Macy's (M) reported $4.85 billion in revenue for the quarter ended April 2024, representing a year-over-year decline of 2.7%. EPS of $0.27 for the same period compares to $0.56 a year ago.The reported revenue compares to the Zacks Consensus Estimate of $4.84 billion, representing a surprise of +0.21%. The company delivered an EPS surprise of +50.00%, with the consensus EPS estimate being $0.18.While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they co ...

Key TakeawaysMacy's shares rose Tuesday as the retailer reported first-quarter results that declined from last year's levels, but not as much as analysts had expected.In the quarter, Macy's ended a proxy battle by appointing two new board members, and also announced a restructuring plan to close 150 locations as it looks to return to higher levels of profitability.The retailer also updated its guidance for the full fiscal year, lifting the bottom levels of the projected ranges for revenue and comparable sal ...

Retail concern Macy's Inc (NYSE:M) stepped into the earnings confessional this morning, where it reported better-then-expected first-quarter earnings and raised its full-year guidance. The department store chain said its turnaround plan was the key catalyst for its beat-and-raise.In response, M was last seen up 3.8% at $19.79. The equity is bouncing back above its contentious 60-day moving average, but the $20 mark continues to keep a lid on potential breakouts. Today's gains are also helping Macy's stock c ...

Macy's (M) came out with quarterly earnings of $0.27 per share, beating the Zacks Consensus Estimate of $0.18 per share. This compares to earnings of $0.56 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 50%. A quarter ago, it was expected that this department store operator would post earnings of $2.02 per share when it actually produced earnings of $2.45, delivering a surprise of 21.29%.Over the last four quarters, the compa ...

1Q24 Earnings May 21, 2024 Safe Harbor Statement All statements in this presentation that are not statements of historical fact are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Such statements are based upon the current beliefs and expectations of Macy’s, Inc.’s ...

Exhibit 99.1 macys inc Macy's, Inc. Reports First Quarter 2024 Results A Bold New Chapter gains traction Macy's First 50 locations achieved comparable owned sales of 3.3% and owned-plus-licensed sales of 3.4% First quarter 2024 earnings exceeded outlook Diluted EPS of $0.22 and Adjusted Diluted EPS of $0.27 NEW YORK—May 21, 2024— Macy's, Inc. (NYSE: M) today reported financial results for the first quarter of 2024 and updated its annual guidance. "We are encouraged by our customers' response to our Bold New ...

In its upcoming report, Macy's (M) is predicted by Wall Street analysts to post quarterly earnings of $0.18 per share, reflecting a decline of 67.9% compared to the same period last year. Revenues are forecasted to be $4.82 billion, representing a year-over-year decrease of 3.2%.Over the past 30 days, the consensus EPS estimate for the quarter has been adjusted downward by 4.3% to its current level. This demonstrates the covering analysts' collective reassessment of their initial projections during this per ...

Macy's (M) is expected to deliver a year-over-year decline in earnings on lower revenues when it reports results for the quarter ended April 2024. This widely-known consensus outlook gives a good sense of the company's earnings picture, but how the actual results compare to these estimates is a powerful factor that could impact its near-term stock price.The stock might move higher if these key numbers top expectations in the upcoming earnings report, which is expected to be released on May 21. On the other ...

Jason Doiy The retail sector has faced a tough time since the economy reopened after Covid shutdowns, which led to consumers turning attention towards experiences and travel. Macy's (NYSE:M) still reported solid results in 2023, and along with a potential buyout bid, the stock should trade much higher. My investment thesis remains Bullish on the stock, even after the large bounce off the 2023 lows. Source: Finviz Activist Bid A few weeks back, Macy's agreed to add two directors from Arkhouse Management. Ric ...

Macy's, Inc. (M) is modernizing operations and using technology to boost efficiency and market responsiveness, targeting sustainable growth and a return to pre-pandemic financial levels by fiscal 2025. The retailer is enhancing its omnichannel approach by improving digital and in-store integration and expanding digital marketing. Initiatives include flexible payment options and a new digital marketplace to sustain customer spending.Through its "A Bold New Chapter" strategy, Macy's is closing underperforming ...