Retail stock Macy's Inc (NYSE:M) was last seen up 1.1% at $12.59, and running into several layers of resistance on the charts. The $12.60 level has kept a lid on gains for the last couple months, while overhead pressure at the 100-day moving average has moved in as well -- a trendline that has preceded downturns in the past. Per Schaeffer's Senior Quantitative Analyst Rocky White, the stock is within 0.75 of the 100-day moving average's 20-day average true range (ATR), after spending at least 80% of the las ...

相关趋势也得到了行业协会的印证。美国鞋类分销商与零售商协会(FDRA)近期一项调查显示，超过一 半的受访企业预计2025年零售价格将因关税上升6%至10%。美国服装与鞋类协会(AAFA)主席Stephen Lamar则表示，随着返校季商品普遍面临10%至30%的新关税，价格全面走高早已在预期之中。他警告 称，如果7月9日后这些关税持续甚至上调，消费品价格将在接下来的季度继续上行。 引发更大担忧的是，特朗普政府本周宣布与越南达成贸易协议，将对越南商品加征20%的关税，对 于"转运"商品(原产中国、在越南加工)则征收高达40%的关税。这项协议对耐克(NKE.US)、 Lululemon(LULU.US)、Patagonia、彪马和H&M等深度依赖越南制造的品牌构成沉重打击。 随着总统特朗普推动的新一轮关税政策逐步实施，其对美国整体经济价格体系的影响正在加剧。 智通财经APP获悉，根据电商分析机构DataWeave发布的最新数据显示，从2025年5月开始，美国大型百 货商如梅西百货(M.US)、诺德斯特龙与迪拉德百货(DDS.US)旗下的鞋类、服饰和包袋等品类出现明显 涨价趋势，这一波"标签式通胀"已逐渐浮出水面。 ...

A month has gone by since the last earnings report for Macy's (M) . Shares have lost about 6.9% in that time frame, underperforming the S&P 500.Will the recent negative trend continue leading up to its next earnings release, or is Macy's due for a breakout? Before we dive into how investors and analysts have reacted as of late, let's take a quick look at the most recent earnings report in order to get a better handle on the important drivers.How Have Estimates Been Moving Since Then?It turns out, fresh esti ...

Core Insights - Myriad Uranium Corp. reports significant chemical assay results from the Copper Mountain Uranium Project, indicating grades up to 60% higher than previously reported probe equivalents, suggesting a more extensive high-grade uranium mineralization than previously estimated [1][2][3] Drilling Results - The drilling program focused on the Canning Deposit, identified as the largest mineralized area based on historical data from Union Pacific's 1979 mine plan [2] - Confirmed U3O8 grades across 34 boreholes are significantly higher than eU3O8 probe grades, with the deepest intercept (CAN0034) showing a 242% increase over its equivalent probe grade [3][4] - Chemical assay will be the primary reporting method for Copper Mountain going forward, as it provides more accurate results compared to gamma probe readings [3][4] Historical Context - The initial drill campaign results suggest that the historical estimate of 15-30 million pounds U3O8 across six deposits may be conservative, with potential for new, previously unaccounted mineralization [4] - The findings support previous internal documents from Neutron Energy, indicating the potential for "several hundred million pounds" of uranium at Copper Mountain [4] Future Plans - The company has submitted a Plan of Operations application to drill high-priority prospects, which could increase the number of permitted boreholes to 70 [22] - The drilling program aims to explore deeper mineralization beyond the 600 feet level previously drilled by Union Pacific, with encouraging results from the latest borehole [15][16] Technical Aspects - Drilling was conducted using diamond core and reverse circulation methods, with core samples processed for further analysis [18] - Downhole logging utilized spectral gamma probes to measure gamma emissions, providing insights into mineral composition and aiding in lithological determination [19][20]

Group 1 - The number of job cuts announced in the first five months of 2025 increased by 80% compared to the same period in 2024, totaling approximately 696,000 job cuts [1][2] - Job cuts are only 65,000 away from matching the total for all of 2024, which was just over 385,000 [1] - Economic and market conditions, along with federal funding cuts, are significant factors contributing to the increase in layoffs [2][4] Group 2 - Retail job cuts reached nearly 76,000 for the year, marking a 274% increase over 2024, making it the second-highest industry for job cuts after the federal government [4] - Store closures have been a major contributor to job losses, with several retailers shutting down locations due to economic pressures [6] - Notable retailers such as JCPenney, Macy's, and Forever 21 have announced store closures, with Forever 21 winding down its business primarily due to competition [7][8]

Financial Performance - Net sales for the first quarter of 2025 decreased by $247 million, or 5.1%, compared to the first quarter of 2024, primarily due to the closure of 64 non-go-forward locations[85]. - Macy's, Inc. comparable sales declined 2.0% on an owned basis and 1.2% on an owned-plus-licensed-plus-marketplace basis in the first quarter of 2025[82]. - Bloomingdale's comparable sales increased 3.0% on an owned basis and 3.8% on an owned-plus-licensed-plus-marketplace basis in the first quarter of 2025[84]. - The Company reported net sales of $171 million and an operating loss of $361 million for the 13 weeks ended May 3, 2025[110]. - Comparable sales decreased by 2.0% on an owned basis and 1.2% on an owned-plus-licensed-plus-marketplace basis for the 13 weeks ended May 3, 2025[115]. - Adjusted EBITDA for the 13 weeks ended May 3, 2025, was $324 million, compared to $364 million for the same period in 2024[117]. - The Company reported a net loss of $48 million for the 13 weeks ended May 3, 2025[110]. Expenses and Margins - Gross margin for the first quarter of 2025 was $1,804 million, maintaining a gross margin rate of 39.2%[87]. - Selling, general and administrative expenses increased by $2 million, or 0.1%, in the first quarter of 2025 compared to the first quarter of 2024[87]. - The company incurred impairment, restructuring, and other costs amounting to $7 million, which impacted earnings by $0.03 per share[120]. - Losses on early retirement of debt were recorded at $3 million, with no impact on earnings per share for the previous year[120]. - The income tax impact of certain items was a reduction of $2 million, affecting earnings by $0.01 per share[120]. Cash and Investments - The Company ended the first quarter of 2025 with a cash and cash equivalents balance of $932 million, an increase of $56 million from $876 million at the end of the first quarter of 2024[95]. - The Company’s investments in subsidiaries amounted to $9,914 million as of May 3, 2025[108]. Shareholder Returns and Debt Management - The Company paid dividends totaling $51 million in 2025, compared to $48 million in 2024[99]. - The Board of Directors authorized a new $2,000 million share repurchase program, with $1,274 million remaining available as of May 3, 2025[100]. - Macy's amended its asset-based credit facility, reducing it from $3,000 million to $2,100 million and extending the maturity date to April 2030, providing access to committed liquidity for the next five years[101]. - The total aggregate principal amount of senior unsecured notes outstanding was $2,785 million as of May 3, 2025[107]. - The Company had no outstanding borrowings under the ABL Credit Facility as of May 3, 2025[105]. Tax and Effective Rate - The effective tax rate for the first quarter of 2025 was 44.1%, compared to 36.7% for the first quarter of 2024[91]. - For the 13 weeks ended May 3, 2025, the net income per share was $0.13, down from $0.22 for the same period in 2024, representing a decrease of 40.91%[120]. - The adjusted net income per share, excluding certain items, was $0.16 for the current period, compared to $0.27 in the prior year, reflecting a decline of 40.74%[120]. Market Risk - There have been no material changes to the company's market risk as described in the 2024 10-K filing[121].

Group 1 - The analyst previously gave a buy rating to Macy's Inc. (M) in December, anticipating an upward inflection in growth and share price [1] - The current outlook for Macy's Inc. has become more pessimistic, indicating potential challenges ahead [1] Group 2 - The investment approach focuses on identifying undervalued companies with long-term growth potential, emphasizing value investing principles [1] - The strategy involves purchasing quality companies at a discount to their intrinsic value and holding them for long-term earnings and shareholder returns [1]

关税，新变数！ 据央视新闻报道，当地时间5月29日，美国联邦巡回上诉法院批准特朗普政府的请求，暂时搁置美国国际贸易 法院此前做出的禁止执行特朗普政府依据《国际紧急经济权力法》对多国加征关税措施的行政令的裁决。 美国联邦巡回上诉法院还命令双方就阻止征收关税问题提交书面辩论，相关文件须于下月初提交。之后法院将 决定下一步措施。 此外，美国白宫经济顾问凯文·哈塞特当地时间29日表示，已有三项贸易协议接近达成，等待特朗普做出决 定。哈塞特表示，预计未来几周将有更多贸易协议达成。 此前一天，印度政府一名官员表示，美国贸易团队将于6月5日至6日访问印度，继续进行贸易谈判。哈塞特日 前表示，印度接近与美国达成一项具有里程碑意义的贸易协议。 值得关注的是，受关税影响，多家美企已发出涨价预警。美国梅西百货计划涨价，并可能停售一些商品。此 前，美国玩具制造巨头美泰玩具公司表示，将提高玩具售价。宝洁公司也表示，将考虑提高部分品类的价格。 阿迪达斯近日指出，美国提高关税导致的成本增加，最终会导致其产品售价的上涨。 美国上诉法院批准 据央视新闻报道，当地时间5月29日，美国联邦巡回上诉法院批准特朗普政府的请求，暂时搁置美国国际贸易 法 ...

Core Viewpoint - Macy's is planning to raise prices on select products due to global tariffs, while also taking measures to reduce exposure to China and renegotiate supplier orders [1][3][5]. Group 1: Company Strategy - CEO Tony Spring indicated that the company is minimizing the impact of tariffs by renegotiating orders and canceling or delaying those that do not meet value expectations [1]. - The company is adopting a "surgical" approach to tariffs, implementing selective price increases in categories where customer value remains strong [2]. - Macy's is closely monitoring sourcing options in Southeast Asia and Europe, while maintaining limited exposure to Canada and Mexico [5]. Group 2: Financial Impact - The company estimates that tariffs will affect its annual gross margin by approximately 20 to 40 basis points, influenced by inventory purchased under a previous 145% levy on China [6]. - Macy's has cut its full-year profit guidance due to the impact of tariffs, a slowdown in consumer discretionary spending, and increased competition [7]. - The adjusted earnings per share forecast for fiscal 2025 has been lowered to a range of $1.60 to $2, down from a previous estimate of $2.05 to $2.25 [8]. Group 3: Industry Context - Macy's is among several retailers facing challenges from the ongoing trade war, with competitors like Target also reporting revenue declines and adjusting guidance due to tariff uncertainties [10]. - Walmart has also warned of potential price hikes due to the significant impact of tariffs on retail margins [11][13].

Core Insights - Macy's, Inc. reported first-quarter fiscal 2025 results with both top and bottom lines exceeding Zacks Consensus Estimates, although both metrics declined compared to the previous year [1][3] Financial Performance - Adjusted earnings were 16 cents per share, surpassing the Zacks Consensus Estimate of 14 cents, but down 40.7% from 27 cents in the prior year [3] - Net sales reached $4,599 million, exceeding the consensus estimate of $4,458 million, but decreased by 5.1% year over year [3] - Comparable sales fell by 2% on an owned basis and 1.2% on an owned-plus-licensed-plus-marketplace basis compared to the previous year [3] Brand Performance - Macy's brand comps declined by 2.9% on an owned basis and 2.1% on an owned-plus-licensed-plus-marketplace basis [6] - Bloomingdale's brand saw a 3% increase in comps on an owned basis and 3.8% on an owned-plus-licensed-plus-marketplace basis [6] - Bluemercury brand experienced a 1.5% increase in comps on an owned basis, marking the 17th consecutive quarter of growth [6] Margins and Expenses - Gross margin remained flat at 39.2%, with improved merchandise margins offset by increased delivery expenses [7] - Selling, general and administrative (SG&A) expenses were $1.91 billion, up 0.1% year over year, with SG&A as a percentage of total revenues rising 170 basis points to 39.9% [8][9] - Adjusted EBITDA was $324 million, down 11% from $364 million in the prior year, with an adjusted EBITDA margin of 6.8%, down 50 basis points year over year [9] Cash and Equity Overview - The company ended the quarter with cash and cash equivalents of $932 million and long-term debt of $2.77 billion [10] - Merchandise inventories declined by 0.5% year over year [10] - The company repurchased 8.7 million shares for $101 million, with $1.3 billion remaining under its $2 billion share repurchase authorization [11] Guidance for Fiscal 2025 - Macy's updated its annual guidance, expecting net sales between $21 billion and $21.4 billion for fiscal 2025 [14] - Comparable owned-plus-licensed-plus-marketplace sales are projected to decline by 0.5-2% year over year [15] - Adjusted earnings per share are expected to be between $1.60 and $2.00, down from the previous estimate of $2.05-$2.25 [16]