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.

Shares of Macy's Inc (NYSE:M), one of our top stock picks for 2023, are 1.4% lower this afternoon at $16.11.

Macy's Stock Sports Intriguing Entry Point

Macy's faces challenges with declining sales and market share due to changing consumer behavior and economic uncertainties. The company possesses valuable real estate assets that could act as a safety net during tough economic times. Nevertheless, Macy's strong balance sheet, low debt levels, and low valuation indicate that the market may have already factored in its challenges.

Macy's: Declining Sales A Concern But Not Worth Selling The Stock Over

Q2 2023 Activities Update LONDON, UK / ACCESSWIRE / July 31, 2023 / Trident Royalties Plc ("Trident" or the "Company")(AIM:TRR)(OTCQX:TDTRF), the diversified mining royalty company, is pleased to provide an update on its activities during the quarter ended 30 June 2023. HIGHLIGHTS Quarterly receipts of US$2.34 million from exposure to gold, copper, and iron ore.

Trident Royalties PLC Announces Q2 2023 Activities Update

Macy's, Inc. (NYSE:M) earnings are likely to face pressure from consumers shifting to online pureplay channels, analysts at UBS believe. That could lead the US retailer to disappoint when it comes to its earnings in 2023 and longer-term, according to the analysts.

Macy's under pressure as consumers shift to online channels, analysts warn

DUBLIN--(BUSINESS WIRE)--Avolon, the international aircraft leasing company, announces results for the second quarter (Q2) of 2023. 2023 SECOND QUARTER | FINANCIAL HIGHLIGHTS INCOME STATEMENT (US$M) Q2 2023 Q2 2022 CHANGE CHANGE% Lease Revenue 613 539 74 +14% Operating Cashflow 371 305 66 +22% Net Income 76 8 68 9x EBITDA 578 486 92 +19% BALANCE SHEET (US$M) Q2 2023 FY 2022 CHANGE CHANGE% Total Available Liquidity (incl contracted sales)  7,263 5,567 1,696 +30% Total Assets 29,985 30,796 (811).

2023 Second Quarter Results

Macy's plans to launch private brands, make over some existing brands and ditch others in the coming years.

As Macy's stock struggles, the retailer bets on private brands with more modern looks

The department-store chain tackles the problem of inconsistent sizing with new private-label brand, On 34th.

Macy's Launches New Brand Promising Better-Fitting Clothes

NEW YORK--(BUSINESS WIRE)--Macy's introduces its new private brand, On 34th, a women's apparel and accessories collection of classics made for modern life. Designed for women, by women, the collection features wardrobe staples like the perfect pant and special pieces like the sequin skirt, to make her smile with enough “wow” to inspire women to escape the ordinary and run their world. On 34th is the first new brand unveiled as part of the company's reimagined customer-centric private brands por.

Macy's Unveils On 34th as Part of its Reimagined Brand Portfolio

Macy's Wants Your Size 8 Dress to Fit Like One

Dick's Sporting Goods

Kroger

Lululemon Athletica

NIKE

Ulta Beauty

Walmart

Investing in the best retail stocks can be an enticing prospect, but it's imperative to tread with caution. Shoppers have fueled much of the retail sales growth we've seen by spending more on gasoline and other essential goods, a silver lining against the backdrop of spiraling inflation.

Why These 7 Stocks Are the Best Ways to Play Retail Right Now

Triple Flag Precious Metals Corp

TORONTO--(BUSINESS WIRE)--Triple Flag Precious Metals Corp. (with its subsidiaries, “Triple Flag” or the “Company”) (TSX: TFPM, NYSE: TFPM) announced record revenue of US$52.6 million for the second quarter of 2023, translating to record metal sales of 26,616 gold equivalent ounces1 (“GEOs”). All dollar amounts are expressed in US dollars. Preliminary Q2 2023 Sales and Revenue GEOs Sold and Revenue by Commodity2   Q2 2023   Q2 2022   GEOs Sold   Revenue (US$M)   GEOs Sold   Revenue (US$M) Gold.

Triple Flag Announces Record Metals Sales for Q2 2023 and Results Release Date

Macy's is facing headwinds from multiple directions, and it revised its full-year outlook downward after the first quarter. It has taken many actions to improve its condition, but its business model feels irrelevant in today's retail market.

Why Macy's Stock Plummeted 22% in the First Half of 2023

AbbVie

Aehr Test Systems

ASML Hld

MongoDB

Waste Management

Back in March, with the second quarter approaching, we reassessed the stock market trends of the first quarter and took a few swings as to what could happen in the next three months. Some were spot on – Big Tech continued its blistering pace – while others –airline stocks falling flat -- were big whiffs. With the six month mark upon us, it's time to reset market expectations again, once more with a tech lens, but this time with a highlight on a 2023 top pick that broke out of its shell.

Just How Hot Have These Tech Stocks Been?

This dividend stock took the opportunity to right-size operations during the pandemic.

1 Dividend Stock Down 57% You'll Regret Not Buying on the Dip

SYNNEX

FREMONT, Calif. & CLEARWATER, Fla.--(BUSINESS WIRE)--TD SYNNEX (NYSE: SNX) today announced financial results for the fiscal second quarter ended May 31, 2023. Consolidated Financial Highlights for the Fiscal 2023 Second Quarter: (Amounts may not add or compute due to rounding)       Q2 FY23   Q2 FY22   Net Change from Q2 FY22 Revenue ($M)   $ 14,062.1     $ 15,269.8     (7.9 )% Non-GAAP gross billings ($M)(1)   $ 18,715.9     $ 19,684.5     (4.9 )% Operating income ($M)   $ 252.9     $ 252.7  .

TD SYNNEX Reports Fiscal 2023 Second Quarter Results

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 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.

News for Macy's Stock (M)