Financial Data and Key Metrics Changes - For FY 2024, the company achieved net sales of $22.3 billion, with a comparable sales decline of 0.9% versus 2023, an improvement of 510 basis points [15] - GAAP diluted earnings per share were $2.07, while adjusted diluted earnings per share were $2.64 [15] - Operating cash flow reached nearly $1.3 billion, and the company ended the year with $1.3 billion in cash, an increase of $272 million from the prior year [15] Business Line Data and Key Metrics Changes - Macy's saw four consecutive quarters of positive growth at its first 50 reimagined locations, with initiatives including improved staffing and visual merchandising [16][17] - Bloomingdale's returned to positive annual comparable sales growth, achieving the highest fourth quarter in the company's history [18] - Blue Mercury experienced its fourth consecutive year of positive comparable sales, opening 17 new locations and remodeling seven stores [20] Market Data and Key Metrics Changes - The company closed 64 underperforming Macy's stores and one Bloomingdale's location as part of its strategy to rationalize its store portfolio [27] - The company reported a return to positive digital sales growth in the fourth quarter, indicating a recovery in online shopping performance [17] Company Strategy and Development Direction - The "Bolder Chapter" strategy aims to enhance customer experience and create a more agile business, focusing on improving shopping experiences and operational efficiency [16][21] - The company is committed to ongoing board refreshment, with an average board tenure reduced to 4.2 years, down from 5.3 years last year [29] Management's Comments on Operating Environment and Future Outlook - The management acknowledged the current volatility in the market but expressed confidence in the company's strategy and leadership to navigate these challenges [24] - The company remains committed to enhancing customer experience while strategically investing in growth initiatives [24] Other Important Information - The company returned $192 million to shareholders through quarterly cash dividends, reflecting a 5% increase per share from 2023 [15] - The leadership team is evolving, with Tom Edwards set to join as COO and CFO, indicating a focus on strengthening the company's financial position [22] Q&A Session Summary Question: Plans to sell more of Macy's real estate? - The company is rationalizing and monetizing underperforming store locations as part of its strategy, having closed 64 Macy's and one Bloomingdale's location in 2024 [26][27] Question: Approach to board refreshment? - The company is committed to board refreshment, with a focus on having the right mix of skills and reducing average board tenure [29][30] Question: Dynamic of Macy's vendor relationships? - The company maintains strong vendor relationships and has attracted new vendors as part of its transformation strategy [31][32] Commentary: Appreciation for leadership and store updates? - The management expressed pride in the State Street store and its historical significance, emphasizing ongoing efforts to maintain its legacy [35][36]

Core Viewpoint - Macy's is facing a challenging financial outlook with expected declines in both earnings and revenue for the upcoming earnings report and the full year [2][3]. Group 1: Recent Performance - Macy's stock closed at $12.42, reflecting a +0.65% change from the previous day, which is below the S&P 500's gain of 0.73% [1] - Over the past month, Macy's shares have increased by 9.01%, while the Retail-Wholesale sector and S&P 500 gained 9.91% and 9.07%, respectively [1]. Group 2: Earnings Forecast - The upcoming earnings report is scheduled for May 28, 2025, with an expected EPS of $0.15, indicating a 44.44% decline from the same quarter last year [2]. - The Zacks Consensus Estimate projects net sales of $4.47 billion, down 7.72% from the previous year [2]. Group 3: Annual Projections - For the entire year, the Zacks Consensus Estimates forecast earnings of $2.04 per share and revenue of $21.22 billion, reflecting declines of -22.73% and -4.81%, respectively, compared to the previous year [3]. Group 4: Analyst Estimates and Stock Performance - Recent changes in analyst estimates for Macy's indicate a downward shift of 3.77% in the Zacks Consensus EPS estimate over the past month, suggesting a negative outlook [5]. - Macy's currently holds a Zacks Rank of 4 (Sell), indicating a less favorable investment position [5]. Group 5: Valuation Metrics - Macy's is trading at a Forward P/E ratio of 6.04, significantly lower than the industry average of 14.13, suggesting it is undervalued compared to its peers [6]. - The Retail - Regional Department Stores industry is ranked 196 out of over 250 industries, placing it in the bottom 21% [6].

In the latest trading session, Macy's (M) closed at $11.84, marking a -0.92% move from the previous day. This move lagged the S&P 500's daily loss of 0.64%. Elsewhere, the Dow saw a downswing of 0.24%, while the tech-heavy Nasdaq depreciated by 0.74%. The department store operator's stock has climbed by 5.01% in the past month, exceeding the Retail-Wholesale sector's gain of 0.16% and the S&P 500's gain of 0.38%. Investors will be eagerly watching for the performance of Macy's in its upcoming earnings discl ...

Core Insights - Myriad Uranium Corp. has reported significant chemical assay results from eight boreholes at the Copper Mountain Uranium Project, indicating that U3O8 grades are on average 50% higher than previously reported probe grades [2][3][4] - The results suggest the presence of high-grade uranium mineralization at the Canning Deposit, with implications for future resource estimation and mine planning [4][22] Summary by Categories Chemical Assay Results - Chemical assays using a 1,000 ppm cut-off show U3O8 grades that are on average 50% higher than previously reported equivalent spectral gamma probe grades [3][4] - At a 200 ppm cut-off, the average grades are 24% higher, and at a 500 ppm cut-off, they are 43% higher [4][10] Implications for Resource Estimation - The higher grades suggest that previous estimates by Union Pacific may have been conservative, indicating that a significant volume of uranium mineralization may have been undetected by older gamma probes [4][22] - The results could lead to positive revisions in historic resource estimates and grades, which may enhance future mining operations [4][22] Borehole Highlights - Significant intervals from the latest assays include CAN0001 with 3,388 ppm U3O8 over 2.40 feet and CAN0010 with 1,205 ppm U3O8 over 3.60 feet [4][8] - Additional notable intervals include CAN0013 with 1,689 ppm U3O8 over 11.80 feet and CAN0024 with 3,031 ppm U3O8 over 10.60 feet [8][9] Geological Context - Uranium mineralization at Copper Mountain is believed to have resulted from supergene and hydrothermal enrichment processes, with the source thought to be granites from the Owl Creek Mountains [25][26] - The presence of radiometric disequilibrium indicates that uranium and its daughter products may have been mobile in the geological environment, affecting assay results [22][24]

Group 1 - The article discusses Macy's, Inc. and its "Bold New Chapter" strategy, which was previously analyzed six months ago with a hold rating [1] - The author aims to identify a company's intrinsic value and find solid companies trading at a steep discount, drawing inspiration from George Soros [1] Group 2 - The author has a background in Philosophy with degrees from UCLA and the University of Oklahoma, and plans to pursue an MBA in Business with a focus on finance [1]

Group 1 - Macy's stock closed at $10.80, reflecting a -0.28% change from the previous day, underperforming compared to the S&P 500's gain of 1.67% [1] - Over the past month, Macy's stock has decreased by 20.25%, significantly worse than the Retail-Wholesale sector's loss of 4.21% and the S&P 500's loss of 6.57% [1] Group 2 - Upcoming earnings disclosure is expected to show an EPS of $0.14, a decline of 48.15% year-over-year, with projected net sales of $4.47 billion, down 7.86% from the previous year [2] - For the entire fiscal year, earnings are estimated at $2.12 per share and revenue at $21.27 billion, indicating declines of -19.7% and -4.6% respectively from the prior year [3] Group 3 - Recent adjustments to analyst estimates for Macy's reflect changing short-term business dynamics, with positive revisions indicating analysts' confidence in the company's performance [4] - The Zacks Rank system, which assesses estimate changes, currently ranks Macy's at 4 (Sell), with no changes in the EPS estimate over the last 30 days [6] Group 4 - Macy's is trading at a Forward P/E ratio of 5.1, which is significantly lower than the industry average of 11.48, indicating a discount compared to its peers [7] - The Retail - Regional Department Stores industry, part of the Retail-Wholesale sector, holds a Zacks Industry Rank of 228, placing it in the bottom 9% of over 250 industries [7]

Company Performance - Macy's closed at $11.13, reflecting a +1.09% increase from the previous day, outperforming the S&P 500's gain of 0.13% [1] - Over the past month, Macy's shares have declined by 19.28%, while the Retail-Wholesale sector and S&P 500 have decreased by 5.65% and 6.3%, respectively [1] Earnings Expectations - The upcoming earnings report is expected to show an EPS of $0.14, a decrease of 48.15% compared to the same quarter last year [2] - Revenue is projected at $4.47 billion, indicating a 7.86% decline from the equivalent quarter last year [2] Annual Estimates - For the annual period, earnings are anticipated to be $2.12 per share, down 19.7% from the previous year, with revenue expected to be $21.27 billion, reflecting a 4.6% decrease [3] Analyst Revisions - Recent changes in analyst estimates for Macy's are crucial as they indicate evolving short-term business trends, with positive revisions suggesting analyst optimism [3][4] Zacks Rank and Valuation - Macy's currently holds a Zacks Rank of 4 (Sell), with a Forward P/E ratio of 5.19, which is a discount compared to the industry average of 11.21 [5] - The Zacks Rank system has historically outperformed, with 1 stocks returning an average annual gain of +25% since 1988 [5] Industry Context - The Retail - Regional Department Stores industry is ranked 231 in the Zacks Industry Rank, placing it in the bottom 7% of over 250 industries [6] - The top 50% rated industries outperform the bottom half by a factor of 2 to 1, indicating the relative weakness of the current industry ranking [6]

Core Insights - Macy's is demanding the return of bonuses totaling $609,613 that were overpaid to executives due to an accounting scandal involving a rogue employee [1][3] - The company has already recovered $257,520 of the overpaid funds and is seeking to recover the remaining $352,093 in accordance with its clawback policy during fiscal 2025 [2][3] - The accounting scandal involved the concealment of $154 million in delivery expenses over several years, which artificially inflated executive compensation [1][4] Company Actions - Macy's has initiated a clawback process to recover the erroneously awarded compensation from the affected executives [3] - The company has not disclosed the identities of the executives involved in the scandal [3] - The rogue employee responsible for the accounting cover-up was fired and acted alone without personal gain [4][5] Financial Context - The accounting cover-up led to a delay in Macy's quarterly earnings report and negatively impacted its stock price [4] - Macy's is also closing 150 underperforming stores by 2027, indicating a strategic shift in response to market challenges [6] - Recent guidance for sales and profits fell short of Wall Street expectations, attributed to inflation and tariff uncertainties [6]

Macy's executives will have to pay back hundreds of thousands of dollars in bonus payments as a result of an accounting scandal, the department store firm said on Tuesday. The retailer overstated one of its earnings measures by $81 million in 2023, the company said in a filing with the SEC. That metric influenced how much Macy's executives were paid in bonuses the following year.As a result, some execs will have to pay back a cumulative $609,613 in cash bonuses that the company awarded them through the end ...

Vancouver, British Columbia--(Newsfile Corp. - April 1, 2025) - Myriad Uranium Corp. (CSE: M) (OTCQB: MYRUF) (FSE: C3Q) ("Myriad" or the "Company") is pleased to announce that Eduards Smirnovs has been appointed external Industry Advisor to the Company. Myriad Uranium Corp. is a uranium exploration company with an earnable 75% interest in the Copper Mountain Uranium Project in Wyoming, USA. Copper Mountain hosts several known uranium deposits and historic uranium mines, including the Arrowhead Mine which pr ...