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.

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

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.

Macy's (M) Q1 Earnings and Revenues Beat Estimates

Kohl's

Without radical action the collapse of the unremarkable middle will continue. A timid transformation will not save Macy's and Kohl's from a slow slide into oblivion.

Macy's And Kohl's Keep Running To Stand Still

Net sales and profit fell in the quarter ended April 29 as demand slowed for apparel and accessories.

Macy's Cuts Full-Year Sales, Profit Outlook

Costco

Macy's, Costco and other big chains say shoppers are pulling back at their stores and changing what they buy. That could be a red flag for the US economy.

Macy's and Costco sound a warning about the economy

Macy's lowered its full-year earnings and revenue guidance.

Macy's Lowers Guidance As Consumers Feel Pinched. The Stock Falls.

Macy's Inc.'s stock M slid 9% in premarket trade Thursday, after the department store chain posted weaker-than-expected fiscal first-quarter sales and cut its full-year guidance to reflect a challenged consumer. The New York-based company posted net income of $155 million, or 56 cents a share, for the quarter to April 29, down from $286 million, or 98 cents a share, in the year-earlier period.

Macy's stock slides 9% amid sales miss and lowered guidance as consumer remains challenged

Macy's shares fell on Thursday, as the retailer slashed its full-year outlook and said it saw sales significantly weaken in late March.

Macy's slashes its full-year outlook even as earnings beat

NEW YORK--(BUSINESS WIRE)--Macy's, Inc. Reports First Quarter 2023 Results.

Macy's, Inc. Reports First Quarter 2023 Results

Macy's Inc  (NYSE:M) will join its  retail sector peers in the earnings confessional later this week, with its first-quarter earnings report due before the open on Thursday, June 1.

Macy's Stock Hits 2-Year Low Before Earnings

Bilibili

In mid-morning trading on Tuesday, the Dow Jones industrials were down 0.36%, the S&P 500 up 0.17% and the Nasdaq up 0.68%.

Earnings Previews: Bilibili, Dollar General, Macy's

Macy's is likely to outperform many of its retail peers this year due to its tight inventory management and exposure to higher-income consumers. By dramatically reducing its debt since 2016, Macy's has virtually eliminated the risk that a recession would put it into financial distress.

News for Macy's Stock (M)