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 stock is lower Monday after the retailer said it delayed its third-quarter results after finding a major accounting error linked to a single employee. Here's what you need to know.

Macy's Delays Quarterly Report After Discovering Employee Hid Up to $154 Million in Delivery Expenses

Macy's delayed its Q3 earnings release, revealing an internal investigation into an employee who allegedly hid hundreds of millions of dollars in expenses.

Stock Of The Day: Macy's Hits Resistance Following Accounting Scandal

Macy's has delayed its earnings call after discovering a multimillion-dollar “intentional” employee accounting error. That employee, the retailer said in a securities filing Monday (Nov. 25) had hidden at least $132 million in delivery expenses over a nearly three-year period.

Macy's Employee Accused of Concealing $132 Million in Delivery Costs

Macy's (M) shares moved lower Monday morning after the retailer said its official third-quarter results would be delayed so that an independent investigation into an accounting issue can be completed.

Macy's Stock Slips After Error Leads to Q3 Earnings Delay

Macy's Inc (NYSE: M) no longer expects to report its third-quarter financial results on November 26th. The department-store chain cited “erroneous accounting accrual entries” as it delayed the earnings release on Monday.

Why Macy's delayed its Q3 earnings release

Macy's identified a single employee who made “erroneous” accounting entries to hide up to $154 million in delivery expenses during a three-year period.

Macy's finds ‘erroneous' accounting entries, leading to delay of earnings report

Macy's, Inc. (Macy's, Inc. (NYSE:M)) said its third-quarter earnings release will be delayed after an employee was found to have hidden more than $132mn of delivery expenses since late 2021. The retailer was due to report its results on Tuesday, but during the preparation of the numbers it "identified an issue related to delivery expenses" and initiated an investigation.

Macy's delays earnings after finding $132M-plus fraud by employee

Macy's delays its full third-quarter earnings release to complete an independent investigation.

Macy's to Delay Third-Quarter Earnings Because Employee Hid Expenses. The Stock Falls.

Macy's posted preliminary third-quarter results but delayed its full earnings report as it investigates an accounting issue. The company said it discovered erroneous reporting of delivery expenses from one employee.

Macy's says quarterly sales dropped, delays full earnings release due to accounting issue

Macy's on Monday delayed publication of its third-quarter results after discovering an accounting issue related to delivery expenses and instead reported preliminary results in which its sales missed Wall Street expectations.

Macy's delays Q3 report on accounting issue, sales misses in preliminary results

NEW YORK--(BUSINESS WIRE)--Macy's, Inc. (NYSE: M) today reported preliminary financial results for the third quarter of 2024. Preliminary Third Quarter Highlights Macy's First 50 locations delivered third consecutive quarter of comparable sales growth, up 1.9%. Bloomingdale's reported comparable sales growth of owned and owned-plus-licensed-plus-marketplace up 1.0% and 3.2%, respectively. Bluemercury reported comparable sales growth of 3.3%. Asset sale gains of $66 million were ahead of expecta.

Macy's, Inc. Reports Preliminary Third Quarter 2024 Results

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Macy's, other big retailers hike store-branded credit card rates as holidays ramp up

Beyond analysts' top -and-bottom-line estimates for Macy's (M), evaluate projections for some of its key metrics to gain a better insight into how the business might have performed for the quarter ended October 2024.

Macy's (M) Q3 Earnings Preview: What You Should Know Beyond the Headline Estimates

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Macy's (M) closed the most recent trading day at $15.26, moving -1.48% from the previous trading session.

Macy's (M) Stock Dips While Market Gains: Key Facts

In the most recent trading session, Macy's (M) closed at $15.08, indicating a -1.69% shift from the previous trading day.

Macy's (M) Falls More Steeply Than Broader Market: What Investors Need to Know

The retailer is putting fewer styles on shelves and using technology to get shoes out of the stockroom faster.

Buying Shoes at Macy's Isn't Fun. Its New CEO Is Trying to Change That.

NEW YORK--(BUSINESS WIRE)--Macy's, Inc. to Report Third Quarter 2024 Results on November 26, 2024.

Macy's, Inc. to Report Third Quarter 2024 Results on November 26, 2024

In the most recent trading session, Macy's (M) closed at $15.27, indicating a -0.46% shift from the previous trading day.

Macy's (M) Stock Drops Despite Market Gains: Important Facts to Note

DUBLIN--(BUSINESS WIRE)--Avolon, a leading global aviation finance company, announces results for the third quarter (‘Q3') of 2024. 2024 THIRD QUARTER | FINANCIAL HIGHLIGHTS Income Statement (US$M) Q3 2024 Q3 2023 $ CHANGE % CHANGE Lease revenue 677 588 89 +15% Operating cashflow 536 626 (90) (14%) EBITDA 645 597 48 +8% Net income 120 97 23 +24% Balance Sheet (US$M) Q3 2024 FY 2023 $ CHANGE % CHANGE Total available liquidity 9,072 7,228 1,844 +26% Total assets 31,587 30,513 1,074 +4% Unsecured.

Q3 Net Income up 24% to US$120 Million and Lease Revenue up 15% to US$677 Million

Bloomingdale's announces a holiday partnership with Universal Pictures' new cinematic event, Wicked; with immersive activations, exclusive products including an AQUA collaboration, and their annual 59th Street window unveiling. NEW YORK , Oct. 29, 2024 /PRNewswire/ -- Bloomingdale's announces its Wicked Good Holiday campaign in partnership with Universal Pictures' spectacular new cinematic event, Wicked, the untold story of the witches of Oz.

BLOOMINGDALE'S LAUNCHES A WICKED GOOD HOLIDAY

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Fourth quarter total revenue growth of 14% Fourth quarter Zedge Marketplace subscription revenue grew 31% Fourth quarter Zedge Marketplace ARPMAU1 increased 43% NEW YORK, NY / ACCESSWIRE / October 29, 2024 / Zedge, Inc. (NYSE AMERICAN:ZDGE), a leader in digital marketplaces and interactive games that provides content, enables creativity, empowers self-expression and facilitates community, today announced results for its fourth quarter and full year fiscal 2024, ended July 31, 2024. Jonathan Reich, Zedge's CEO, commented, "We concluded the year with strong momentum, achieving 14% overall company revenue growth in the fourth quarter, including impressive Zedge Marketplace subscription revenue growth of 31%, Zedge Premium Gross Transaction Value (GTV)1 growth of 56% and ARPMAU growth of 43%.

Zedge Announces Fourth Quarter and Full Year Fiscal 2024 Results

Macy's (M) concluded the recent trading session at $15.51, signifying a +0.78% move from its prior day's close.

Macy's (M) Outperforms Broader Market: What You Need to Know

NEW YORK--(BUSINESS WIRE)--Macy's, Inc. Board of Directors Declares Quarterly Dividend.

News for Macy's Stock (M)