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 Q4 2020

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Earnings data Q3 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.

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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.

POSITIVE PRE-FEASIBILITY STUDY AT THE DOROPO GOLD PROJECT Definitive feasibility study ("DFS") work underway assessing upside opportunities PERTH, AUSTRALIA / ACCESSWIRE / June 27, 2023 / Centamin ("Centamin" or "the Company") (LSE:CEY)(TSX:CEE) is pleased to provide the outcomes of the pre-feasibility study ("PFS") at its Doropo Gold Project ("Doropo") located in north-eastern Côte d'Ivoire, including maiden Mineral Reserves estimate, detailed project parameters and economics, with identified upside opportunities for evaluation during the definitive feasibility study ("DFS"). MARTIN HORGAN, CEO, commented: "The results from the Doropo PFS demonstrate an economically robust project that meets Centamin's hurdle rates to proceed with a definitive feasibility study.

Centamin PLC Announces Positive Doropo Gold Project Pre-feasibility Study

Macy's (M) has been witnessing higher SG&A costs for a while now. A tough macroeconomic landscape along with inflationary pressures remain deterrents.

Macy's (M) Grapples With Several Headwinds, Declines 25% YTD

Fireworks are loved by everyone, and Macy's creates the biggest spectacle above New York City.

Macy's Fourth Of July Celebration Creates A Spectacle Over New York City

Macy's, Inc. is still set to earn ~$3 per share this FY, yet the stock trades at recent lows. The department store retailer yields 4.2% without even paying an excessive dividend. The stock is cheap at 5x depressed FY23 EPS targets.

Macy's: Not So Dire

Deckers Outdoor

GOLETA, Calif. , June 13, 2023 /PRNewswire/ --  Teva ®, a division of Deckers Brands (NYSE: DECK), announces the launch of its collaboration with fashion architect, Misa Hylton.

Teva Unveils Misa Hylton Capsule Collection with Macy's

Zedge

NEW YORK, NY / ACCESSWIRE / June 12, 2023 / Zedge, Inc. (NYSE AMERICAN:ZDGE), a leader in building marketplaces and games around digital content that enable self-expression, today announced results for its third quarter fiscal year 2023, ended April 30, 2023. "We saw some encouraging signs across our business during the third quarter leading to positive cash flow and Adjusted EBITDA1," said Jonathan Reich, chief executive officer.

Zedge Announces Third Quarter Fiscal 2023 Results

Macy's, Inc. (NYSE:M) already had a Sell rating from analysts at UBS. Now, with the firm expecting worsening macro conditions, the firm is lowering its price target to $12 from $12.75.

Macy's still a Sell for UBS analysts as consumer spending likely to dry up

NIKE

Nike had severed ties with wholesalers as it carved out its direct-to-consumer strategy.

Here's Why Nike Is Changing Its Strategy With DSW and Macy's

Chemed

Fifth Third Bancorp

Procter & Gamble

The latest earnings season has come and gone.

Cincinnati Earnings Roundup: Part 1

ChargePoint Holdings

Denny's

In the last 18 months, many high-quality stocks took huge hits as investors waited for the recession that hasn't come and that, in my opinion, will not arrive any time soon. Given the huge pullbacks that these names underwent, there are plenty of affordable blue-chip stocks under $15 to buy.

3 Cheap Blue-Chip Stocks Under $15 to Buy Now

CALGARY, AB / ACCESSWIRE / June 6, 2023 / Southern Energy Corp. ("Southern" or the "Company") (TSXV:SOU) (AIM:SOUC)(OTCQX:SOUTF) announces the closing of its acquisition of the remaining producing acreage in the Gwinville Field (the "Assets") in Jefferson Davis County, Mississippi from PetroTX Energy, LLC for a cash purchase price of $3.2 million (the "Transaction") that was previously announced May 23, 2023. Ian Atkinson, President and CEO of Southern, commented: "We are very pleased to close this highly accretive acquisition.

Southern Energy Corp. Announces Closing of Synergistic Asset Acquisition to Consolidate the Gwinville Field and Restricted Share Award Grant

Macy's latest quarter was worse than what management was expecting.

Is Macy's an Excellent Stock to Buy Now?

Nike products will return to Macy's later this year after the athletic shoemaker and department store giant reached a fresh wholesale agreement.

Nike Inks Wholesale Deal With Macy's After Yearlong Breakup

Macy's stock is undervalued with a potential 50% upside after a 31.5% decline over the last three months. The company has improved cost efficiency, expanded its brands, and focused on personalized offers through technology. M's current valuation and dividend yield provide a strong margin of safety for investors, who can also consider selling cash-secured puts for a more conservative strategy.

A Conservative Strategy For Playing Macy's Already Low Valuation

Macy's reported net sales in their first quarter that were $5.0 billion, a 7% decline over last years $5.3 Billion.

Macy's First Quarter Sales And Earnings Has Boosters

Macy's cut its guidance as demand falls and seasonal inventory piles up. The retailer is still profitable, but it's hard to see much turnaround potential.

Macy's Slashes Guidance: Buy or Avoid?

Macy's (M) reports an earnings beat in first-quarter fiscal 2023. However, sales were soft due to a comparable sales decline of 7.9% on an owned basis.

Macy's (M) Q1 Earnings Beat Estimates, Comp Sales Decline

Earlier, PYMNTS reported that the summer of markdowns is here as Macy's (along with Dollar General) struggled with declining consumer demand. The retailer has now revised its annual sales and profit forecasts downward, citing a deceleration in demand caused by inflation as the primary factor.

Macy's Navigates Weak Consumer Demand, Continues Deep Discounts

Dollar General

The markdown of retail stocks Thursday (June 1) signals that the summer of markdowns is here. Macy's financial results and a host of announcements from other firms Thursday morning showed that inflation's pinch is indeed real.

Macy's and Dollar General Results Show Inflation's Bite Is Far-Reaching

Macy's, Inc. (NYSE:M ) Q1 2023 Earnings Conference Call June 1, 2023 8:00 AM ET Company Participants Pamela Quintiliano - VP, IR Jeff Gennette - Chairman and CEO Adrian Mitchell - COO and CFO Tony Spring - President and CEO-Elect Conference Call Participants Matthew Boss - JPMorgan Oliver Chen - TD Cowen Brooke Roach - Goldman Sachs Dana Telsey - Telsey Advisory Group Paul Lejuez - Citi Alex Straton - Morgan Stanley Chuck Grom - Gordon Haskett Jay Sole - UBS Operator Greetings, and welcome to the Macy's, Inc. First Quarter 2023 Earnings Call. [Operator Instructions] As a reminder, this conference is being recorded.

Macy's, Inc. (M) Q1 2023 Earnings Call Transcript

Macy's Inc. is bringing Nike products back to certain stores and e-commerce operations in the fall and will further scale the offering to additional locations in spring of 2024, Chief Executive Jeff Gennette told analysts on Thursday.

Nike is coming back to Macy's after being benched for the past year and a half

Target

Macy's, Dollar General slash outlooks on consumer spending weakness. Target fades further after downgrade.

Macy's, Dollar General Plunge On Results, Outlook; Target Falls After Downgrade

Shares of the discretionary offerings giant Macy's NYSE: M are sliding by as much as 15.2% in the pre-market hours of Thursday morning, as the company released its first quarter 2023 earnings results, culminating in a breakout of investor concerns over what was shown. Despite the company being an entrenched brand in the American consumer arsenal of shopping choices and carrying a diversity of tiers and products via Bloomingdale's, Bluemercury, and others, the forces of a broader industry cycle bypassed any moat that the business was able to put up.

Macy's Stock Earnings, A Pivotal Story

Macy's, Inc. (NYSE:M) has delivered first-quarter earnings that beat expectations but warned of weakening demand in its discretionary categories, sending its shares lower in pre-market trading.  The department store operator reported a 7% decline in 1Q net sales to $5 billion from a year earlier, with physical store sales decreasing 7% and digital sales falling 8%.

Macy's stock looks set to slide as weaker outlook tempers earnings beat

Macy's (M) came out with quarterly earnings of $0.56 per share, beating the Zacks Consensus Estimate of $0.46 per share. This compares to earnings of $1.08 per share a year ago.

News for Macy's Stock (M)