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.

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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.

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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.

Macy's CEO Tony Spring provided a fresh update on the rogue employee who hid $151 million in delivery expenses since 2021 and disclosed the individual is no longer with the company.

Macy's gives update on employee who hid $151M

While the top- and bottom-line numbers for Macy's (M) give a sense of how the business performed in the quarter ended October 2024, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.

Macy's (M) Q3 Earnings: Taking a Look at Key Metrics Versus Estimates

According to the Wall Street Journal, the employee told investigators about having mistakenly understated the amount of small parcel delivery expenses in late 2021, citing a source briefed on the probe.

Macy's rogue employee hid $151M in expenses to cover up mistake, wasn't motivated by personal gain: report

Macy's (M) shares fell Wednesday morning after the company posted its delayed third-quarter earnings report and shifted its full-year outlook to adjust for the completed investigation into the accounting error that led to the report being delayed.

Macy's Stock Tumbles on Lower Sales, Resolved Accounting Probe

Macy's Inc (NYSE: M) raised its sales guidance for the full year on Wednesday. Shares of the department store chain are still down about 10% in premarket.

Macy's stock slides despite raised outlook: what are investors concerned about?

Macy's (M) came out with quarterly earnings of $0.04 per share, missing the Zacks Consensus Estimate of $0.07 per share. This compares to earnings of $0.21 per share a year ago.

Macy's (M) Lags Q3 Earnings Estimates

Macy's, Inc. M will release its third-quarter financial results, before the opening bell, on Wednesday, Dec. 11.

Macy's Gears Up For Q3 Print; Here Are The Recent Forecast Changes From Wall Street's Most Accurate Analysts

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U.S. stock futures were mixed this morning, with the Nasdaq futures gaining around 50 points on Wednesday.

Macy's, Dave & Buster's, Bausch + Lomb And Other Big Stocks Moving Lower In Wednesday's Pre-Market Session

Macy's has completed its investigation into accounting problems and found that a single employee's mistake and coverup created $151 million in false bookkeeping entries.

Macy's Probe Found Employee Acted Alone in $151 Million Accounting Scandal

On Wednesday, Macy's Inc M reported third-quarter sales of $4.74 billion, beating the consensus of $4.72 billion.

Macy's Lowers Annual Profit Forecast Amid Accounting Misstep, Stock Tumbles

Macy's cut its full-year earnings outlook, after making adjustments to reflect the impact of misstated delivery expenses.

Macy's stock sinks as profit outlook cut due to delivery-expense misstatements

Macy's on Wednesday cut its annual profit forecast, as it struggles with increased promotions during the holiday shopping season amid weak demand at its eponymous stores, sending the shares of the department store chain down 7% before the bell.

Macy's cuts adjusted profit forecast, shares fall 7%

Macy's ends delivery expense investigation, saying employee hid $151 million

NEW YORK--(BUSINESS WIRE)--Macy's, Inc. Reports Third Quarter 2024 Results.

Macy's, Inc. Reports Third Quarter 2024 Results

In an era where department stores are losing their relevance, Macy's — once a retail giant — finds itself at a crossroads. The 166-year-old company, which has long been a staple in the U.S.

Macy's Struggles and Its Bold New Chapter: Can the Iconic Retailer Make a Comeback?

NEW YORK, NY / ACCESSWIRE / December 10, 2024 / Levi & Korsinsky notifies investors that it has commenced an investigation of Macy's, Inc. ("Macy's, Inc.") (NYSE:M) concerning possible violations of federal securities laws. Macy's issued a press release on November 25, 2024, announcing its preliminary third-quarter 2024 results.

Levi & Korsinsky Reminds Macy's, Inc. Investors of the Ongoing Investigation into Potential Violations of Securities Laws - M

NEW YORK , Dec. 10, 2024 /PRNewswire/ --  Why: Rosen Law Firm, a global investor rights law firm, announces an investigation of potential securities claims on behalf of shareholders of Macy's, Inc. (NYSE: M) resulting from allegations that Macy's may have issued materially misleading business information to the investing public. So What: If you purchased Macy's securities you may be entitled to compensation without payment of any out of pocket fees or costs through a contingency fee arrangement.

Rosen Law Firm Encourages Macy's, Inc. Investors to Inquire About Securities Class Action Investigation - M

Macy's faces calls from a pair of activist investors to make a slew of changes at the department store chain. The activist investors are Barington Capital Group and Thor Equities.

Macy's activist investors want the retailer to make significant changes

Wall Street expects Macy's Inc M to report a loss of one cent per share and $4.72 billion in revenues when the retailer reports third-quarter earnings on Wednesday before market hours.

Macy's Q3 Earnings Loom: Can Bullish Momentum Break 200-Day Resistance?

Macy's (M) has an impressive earnings surprise history and currently possesses the right combination of the two key ingredients for a likely beat in its next quarterly report.

Will Macy's (M) Beat Estimates Again in Its Next Earnings Report?

Macy's, Inc. Investigated Regarding Potential Securities Law Violations - Contact Levi & Korsinsky for Details - M

NEW YORK CITY, NY / ACCESSWIRE / December 10, 2024 / Bronstein, Gewirtz & Grossman, LLC is investigating potential claims on behalf of purchasers of Macy's, Inc. ("Macy's" or "the Company") (NYSE:M). Investors who purchased Macy's securities are encouraged to obtain additional information and assist the investigation by visiting the firm's site: bgandg.com/M.

Bronstein, Gewirtz & Grossman, LLC Announces an Investigation Against Macy's, Inc. (M) and Encourages Shareholders to Learn More About the Investigation

Activist investor Barington Capital Group is calling on department store retailer Macy's to develop an internal real estate subsidiary, reduce capital expenditures, and explore strategic options for its Bloomingdale's and Bluemercury chains among other changes to boost its slumping stock, according to its proposal made public Monday.

Activist investors want Macy's to create a real estate unit

The newest arrivals at Macy's have a fresh idea and some tired ones.

Macy's Bargain Shares Tempt Activists Again

NEW YORK--(BUSINESS WIRE)--Macy's, Inc. (NYSE: M) will report its third quarter 2024 sales and earnings results on Wednesday, December 11, 2024. The company will host a call and webcast with financial analysts and investors at 8:00 a.m. EST. The call will be hosted by Macy's, Inc.'s Chairman and Chief Executive Officer Tony Spring and Chief Operating Officer and Chief Financial Officer Adrian Mitchell. The general public and the media will be able to access the live webcast and associated prese.

News for Macy's Stock (M)