Exhibit 99.1 Macy's, Inc. Reports Second Quarter 2024 Results GAAP EPS and Adjusted Diluted EPS of $0.53, exceeded outlook NEW YORK—August 21, 2024— Macy's, Inc. (NYSE: M) today reported financial results for the second quarter of 2024 and updated its annual guidance. "During the second quarter, we delivered strong earnings performance in a challenging consumer environment," said Tony Spring, chairman and chief executive officer of Macy's, Inc. "Our colleagues executed with discipline, supporting gross marg ...

Macy's logo is seen on a store in Manhattan, New York, United States of America, on July 5th, 2024.Macy's cut its full-year sales forecast Wednesday, as the department store operator said it is contending with selective shoppers and more promotions.The retailer posted a mixed quarter, as it topped Wall Street's earnings expectations but missed on revenue.Macy's said it now anticipates net sales of between $22.1 billion and $22.4 billion, which is lower than the $22.3 billion to $22.9 billion range it had pr ...

UNITED STATES - APRIL 27: Jennifer Lopez, wearing an outfit from her J.Lo clothing line, steps up ... [+] to the microphone to announce the winner of her model search during a news conference at Macy's on 34th St. The winning girl will star in a magazine advertisement for Lopez' fashions. (Photo by Robert Rosamilio/NY Daily News Archive via Getty Images)NY Daily News via Getty ImagesMacy’s is scheduled to report earnings before Wednesday’s open. The stock hit a record high $73.61/share in 2015 and is curren ...

ozgurdonmaz Shares of Macy's, Inc. (NYSE:M) have been a solid performer over the past year, rising 17%; however, they have been on a downward trend over the past two months as a proposed M&A transaction did not proceed and concerns about the consumer had been building. Shares, though, have recovered from a recent low following a strong retail sales report and favorable earnings from Walmart (WMT). This puts shares in an interesting position heading into the company’s quarterly earnings report on Wednesd ...

In its upcoming report, Macy's (M) is predicted by Wall Street analysts to post quarterly earnings of $0.32 per share, reflecting an increase of 23.1% compared to the same period last year. Revenues are forecasted to be $5.09 billion, representing a year-over-year decrease of 0.8%.The current level reflects no revision in the consensus EPS estimate for the quarter over the past 30 days. This demonstrates how the analysts covering the stock have collectively reappraised their initial projections over this pe ...

The market expects Macy's (M) to deliver a year-over-year increase in earnings on lower revenues when it reports results for the quarter ended July 2024. This widely-known consensus outlook is important in assessing the company's earnings picture, but a powerful factor that might influence its near-term stock price is how the actual results compare to these estimates.The earnings report, which is expected to be released on August 21, 2024, might help the stock move higher if these key numbers are better tha ...

Vancouver, British Columbia--(Newsfile Corp. - August 13, 2024) - Myriad Uranium Corp. (CSE: M) (OTCQB: MYRUF) (FSE: C3Q) ("Myriad" or the "Company") is pleased to confirm that it continues to raise funds under its previously announced non-brokered private placement financing (the "Financing") (see Myriad's news release dated June 12, 2024). Under the first tranche of the Financing, Myriad raised gross proceeds of $2,912,500 through the issuance of 11,650,000 units (each, a "Unit") at a price of $0.25 per ...

As Macy’s, Inc. (M) prepares to unveil its second-quarter fiscal 2024 earnings on Aug 21 before the opening bell, all eyes are on how the department store operator will perform amid ongoing economic shifts and consumer behavior changes.The Zacks Consensus Estimate for the to-be-reported quarter’s revenues is pegged at $5.1 billion, which suggests a marginal drop of 0.8% from the prior year’s level. Markedly, the rate of decline shows a deceleration from a 2.7% decrease witnessed in the preceding quarter. On ...

Earlier this year, Macy’s launched a restructuring initiative called “A Bold New Chapter,” aimed at reinvigorating the company and driving growth.The strategy focuses on strengthening the core Macy’s brand through store enhancements, expanded product offerings and cost reductions.A major theme of Macy’s overarching strategy is elevating the customer experience through a culture shift, which ties back to the company’s “A Bold New Chapter” strategy. The new framework is guiding Macy’s officials on how to repo ...

Some market indicators really don’t need much explanation to understand their logical deductions. One example is the dreaded death cross, a pattern that department store icon Macy’s (NYSE:M) is about to print. Ordinarily, such a glaring warning sign should convince investors to run. To be sure, the retailer is problematic. Still, options traders seem to be taking the contrarian route with Macy’s stock.Before we dive into the juicy details, let’s set the framework. The death cross simply describes the condit ...