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

Earnings data Q1 2021

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Earnings data Q3 2023

Earnings data Q4 2023

Earnings data Q1 2024

Earnings data Q2 2024

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.

Economic pressures are driving shoppers to scrutinize their discretionary spending more carefully, according to Macy's, with even high-income customers showing increased selectivity in their purchases of luxury items.

Macy's: Even Luxury Shoppers Are Making ‘Thoughtful' Choices About Spending

Macy's (M) Q1 results reflect a y/y decline in comparable sales. However, the company focuses on strategic investments and transitions aimed at long-term growth.

Macy's (M) Q1 Earnings Beat Estimates, Comps Decline Y/Y

Macy's, Inc. (NYSE:M ) Q1 2024 Earnings Call Transcript May 21, 2024 8:00 AM ET Company Participants Pamela Quintiliano - VP of IR Tony Spring - Chairman and CEO Adrian Mitchell - COO and CFO Conference Call Participants Matthew Boss - JPMorgan Chase Warren Cheng - Evercore ISI Ashley Helgans - Jefferies Tracy Kogan - Citi Dana Telsey - Telsey Advisory Group Chuck Grom - Gordon Haskett Oliver Chen - TD Cowen Brooke Roach - Goldman Sachs Bob Drbul - Guggenheim Partners Operator Greetings and welcome to the Macy's Inc. First Quarter 2024 Earnings Call. At this time, all participants are in a listen-only mode.

Macy's, Inc. (M) Q1 2024 Earnings Call Transcript

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Macy's, Inc. (NYSE:M) reported better-than-expected earnings for the first quarter which saw the department store operator raise its full year outlook.   It reported adjusted earnings per share (EPS) of $0.27, down from $0.56 in the year-ago quarter but ahead of Wall Street estimates of $0.18.

Macy's raises full year outlook as Q1 earnings top estimates

An embolden Tony Spring, Chairman and CEO of Macy's, clearly defined the future by indicating that he was encouraged by the consumer's response to Macy's bold New Chapter strategy. In the first quarter it resulted in results near the high-end of expectation.

Macy's Sees Upturn In Fiscal 2024

The headline numbers for Macy's (M) give insight into how the company performed in the quarter ended April 2024, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.

Compared to Estimates, Macy's (M) Q1 Earnings: A Look at Key Metrics

Shares of the iconic retailer Macy's (M) rose in intraday trading Tuesday after the release of a first-quarter earnings report that indicated the company's turnaround plan including store closures and cutting jobs is proving to be beneficial so far.

Macy's Stock Rises as Q1 Results Fall Less Than Expected

Macy's Inc (NYSE: M) had an “encouraging quarter” even though its sales declined another 2.7% on a year-over-year basis, says Bob Drbul – a Guggenheim Securities analyst.

Macy's is ‘off to a good start' despite quarterly sales decline – analyst says

Retail concern Macy's Inc (NYSE:M) stepped into the earnings confessional this morning, where it reported better-then-expected first-quarter earnings and raised its full-year guidance.

Macy's Stock Pops After Beat-and-Raise

Macy's (M) came out with quarterly earnings of $0.27 per share, beating the Zacks Consensus Estimate of $0.18 per share. This compares to earnings of $0.56 per share a year ago.

Macy's (M) Surpasses Q1 Earnings and Revenue Estimates

Shares of Macy's Inc. M rallied 2.4% in premarket trading Tuesday, after the department store chain reported fiscal first-quarter results that beat expectations and nudged up its full-year outlook. Net income for the quarter to May 4 declined to $62 million, or 22 cents a share, from $155 million, or 56 cents a share, in the same period a year ago.

Macy's stock climbs after results beat expectations and full-year outlook was raised

Macy's posted a bigger-than-expected drop in first-quarter sales on Tuesday, hobbled by stiff competition from off-price retailers for shoppers increasingly cautious about spending on products such as apparel and footwear.

Macy's posts bigger-than-expected quarterly sales drop on sluggish demand

Macy's beat earnings estimates as the department store operator moves to close about 150 namesake locations and open new Bloomingdale's and Bluemercury stores.

Macy's beats earnings estimates, as turnaround plan shows early progress

NEW YORK--(BUSINESS WIRE)--Macy's, Inc. Reports First Quarter 2024 Results.

Macy's, Inc. Reports First Quarter 2024 Results

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Nordstrom

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Baby Boomers make up a sizeable chunk of the retailers' shoppers and investors aren't convinced that Gen Z and Millennials will age into shopping at the stores.

As their customers age, Macy's, Kohl's and Nordstrom are chasing younger shoppers

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Looking beyond Wall Street's top -and-bottom-line estimate forecasts for Macy's (M), delve into some of its key metrics to gain a deeper insight into the company's potential performance for the quarter ended April 2024.

Curious about Macy's (M) Q1 Performance? Explore Wall Street Estimates for Key Metrics

VANCOUVER, BC / ACCESSWIRE / May 15, 2024 / Alta Copper Corp. (TSX:ATCU)(OTCQX:ATCUF)(BVL:ATCU) ("Alta Copper" or "the Company") is pleased to announce attractive economics results from the 2024 Optimized Preliminary Economic Assessment ("2024 PEA") at its 100% owned Cañariaco Project ("Cañariaco" or the "Project"), a world class porphyry copper project, located 700 km northwest of Lima. The 2024 PEA has been prepared by Ausenco Engineering Canada ULC ("Ausenco"), AGP Mining Consultants Inc. ("AGP") and Whittle Consulting Pty.

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Macy's (M) possesses the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

Macy's (M) Expected to Beat Earnings Estimates: What to Know Ahead of Q1 Release

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Laser Photonics Announces First Quarter 2024 Results

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NEW YORK--(BUSINESS WIRE)--Macy's, Inc. (NYSE: M) will report its first quarter 2024 sales and earnings results on Tuesday, May 21, 2024. The company will host a call and webcast with financial analysts and investors at 8:00 a.m. EDT. The call will be hosted by Macy's, Inc.'s Chairman and Chief Executive Officer Tony Spring and Chief Operating Officer and Chief Financial Officer Adrian Mitchell. The general public and the media will be able to access the live webcast and associated presentation.

Macy's, Inc. to Report First Quarter 2024 Results on May 21, 2024

DUBLIN--(BUSINESS WIRE)--Avolon, a leading global aviation finance company, announces results for the first quarter (‘Q1') of 2024. 2024 FIRST QUARTER | FINANCIAL HIGHLIGHTS Income Statement (US$M)   Q1 2024   Q1 2023   $ CHANGE   % CHANGE Lease revenue   621   599   22   +4% Operating cashflow   337   310   27   +9% EBITDA   606   580   26   +5% Net income   107   56   51   +91% Balance Sheet (US$M)   Q1 2024   FY 2023   $ Change   % Change Total available liquidity   6,647   7,228   (581)   (.

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