.

Macy's reports Q2 sales decline, focuses on strategic growth initiatives

Macy's Q2 performance saw declines in net sales but emphasized strategic initiatives for revenue growth and agility in inventory management. Challenges in achieving profitability were acknowledged, but opportunities in cost savings and small-format stores were highlighted.

Macy's reports Q3 decline, highlights strengths and growth opportunities

Macy's Q3 2023 earnings call revealed a decline in net sales, with notable strengths in specific categories and a focus on growth opportunities through strategic initiatives. The company also addressed challenges and provided insights into its future outlook and leadership transition.

Macy's reports solid Q4 earnings, focuses on growth strategies

Macy's navigated challenges in Q3 and Q4, learning from gifting success and focusing on long-term growth drivers.
Strategic investments in private brands, off-mall stores, and marketplace expansion position Macy's for future success.
Despite macro pressures and consumer dynamics, Macy's remains committed to sustainable growth through margin expansion.
Digital capabilities and personalized pricing initiatives are key focus areas for Macy's to drive growth and enhance customer experience.

Macy's Q1 2024: Sales Challenges Amid Resilience and Growth Focus

Macy's Q1 2024 faced challenges from macro headwinds and consumer behavior shifts, impacting sales but showing resilience in certain categories.
Efforts to manage inventory, improve margins, and focus on growth vectors like private brands and omnichannel experiences are key strengths.
Opportunities in promotions, merchandise margins, and attracting younger customers through digital strategies are on the horizon.
Despite challenges, Macy's remains cautiously optimistic, prepared for market uncertainties, and focused on strategic growth initiatives.

Revenue

Cost of revenue

Gross profit

Operating expenses

SG&A

Other

Operating income

EBITDA

Net income

Earnings per share

Total assets

Current assets

Cash & equivalents

Receivables

Inventory

Non-current assets

Net PPE

Intangibles

Total liabilities

Current liabilities

Short term debt

Income tax payable

Non-current liabilities

Long-term debt

Total equity

Stockholders equity

Minority interest

Total liabilities & equity

Total debt

Net debt

Book value per share

Cash from operations

Funds from operations

Change in working capital

Cash from investing

Capital expenditure

Purchase/sale of investments

Purchase/sale of business

Other sources

Cash from financing

Change in stock

Change in debt

Cash dividends paid

Cash from other sources

Net change in cash

Free cash flow

Macy's, Inc. engages in the retail of apparel, accessories, cosmetics, home furnishings, and other consumer goods. The firm's brands include Macy's, Bloomingdale's, and Bluemercury. It offers men's, women's, and children's apparel, women's accessories, intimate apparel, shoes, cosmetics, fragrances, as well as home and miscellaneous products. The company was founded by Rowland H. Macy in 1858 and is headquartered in New York, NY.

The retailer also said it continues to engage with Arkhouse and Brigade Capital Management over their revised buyout proposal.

Macy's adds 2 new directors to board, ending fight with activist investors

Gap Inc

Nordstrom

Kohl's

Target

Store credit cards allow retailers to drive repeat purchases and make a cut of cash. Even before a new CFPB ruling, the revenue segment was under pressure.

Department stores face another squeeze. This time, in store credit card revenue

Macy's Inc (NYSE: M) is trending down at writing after announcing to have settled its proxy fight with Arkhouse Management. Here's what it means for $M The department store chain has agreed to add two new directors to its board.

Macy's just moved closer to going private: find out more

Investment firm Arkhouse Management ended its proxy contest against Macy's, and withdrew its seven other director candidates.

Macy's Names Two Arkhouse Nominees to Board

Macy's appointed two new independent directors to its board, prompting Arkhouse Management to withdraw its nominations though talks continue about a potential acquisition.

Macy's Appoints Two Arkhouse Candidates to Board, Reaches Settlement

Macy's on Wednesday named two new independent directors to its board effective immediately, ending a proxy contest with activist investor Arkhouse Management.

Macy's appoints two new directors; ends proxy contest with Arkhouse

Macy's settles proxy fight with activist Arkhouse, adds two directors

Macy's Inc. M, +0.72% said Wednesday it's adding two independent directors to its board with immediate effect following engagement with private-equity firm Arkhouse Management Co. LP and making other changes in a move that will end the latter's proxy contest. Arkhouse ignited the proxy battle in February after the department-store operator rejected a $5.8 billion takeover offer from the investment firm and Brigade Capital Management.

Macy's to add two Arkhouse nominees to board as firm ends its proxy contest

NEW YORK--(BUSINESS WIRE)--Arkhouse Management Co. LP (together with its affiliates, “Arkhouse”, “we” or “us”), which owns a significant stake in Macy's, Inc. (“Macy's” or the “Company”) (NYSE: M), today issued the following statement regarding its settlement with the Company, including the appointment of its director nominees Richard (Ric) Clark and Richard (Rick) L. Markee to the Board of Directors (the “Board”) of the Company and the Board's Finance Committee. The following is attributable t.

Arkhouse Issues Statement on Settlement with Macy's

NEW YORK--(BUSINESS WIRE)--Macy's, Inc. (NYSE: M) today announced the appointment of two new independent directors, Richard (Ric) Clark and Richard (Rick) L. Markee, to its Board of Directors (the “Board”), effective immediately. The appointments of Clark and Markee follow the Board's engagement with Arkhouse Management Co. LP (“Arkhouse”), resulting in the withdrawal of its director nominations. The Company is also implementing previously announced changes to its Board, effective immediately.

Macy's, Inc. Appoints Richard Clark and Richard L. Markee to Board of Directors

Investors need to pay close attention to Macy's (M) stock based on the movements in the options market lately.

Is the Options Market Predicting a Spike in Macy's (M) Stock?

Macy's closures of about 150 stores could put up to $2 billion in annual sales up for grabs for other retailers.

Macy's hasn't closed its stores yet. But Target, Kohl's CEOs already smell opportunity

Let's be frank. Department stores are a wonderful creation of the last century.

How Will Macy's Survive - A Sign Of Hard Times For Department Stores

SYNNEX

FREMONT, Calif. & CLEARWATER, Fla.--(BUSINESS WIRE)--TD SYNNEX (NYSE: SNX) today announced financial results for the fiscal first quarter ended February 29, 2024. Consolidated Financial Highlights for the Fiscal 2024 First Quarter:     Q1 FY24   Q1 FY23   Net Change from Q1 FY23 Revenue ($M)   $ 13,975.3     $ 15,125.4     (7.6 )% Non-GAAP gross billings ($M)(1)   $ 19,266.7     $ 20,202.2     (4.6 )% Gross profit ($M)   $ 1,005.8     $ 1,003.6     0.2 % Non-GAAP gross profit ($M)(1)   $ 1,005.

TD SYNNEX Reports Fiscal 2024 First Quarter Results; Announces New $2B Share Repurchase Authorization

The U.S. retail industry may be on the brink of a significant transformation as department store chains Nordstrom and Macy's consider a shift toward private-equity or hedge-fund ownership. These potential moves could have extensive implications for the retail sector, reshaping the landscape of the industry, Reuters reported Wednesday (March 20).

Macy's, Nordstrom Eye Private Ownership While Adapting to Retail Market

America's biggest publicly traded department store chains could be set for private-equity or hedge-funds ownership, dramatically changing the retail landscape in the United States.

Nordstrom, Macy's deals could put private ownership back in vogue for US retailers

Macy's Inc has agreed to open its books to Arkhouse and Brigade Capital, people familiar with the matter said, a potential breakthrough in the investment firms' $6.6 billion bid to take the U.S. department store operator private.

Exclusive: Macy's opens its books in company sale talks, sources say

NEW YORK--(BUSINESS WIRE)--Immersive gardens with blooming flowers and multi-sensory mise en scene will bloom at the 49th Macy's Flower Show featuring Christian Dior Parfums. In celebration of spring's arrival, the main floor, balcony, and iconic Broadway windows of Macy's world-famous flagship store in New York City Herald Square will transform into a breathtaking botanical experience from Sun., March 24, 2024, to Sun., April 7, 2024. The Macy's Flower Show is free and open to the public durin.

Spring Blossoms at the Macy's Flower Show ®

Not for release to US wire services or distribution in the United States ANNOUNCEMENT TO THE TORONTO STOCK EXCHANGE AND AUSTRALIAN SECURITIES EXCHANGE SUBIACO, WESTERN AUSTRALIA / ACCESSWIRE / March 18, 2024 / The Board of RTG Mining Inc. ("RTG", or the "Company") (TSX:RTG)(ASX:RTG) is pleased to provide a cost update for Stage 1 of the Mabilo Project in The Philippines. A review of the Stage 1 budget conducted by the site team in February 2024 has shown Capital Costs have not materially changed and remain below US$25M as quoted previously.

Mabilo Stage 1 Cost Update

Zedge

NEW YORK, NY / ACCESSWIRE / March 15, 2024 / Zedge, Inc. (NYSE AMERICAN:ZDGE), a leader in building digital marketplaces and friendly competitive games around content that people use to express themselves, today announced results for its second quarter of fiscal 2024, ended January 31, 2024. "I'm encouraged by the overall positive momentum we experienced during the second quarter as most of our businesses reported strong results," said Jonathan Reich, Zedge's chief executive officer.

Zedge Announces Second Quarter Fiscal 2024 Results

NEW YORK--(BUSINESS WIRE)--Macy's, Inc. (NYSE: M) today announced the nomination of Douglas W. Sesler, Founder and President of Fair Street Partners, to stand for election to the Company's Board of Directors (the “Board”) at the 2024 Annual Meeting of Shareholders (the “Annual Meeting”). Sesler is a seasoned real estate industry executive with more than 35 years of experience across real estate advisory, investing and finance. In 2021, he founded Fair Street Partners, a private real estate inve.

Macy's, Inc. Nominates Douglas W. Sesler for Election to Board of Directors

Dollar Tree

The market might be at an all-time high, but that doesn't mean that every stock out there is a buy. The reality is that it remains a stock pickers world and investors need to choose wisely to ensure that their portfolio grows and doesn't become swamped in a sea of red ink.

3 Stocks to Sell in March Before They Crash & Burn

An investor group seeking to buy the retailer might be willing to raise its bid after seeing the company's financials, according to its proxy filing.

Macy's Buyout Looks to Be Headed to Due Diligence Stage. What to Know.

Macy's investor Arkhouse Management said on Thursday the U.S. department store was in talks with the investment firm for opening its books for due diligence on the prospects of a higher offer.

Arkhouse, Macy's in talks for due diligence amid push for higher bid

The two sides took an important step towards allowing a potential deal to proceed, but a Macy's proxy fight will continue regardless

News for Macy's Stock (M)