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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Earnings data Q1 2024

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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.

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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, Inc. M holds a prominent position in the U.S. retail sector, operating a diverse portfolio of department stores under the renowned banners of Macy's, Bloomingdale's, and Bluemercury. With a 156-year history in the American retail landscape, Macy's, Inc. continues to adapt and evolve in a changing consumer discretionary environment.

Macy's Exhibits Resilience in a Demanding Retail Environment

Macy's (M) adjusts its outlook due to lower sales and a cautious consumer environment. However, it continues to focus on modernization and strategic investments.

Post Macy's (M) Q2 Earnings: Should You Buy, Hold or Sell the Stock?

The veteran retailer posted an estimate-topping second quarter. That wasn't the whole story, however.

Why Macy's Stock Plummeted by Nearly 10% This Week

Macy's, Inc. management may regret not accepting a buyout offer, as shares trade over 35% below the offer value. The company's Q2 results show mixed performance with revenue decline, credit card revenue risks, and weaker consumer outlook leading to lowered guidance. Despite a turnaround plan and potential acquisition interest, challenges in the retail sector and declining earnings lead to a sell rating for Macy's shares.

Macy's Q2 Results: Weak Sales And Credit Card Risks Spell Trouble

The future of Macy's continues to evolve into a story of haves and have-nots.

The list of Macy's stores marked for closure in 2024 got bigger. The company says it's good news

NEW YORK--(BUSINESS WIRE)--Macy's, Inc. to Participate at the Goldman Sachs 31st Annual Global Retailing Conference.

Macy's, Inc. to Participate at the Goldman Sachs 31st Annual Global Retailing Conference

Shares of Macy's Inc M remained volatile in early trading on Thursday, after the company reported weak quarterly sales.

Macy's Strong Earnings Tempered By Weak Sales, But Analysts See 'Green Shoots' Emerging

24/7 Wall St. Insights Macy's Inc. (NYSE: M) customers clearly have decided to shop elsewhere.

Macy's Won't Ever Recover

Shares of Macy's Inc. slid on Wednesday after the department-store chain cut its outlook and said that consumers were still skittish. Positives were hard to find, but management tried their best to highlight some.

Macy's results disappoint Wall Street, but executives see ‘light at the end of the tunnel'

Macy's, Inc. M shares are trading lower after the company reported a second-quarter revenue miss.

Macy's Ability To Achieve Revised Outlook Amid Weak Macro Environment Is Doubtful: Analyst

Macy's officials are confident in their “A Bold New Chapter” strategy, highlighted by the company's First 50 locations. During its second-quarter earnings call Wednesday (Aug. 21), Macy's Chairman and CEO Tony Spring noted the retailer showcased these flagship stores as a beacon of success amid a challenging retail environment.

Macy's Optimistic About ‘First 50' Strategy Despite Overall Sales Drop

Macy's posted declining comparable-sales growth and missed top-line estimates. Gross margin improved, leading to a bottom-line beat.

Why Macy's Stock Was Falling Today

Macy's (M) Q2 results reflect a y/y decline in comps. However, it sees fiscal 2024 as a transitional and investment year, focusing on key strategic initiatives to improve customer experience.

Macy's (M) Q2 Earnings Beat Estimates, Comps Decline Y/Y

Macy's (NYSE: M ) just reported results for the second quarter of 2024. Macy's reported earnings per share of 53 cents.

M Stock Earnings: Macy's Beats EPS, Misses Revenue for Q2 2024

Macy's, Inc. (NYSE:M ) Q2 2024 Earnings Conference Call August 21, 2024 8:00 AM ET Company Participants Pamela Quintiliano - VP of IR Tony Spring - Chairman & CEO Adrian Mitchell - COO & CFO Conference Call Participants Matthew Boss - JPMorgan Chase Brooke Roach - Goldman Sachs Bob Drbul - Guggenheim Partners Dana Telsey - Telsey Advisory Group Blake Anderson - Jefferies Tracy Kogan - Citi Alex Straton - Morgan Stanley Neil Goh - TD Cowen Michael Binetti - Evercore ISI Jay Sole - UBS Janet Kloppenburg - JJK Research Operator Greetings, and welcome to Macy's, Inc. Second Quarter 2024 Earnings Conference Call. At this time, all participants are in a listen-only mode.

Macy's, Inc. (M) Q2 2024 Earnings Call Transcript

All eyes are on the retailer's new CEO as the department chain struggles to win over inflation-weary customers drawn to affordable rivals like Target and Walmart.

Macy's slashes sales outlook as iconic retailer struggles to lure cash-strapped shoppers

Shares of Macy's Inc (NYSE:M) are tanking out of the gate, last seen down 12.1% at $15.62 after a mixed second-quarter report.

Macy's Stock Sinks After Mixed Quarterly report

Macy's, Inc. (NYSE:M) shares tumbled 14% as the department store chain downwardly revised its full year sales forecast as it struggles with curbed consumer spending and a bigger than anticipated hit from promotions. It now expects net sales in the range of $22.1 billion to $22.4 billion, or down between 2% to 0.5% from 2023.

Macy's shares sink on slashed full-year sales forecast

Although the revenue and EPS for Macy's (M) give a sense of how its business performed in the quarter ended July 2024, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.

Macy's (M) Reports Q2 Earnings: What Key Metrics Have to Say

Macy's (M) shares slumped Wednesday after the retailer's second-quarter sales declined and it lowered its full-year guidance on weak consumer spending and more promotions.

Macy's Sales, Outlook Decline as Retailer Faces 'Challenging' Environment

Macy's (M) came out with quarterly earnings of $0.53 per share, beating the Zacks Consensus Estimate of $0.32 per share. This compares to earnings of $0.26 per share a year ago.

Macy's (M) Surpasses Q2 Earnings Estimates

JD.com

U.S. stock futures were higher this morning, with the S&P 500 futures gaining around 0.2% on Wednesday.

Macy's Reports Weak Sales, Joins JD.com And Other Big Stocks Moving Lower In Wednesday's Pre-Market Session

Macy's Inc.'s stock M, -0.45% fell 8% early Wednesday, after the department-store chain missed sales and same-store sales estimates for its fiscal second quarter and lowered its full-year guidance, citing a still-stressed consumer. The company had net income of $150 million, or 53 cents a share, for the quarter through Aug. 3, after a loss of $22 million, or 8 cents a share, in the year-earlier period.

Macy's stock slides 8% after sales fall short of estimates and company lowers guidance

Macy's beat quarterly earnings expectations but it cut its sales forecast for the full year. The company is trying to turn around its business as it closes about 150 namesake stores.

Macy's cuts sales forecast as department stores struggle to draw shoppers

Macy's lowered its annual net sales forecast on Wednesday as lingering weakness in U.S. consumer spending dashes hopes of a turnaround in demand for big-ticket discretionary goods, sending its shares down 10% in premarket trade.

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