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.

The iconic retailer doesn't have any of the inventory problems plaguing other brick-and-mortar businesses.

Is Macy's an Excellent Dividend Stock to Buy Right Now?

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It is no surprise that the combined weight of elevated inflation, rising interest rates and uncertainty about the economy have forced consumers to change their spending behavior.

Breaking Down Retail Earnings That Highlight Slowing Consumer Spending

The 1947 film “Miracle on 34th Street” tells the story of a child affected by a Macy's Christmas Santa Claus.

Macy's Miracle on 34th Street

Kohl's

Business for Macy's and Kohl's (as well as other retailers) slackened at the end of October and into November.

Macy's And Kohl's Report 3rd Quarter 2022 Earnings

S&P Global Ratings upgraded its rating on Macy's Inc. M, +15.02% to BB-plus from BB, and said the department store chain continues to deliver solid operating results and deleverage despite the challenging environment for the retail sector. The new rating is just one notch below investment grade and the outlook is stable.

S&P Global Ratings upgrades Macy's to BB-plus after solid operating results for Q3

Taking a quick look at the facts, Macy's reported quarterly net sales of $5.2 billion, down 3.9% year over year and up an anemic 1.1% versus the third quarter of 2019 (right before they announced their Polaris Strategy).

Despite Wall Street's Ebullience, Macy's Turnaround Strategy Continues To Go Nowhere.

The long established retail store and New York favorite sells apparel, accessories, cosmetics, home furnishings and other consumer goods. The post Do Macy's' Strong Sales And Outlook Make It The Perfect Holiday Stock?

Do Macy's' Strong Sales And Outlook Make It The Perfect Holiday Stock?  Is Macy's Stock A Buy?

After navigating unprecedented challenges for the consumer economy, iconic department store Macy's (NYSE: M ) surged in Thursday trading. Not only did the company post a strong beat for the third quarter, but it also raised its earnings outlook for the full year, sending M stock up 11% before it extended gains in the afternoon hours.

Macy's (M) Stock Jumps 11% on Raised Earnings Outlook

The stock offers a tempting dividend yield, but weak sales growth could limit upside in 2023.

Why Macy's Stock Jumped on Thursday

Macy's Inc. stock soared 12% Thursday after the department-store chain's earnings fell from a year ago but still managed to beat consensus estimates and after the company raised its full-year profit guidance.

Macy's gets boost from demand for work clothes, dresses and luggage as pandemic trends fade

Macy's Inc. (NYSE:M ) Q3 2022 Results Conference Call November 17, 2022 8:00 AM ET Company Participants Pam Quintiliano - Head of IR Jeff Gennette - CEO Adrian Mitchell - CFO Conference Call Participants Chuck Grom - Gordon Heska Matthew Boss - JPMorgan Omar Saad - Evercore Partners Oliver Chen - Cowen and Company Ashley Helgans - Jefferies Kimberly Greenberger - Morgan Stanley Dana Telsey - Telsey Group Bob Drbul - Guggenheim Securities Gaby Carbone - Deutsche Bank Tracy Kogan - Citigroup Operator Good day, and welcome to Macy's Inc Q3 2022 Earnings Call. Today's call is being recorded.

Macy's Inc. (M) Q3 2022 Earnings Call Transcript

Middle-income shoppers have tightened their spending on clothing and home furnishings. That's squeezing Macy's, Kohl's, Target and other chains.

Shoppers are pulling back at Macy's and Kohl's

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Macy's reports fiscal third-quarter adjusted earnings of 52 cents a share on revenue of $5.23 billion, topping analysts' estimates.

Macy's Surges After Raising Guidance

Shares of Macy's Inc (NYSE: M) are up nearly 15% this morning after the retailer reported market-beating results for its fiscal third quarter and raised its earnings guidance for the full year.

‘Macy's should do very well over the holiday season': Analyst

Macy's Inc (NYSE:M) stock is surging, up 8.1% at $21.30 at last glance.

Macy's Stock Surges After Beat-and-Raise

Macy's spiked around 8% early Thursday on earnings while Kohl's popped nearly 2% The post Retail Stocks Macy's, Kohl's Active As Black Friday Looms appeared first on Investor's Business Daily.

Retail Stocks Macy's, Kohl's Active As Black Friday Looms

Macy's (M) delivered earnings and revenue surprises of 173.68% and 1.06%, respectively, for the quarter ended October 2022. Do the numbers hold clues to what lies ahead for the stock?

Macy's (M) Tops Q3 Earnings and Revenue Estimates

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2 Thriving Retail Stocks in Thursday's Down Market

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The three major U.S. equity indexes closed lower Wednesday. The Dow Jones industrials ended the day down 0.12%, the S&P 500 closed 0.83% lower and the Nasdaq retreated 1.54%.

5 Thursday Movers: Bath & Body Works, Cisco, Macy's, Nvidia, Silvergate Capital

The department store chain ramped up promotions in an effort to reduce inventory ahead of the holiday season.

Macy's Sales Drop 3.9% Amid Higher Promotions

Macy's Stock Surges on Profit Beat and Guidance Boost

Macy's Inc. stock M, -8.07% soared 7% in premarket trade Thursday, after the department store chain beat consensus estimates for the third quarter and raised its full-year profit guidance. The operator of Macy's, Bloomingdales and Bluemercury stores posted net income of $108 million, or 39 cents a share, for the quarter, down from $239 million or 76 cents a share, in the year-earlier period.

Macy's stock soars 7% premarket after earnings beat as company raises full-year EPS guidance

Macy's on Thursday raised its earnings forecast for the year after its third-quarter results topped Wall Street expectations.

Macy's raises its earnings outlook after results top expectations

NEW YORK--( BUSINESS WIRE )--Macy's, Inc. (NYSE: M) today reported financial results for the third quarter of 2022 and updated its annual guidance.

News for Macy's Stock (M)