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 Q1 2021

Earnings data Q2 2021

Earnings data Q3 2021

Earnings data Q4 2021

Earnings data Q1 2022

Earnings data Q2 2022

Earnings data Q3 2022

Earnings data Q4 2022

Earnings data Q1 2023

Earnings data Q2 2023

Earnings data Q3 2023

Earnings data Q4 2023

Earnings data Q1 2024

Earnings data Q2 2024

Earnings data Q3 2024

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.

Revenue

Cost of revenue

Gross profit

Operating expenses

SG&A

Other

Operating income

EBITDA

Net income

Earnings per share

Total assets

Current assets

Cash & equivalents

Receivables

Inventory

Non-current assets

Net PPE

Intangibles

Total liabilities

Current liabilities

Short term debt

Income tax payable

Non-current liabilities

Long-term debt

Total equity

Stockholders equity

Minority interest

Total liabilities & equity

Total debt

Net debt

Book value per share

Cash from operations

Funds from operations

Change in working capital

Cash from investing

Capital expenditure

Purchase/sale of investments

Purchase/sale of business

Other sources

Cash from financing

Change in stock

Change in debt

Cash dividends paid

Cash from other sources

Net change in cash

Free cash flow

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 released its full-year sales results which showed revenue down 5.5% in 2023 compared to 2022. More concerning for the department store is that comparable store sales were down 6.9%, which is a performance comparison to the same stores open last year and this past year (comparable stores would not include new stores opened or closed within the year).

Macy's Bold New Chapter Includes Closing 150 Stores

Macy's (M) shares rose nearly 5% in intraday trading Tuesday after it announced 150 store closures in yet another turnaround plan, as the U.S. department store chain tries to shore up its finances and keep an activist investor at bay.

Macy's Plans 150 Store Closures in New Strategy, as Chain Faces Proxy Fight

Start Time: 08:00 January 1, 0000 9:16 AM ET Macy's, Inc. (NYSE:M) Q4 2023 Earnings Conference Call February 27, 2024, 08:00 AM ET

Macy's, Inc. (M) Q4 2023 Earnings Call Transcript

While the top- and bottom-line numbers for Macy's (M) give a sense of how the business performed in the quarter ended January 2024, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.

Macy's (M) Q4 Earnings: Taking a Look at Key Metrics Versus Estimates

Lowe's

Pre-market futures are tepid for a second-straight trading day — even going back to last week, after last Thursday's big upswing in market activity began leveling off slightly. We continue that leveling off as of this hour today, with the Dow -25 points, the S&P 500 +1 points and the Nasdaq +22.

Durable Goods Orders Decreased More Than Expected

We have some grist for the trading mill ahead of the opening bell, but it's not likely to cause any meaningful tremors from this vantage point.

Macy's, Lowe's Beat in Q4; Durable Goods Lower

There was a lot of excitement when Tony Spring, the new CEO of Macy's, discussed the past but also unveiled his vision for the future. Macy's. 4th quarter diluted earnings per share were down $(0.26) compared to last year $1.83 and adjusted EPS was $2.25 compared to last year's $1.88 per share.

Macy's Reports 4th Quarter 2023 And A New Vision For Future

Macy's said it will shut down 150 stores — about 30% of its US namesake chain — as the department-store giant tightens its focus on luxury under a new chief executive.

Macy's to close 150 stores — 30% of its namesake chain — as new CEO takes helm

Department store will close dozens of outlets this year and the rest over a three-year period after issuing muted trading outlook

Macy's to shutter 150 stores amid focus on luxury

Macy's plans to close roughly 150 locations through the end of 2026, starting with 50 this year. The retailer says the moves will help it strengthen its brand and return to sales growth.

Macy's to close around 150 locations over the next three years

Macy's plans to close its namesake stores and open new Bloomingdale's and Bluemercury locations reflect what's working at the retailer.

Macy's will close about 150 department stores, but open new locations of better performing chains

Macy's on Tuesday announced plans to shutter 150 stores and expand its Bloomingdale's and Bluemercury chains, part of the retailer's plans to revitalize its fortunes and usher in “a bold new chapter” as it fends off a looming takeover bid.

Macy's Is Closing 150 Stores Over The Next 3 Years

Macy's Inc is trading down in premarket on Tuesday even though it reported better-than-expected earnings for its fourth quarter.  This is a developing story.

Macy's Q4 earnings: future outlook disappoints

Macy's forecast annual sales largely below market expectations on Tuesday on weak demand for its apparel and shoes, and said it would close 150 stores through 2026 as part of its new turnaround plan.

Macy's forecasts annual sales below estimates, to shutter 150 stores

NEW YORK--(BUSINESS WIRE)--Macy's, Inc. (NYSE: M) today reported financial results for the fourth quarter and full-year 2023 and provided fiscal 2024 guidance. “I am grateful to all our teams for their continued commitment to our customers during the holiday season. Throughout the fourth quarter, we delivered an improved omnichannel experience, with effective merchandising and a clear demonstration of value that resulted in a strong close to the year,” said Tony Spring, chief executive officer.

Macy's, Inc. Reports Fourth Quarter and Full-Year 2023 Results

NEW YORK--(BUSINESS WIRE)--Macy's, Inc. Announces “A Bold New Chapter”.

Macy's, Inc. Announces “A Bold New Chapter” – Challenging the Status Quo to Fundamentally Reposition the Company, Enhance the Customer Experience, Deliver Growth and Unlock Shareholder Value

The move will help the company monetize up to $750 million of real estate assets through 2026.

Macy's to Close 150 Stores in Strategic Pivot

Besides Wall Street's top -and-bottom-line estimates for Macy's (M), review projections for some of its key metrics to gain a deeper understanding of how the company might have fared during the quarter ended January 2024.

Seeking Clues to Macy's (M) Q4 Earnings? A Peek Into Wall Street Projections for Key Metrics

In the most recent trading session, Macy's (M) closed at $19.26, indicating a -1.03% shift from the previous trading day.

Macy's (M) Suffers a Larger Drop Than the General Market: Key Insights

A proxy fight is underway for control of Macy's Inc. (M).

Activist Investor Launches Proxy Fight for Macy's

Arkhouse Management is nominating nine people for Macy's board of directors, igniting a proxy battle after the department-store operator rejected a $5.8 billion takeover offer from the investment firm and Brigade Capital Management.

Private-equity firm Arkhouse nominates Macy's board of directors slate as takeover talks stall

The push for board seats comes as the Bloomingdale's parent struggles with weak demand as customer cut back spending due to elevated inflation and high borrowing costs.

Macy's facing proxy fight as rejected suitors push for board seats

NEW YORK--(BUSINESS WIRE)--Arkhouse Management Co. LP (together with its affiliates, “Arkhouse”, “we” or “us”), which has a 4.4% economic exposure in Macy's, Inc. (“Macy's”, or the “Company”) (NYSE: M), today announced it has nominated nine independent, highly qualified candidates for election to the Company's Board of Directors (the “Board”) at the 2024 Annual Meeting of Shareholders (the “Annual Meeting”). Gavriel Kahane and Jonathon Blackwell, Arkhouse Managing Partners, said: “Arkhouse and.

Arkhouse Nominates Nine Highly Qualified, Independent Candidates for Election to Macy's Board of Directors

Macy's has received notice from Arkhouse Management Co. LP (Arkhouse) that it has nominated nine individuals to stand for election to the Macy's Inc. Board of Directors at the Company's annual meeting. The company has fourteen directors with Jeff Genette, the retired chairman, retiring at the Annual meeting of the company.

Macy's Responds To Arkhouse Bid For Director Nomination

Arkhouse has launched a proxy fight at department store Macy's, nominating nine directors following a rejected take-private bid.

News for Macy's Stock (M)