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 (M) sales beat estimates in the second quarter of fiscal 2023. However, it reports soft sales due to an 8.2% comps decline on an owned basis.

Macy's (M) Q2 Earnings Surpass Estimates, Comps Sales Decline

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Macy's, Inc. (NYSE:M ) Q2 2023 Earnings Conference Call August 22, 2023 8:00 AM ET Company Participants Pamela Quintiliano - Vice President of Investor Relations Jeff Gennette - Chairman and Chief Executive Officer Tony Spring - President and Chief Executive Officer-Elect Adrian Mitchell - Chief Operating Officer and Chief Financial Officer Conference Call Participants Oliver Chen - TD Cowen Matthew Boss - JPMorgan Greg Sommer - Gordon Haskett Research Advisors Blake Anderson - Jefferies Dana Telsey - Telsey Advisory Group Robert Drbul - Guggenheim Paul Lejuez - Citigroup Alexandra Straton - Morgan Stanley Lorraine Hutchinson - Bank of America Jay Sole - UBS Operator Greetings and welcome to the Macy's, Inc. Second Quarter 2023 Earnings Call. At this time, all participants are in a listen-only mode.

Macy's, Inc. (M) Q2 2023 Earnings Call Transcript

The department store giant brought in 26 cents per share versus estimates of 13 cents, on revenues totaling $5.13 billion, above the $5.06 billion expected.

Macy's +100% EPS, Falls -8%; DKS -20% on Q2

Lowe's

Macy's said US consumers have less cash to spend, and are choosing experiences over products. Lowe's said homeowners are doing well, but fewer are taking on projects themselves.

Macy's, Dick's, and Lowe's are sounding alarms on US shoppers

Retail giants Dick's Sporting Goods Inc (NYSE:DKS) and Macy's Inc (NYSE:M) are fresh off the earnings confessional.

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Macy's (M) came out with quarterly earnings of $0.26 per share, beating the Zacks Consensus Estimate of $0.13 per share. This compares to earnings of $1 per share a year ago.

Macy's (M) Beats Q2 Earnings and Revenue Estimates

Macy's, Inc. (NYSE:M) reported stronger-than-expected sales and earnings in the second quarter but held guidance relfecting a cautious economic outlook. “In the second quarter, we delivered better-than-expected top and bottom-line results,” said Jeff Gennette, chairman and chief executive officer.

Macy's sales top forecasts but wary of economic backdrop

The retailer said it is continuing its "cautious approach on the consumer," citing ongoing macroeconomic pressures, and reaffirmed its annual sales and earnings guidance.

Macy's Delivers Earnings, Sales Beat. Why It's Taking a Cautious Approach to Guidance.

NEW YORK--(BUSINESS WIRE)--Today, Macy's announced the locations of four new small-format stores scheduled to open in fall 2023. These openings mark the first expansion of its small-format locations into the Northeast and Western regions of the United States, with openings in Boston, Las Vegas and San Diego. With small store opening momentum growing in the Midwest, the expansion also sees its third location in the region with the recent opening in Highland, Indiana. The eight previous locations.

Macy's Launches First Small-Format Stores in Northeast and Western Region as Part of Ongoing Expansion Strategy

Macy's Inc. M, -2.58% swung to a loss in the latest quarter while posting a decline in sales. The company logged a fiscal second-quarter net loss of $22 million, or 8 cents a share, whereas it posted net income of $275 million, or 99 cents a share, in the year-prior period.

Macy's swings to a loss, says that it's taking ‘a cautious approach on the consumer'

Macy's on Tuesday topped Wall Street's quarterly sales expectations, even as it struck a cautious note about consumer spending for the back half of the year.

Macy's beats sales estimates, but stands by cautious full-year forecast as shoppers watch their dollars

NEW YORK--(BUSINESS WIRE)--Macy's, Inc. Reports Second Quarter 2023 Results.

Macy's, Inc. Reports Second Quarter 2023 Results

Kohl's

Retail earnings in focus as students return to school. Macy's is due, M stock hovers near 2023 lows.

Retail Earnings Ramp Up As Students Head Back To School; Macy's, Kohl's, Dick's Sporting Goods To Report

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Macy's (M) has an impressive earnings surprise history and currently possesses the right combination of the two key ingredients for a likely beat in its next quarterly report.

Why Macy's (M) is Poised to Beat Earnings Estimates Again

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Earnings Preview: Baidu, Dick's Sporting Goods, Lowe's, Macy's, Zoom Video

Macy's Inc (NYSE:M) will join the growing list of retailers to report earnings, with its second-quarter report due out before the open on Tuesday, Aug. 22.

Macy's Readies to Report Q2 Earnings

Unlike its closest two peers (Kohl's and Nordstrom), Macy's stock has been trading down for some time and is currently greatly undervalued. M's real estate assets are likely worth more than its market cap, and unlocking value from these assets should be a top priority. Meaningfully accelerating buybacks will reward long-term shareholders.

Macy's: Greatly Undervalued, Extracting Value From Real Estate, Stock Buybacks And Potential Catalysts

NEW YORK--(BUSINESS WIRE)--Macy's, Inc. (NYSE: M) today announced that Massimo (Max) Magni has been named chief customer and digital officer. Max will begin leading the company's customer and digital organization on Monday, August 21, reporting to Tony Spring, president and CEO-elect, Macy's, Inc. In this role, Max will guide the strategic long-term vision and growth of Macy's, Inc.'s digital business, aligned on customer-centric strategies that leverage data and analytics to enhance the consum.

Macy's, Inc. Names Massimo (Max) Magni Chief Customer and Digital Officer

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NEW YORK--(BUSINESS WIRE)--Macy's kicks off the back-to-school season with a wide range of fashion and accessories from stylish sneakers to trendy denim and tees, for all ages. Macy's offers an unsurpassed shopping experience that goes beyond supplies, providing brands, value, and inspiration for owning your style. Shop the Macy's back-to-school assortment in-store, online on Macys.com, or through the Macy's app. Macy's inspires students to express their one-of-a-kind style and provides parents.

Ace Your Vibe This Back-To-School Season with Macy's

NEW YORK--(BUSINESS WIRE)--Macy's, Inc. (NYSE: M) will report its second quarter 2023 sales and earnings results on Tuesday, August 22, 2023. The company will host a call and webcast with financial analysts and investors that day at 8:00 a.m. EDT. The call will be hosted by Macy's, Inc. Chairman and Chief Executive Officer Jeff Gennette, President and Chief Executive Officer-elect Tony Spring and Chief Operating Officer and Chief Financial Officer Adrian Mitchell. The general public and the med.

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