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 Inc. (NYSE: M) became the most recent retailer to see its results disintegrate following other retailers, led in size by Target.

Macy's Falls Apart

The second quarter represented a step backward compared to 2021, but results still exceeded expectations.

Macy's Stock Rises Despite Falling Sales and Earnings: Here's Why

Nordstrom

Hopes that wealthy Americans would spend the U.S. economy out of trouble are being discarded like the unsold goods in Macy's and Nordstrom stores.

Nordstrom and Macy's Show Consumers Are Hurting. The Fed May Not Care.

Nordstrom Inc became the latest retailer to lower its financial goals for the year, citing risks of a steeper economic downturn and slowdown in consumer spending in an after-hours release, joining Macy's Inc which issued its warning during the New York trading day on Tuesday. Nordstrom cited weakness among shoppers at its Nordstrom Rack discount chain, which targets lower-end consumers than its flagship stores.

Nordstrom and Macy's latest US retailers to lower financial goals for the year

Persistent high inflation has taken a toll on shoppers, Macy's said on a conference call Tuesday following the retailer's second quarter earnings report.

Macy's says inflation is slowing spending, but not by the wealthy

Though an earnings beat like the kind Macy's (NYSE: M ) printed on Tuesday usually generates buzz, all eyes tend to focus on the forward guidance. Here, the company downgraded expectations for the full year, which ordinarily might sink M stock.

Macy's (M) Stock Rises 6% Despite Cuts to Full-Year Outlook

Wall Street still hopes the Fed stops hiking rates to avoid recession. Value stocks like Macy's are warning of dismal days ahead.

Macy's Rise Suggests Investors Are Delirious

Smaller stores for Macy's and Bloomingdale's including the first replacement in St. Louis for Macy's.

Macy's Reports Second Quarter 2022 And Reveals Seven Points Of Action

Macy's, Inc. (NYSE:M ) Q2 2022 Earnings Conference Call August 23, 2022 8:00 AM ET Company Participants Mike McGuire – Vice President and Head-Investor Relations Jeff Gennette – Chairman and Chief Executive Officer Adrian Mitchell – Chief Financial Officer Conference Call Participants Oliver Chen – Cowen Matt Boss – JPMorgan William Reuter – Bank of America Lorraine Hutchinson – Bank of America Omar Saad – Evercore Partners Kimberly Greenberger – Morgan Stanley Steph Wissink – Jefferies Gabby Carbone – Deutsche Bank Tracy Kogan – Citi Chuck Grom – Gordon Haskett Jay Sole – UBS Bob Drbul – Guggenheim Michael Binetti – Credit Suisse Dana Telsey – Telsey Group Carla Casella – JPMorgan Operator Good morning, and welcome to Macy's, Inc. Second Quarter 2022 Earnings Conference Call. Today's hour-long conference is being recorded.

Macy's, Inc.'s (M) CEO Jeff Gennette on Q2 2022 Results - Earnings Call Transcript

Macy's Inc (NYSE: M) is up nearly 10% on Tuesday after the retailer reported market-beating results for its fiscal second quarter. Macy's Q2 earnings snapshot Net income printed at $275 million versus the year-ago $345 million Per-share earnings were down from $1.08 to 99 cents Adjusted EPS came in at $1.

Macy's stock popped 10% on Tuesday: explained here

Macy's Inc (NYSE: M) shares are trading higher by 7.12% to $20.00 Tuesday morning after the company reported better-than-expected second-quarter EPS and sales results. What Happened?

Why Macy's Stock Is Popping Off Today

The company cut its full-year guidance due to increasing macro headwinds and pressures on the consumer.

Macy's Cuts Full-Year Earnings Guidance. The Stock Is Gaining Anyway.

Macy's (M) delivered earnings and revenue surprises of 17.65% and 2.18%, respectively, for the quarter ended July 2022. Do the numbers hold clues to what lies ahead for the stock?

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

The company forecast 2022 net sales of $24.34 billion to $24.58 billion, compared with its previous outlook of $24.46 billion to $24.70 billion.

Macy's cuts full-year forecasts as inflation hits department store spending

Macy's Earnings Guidance Is Atrocious. The Stock Is Gaining Anyway.

Macy's Inc. M, -4.07% share rose 3.6% in premarket trade Tuesday, after the company posted better-than-expected earnings for the second quarter, although it lowered its full-year guidance to reflect a difficult spending environment and high levels of inventory. The department store chain posted net income of $275 million, or 99 cents a share, in the quarter, down from $345 million, or $1.08 a share, in the year-earlier period.

Macy's stock pops premarket after earnings top estimates, but company lowers guidance to reflect difficult environment

Macy's on Tuesday cut its full-year forecast, saying it anticipates deteriorating consumer spending on discretionary items like apparel.

Macy's cuts full-year forecast despite strong quarter, fearing shoppers will pull back on spending

NEW YORK--(BUSINESS WIRE)--Macy's, Inc. Reports Second Quarter 2022 Results and Updates Guidance

Macy's, Inc. Reports Second Quarter 2022 Results and Updates Guidance

Macy's reports earnings before the market opens on Tuesday. Nordstrom weighs in after the close.

Activist Investor Sells Macy's Stock, Nordstrom In Q2 Ahead Of Earnings

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Earnings Previews: JD.com, KE Holdings, Macy's, Medtronic

Macy's Inc (NYSE:M) will join the long list of retailers to recently report earnings, with its numbers for the second quarter due out next week before the open on Tuesday, Aug. 23.

Options Traders Turn Bearish on Macy's Stock Ahead of Earnings

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The global department stores market size was valued at $117.2 billion in 2021 and is expected to expand at a compound annual growth rate (CAGR) of 5.1%. Many department stores have shifted away from traditional indoor malls in favor of open-air shopping centers.

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Macy's (M) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

News for Macy's Stock (M)