Core Viewpoint - Macy's has reduced its full-year profit guidance despite beating quarterly earnings expectations, citing higher tariffs, increased promotions, and moderation in discretionary spending as reasons for the adjustment [1][2]. Financial Performance - For fiscal 2025, Macy's adjusted earnings per share forecast is now $1.60 to $2, down from $2.05 to $2.25 [2]. - The company reaffirmed its full-year sales guidance of $21 billion to $21.4 billion, a decline from $22.29 billion in the previous year [2]. - In the fiscal first quarter, Macy's net income was $38 million (13 cents per share), down from $62 million (22 cents per share) in the same period last year [2]. - Sales decreased from $4.85 billion in the year-ago quarter [2]. Store Performance and Strategy - Macy's plans to close about 150 underperforming stores by early 2027, with comparable sales across its owned and licensed business declining 2.1% year over year [4]. - Comparable sales for the remaining stores, excluding those set to close, declined 1.9% [4]. - The company has invested in 125 locations, referred to as the "First 50" initiative, to enhance performance through increased staffing and improved merchandise displays [5][6]. Leadership Changes - Macy's announced key leadership changes, including the appointment of Thomas Edwards as the new CFO, effective June 22 [8]. Market Performance - As of the latest close, Macy's shares have decreased by approximately 29% this year, underperforming the S&P 500's nearly 1% gains [9].

Macy's, Inc. M will release its first-quarter earnings results before the opening bell on Wednesday, May 28. Analysts expect the New York-based company to report quarterly earnings at 15 cents per share, down from 27 cents per share in the year-ago period. According to data from Benzinga Pro, Macy's projects to report quarterly revenue at $4.43 billion, compared to $4.85 billion a year earlier. On May 16, the company's board of directors declared a regular quarterly dividend of 18.24 cents per share. Macy's ...

Macy’s, Inc. M will release its first-quarter financial results before the opening bell on Wednesday, May 28.Analysts expect the company to report quarterly earnings at 14 cents per share, down from 27 cents per share in the year-ago period and quarterly revenue of $4.5 billion, compared to $4.85 billion a year earlier, according to data from Benzinga Pro.On May 6, Morgan Stanley analyst Alex Straton maintained Macy’s with an Equal-Weight rating and lowered the price target from $14 to $12.With the recent b ...

Core Viewpoint - Analysts project that Macy's will report a quarterly earnings of $0.14 per share, reflecting a 48.2% decline year over year, with revenues expected to be $4.46 billion, down 8% from the same quarter last year [1]. Earnings Estimates - The consensus EPS estimate has been revised downward by 3.7% over the past 30 days, indicating a collective reassessment by analysts [2]. - Changes in earnings estimates are crucial for predicting investor reactions, as empirical studies show a strong correlation between earnings estimate revisions and short-term stock price performance [3]. Key Metrics Projections - Analysts estimate 'Net Sales' to reach $4.45 billion, representing an 8.1% decline from the previous year [5]. - 'Net Sales - Other Revenue' is projected at $177.43 million, indicating a year-over-year increase of 15.2% [5]. - 'Net Sales - Other Revenue - Macy's Media Network revenue, net' is expected to be $43.74 million, reflecting an 18.2% increase from the year-ago quarter [5]. Store Count Projections - Analysts forecast 'Store Count - End of Period - Bluemercury' to be 173, up from 158 in the same quarter last year [6]. - 'Macy's Stores - Boxes (EOP)' is expected to reach 452, down from 503 in the same quarter last year [6]. - The average prediction for 'Consolidated Number of stores' is 687, compared to 718 a year ago [6]. Stock Performance - Over the past month, Macy's shares have returned +8.2%, while the Zacks S&P 500 composite has changed +10.7% [7]. - Macy's currently holds a Zacks Rank 4 (Sell), suggesting potential underperformance relative to the overall market in the near future [7].

Company Overview - Myriad Uranium Corp. is a uranium exploration company with a 75% interest in the Copper Mountain Uranium Project located in Wyoming, USA, which has historical uranium deposits and mines, including the Arrowhead Mine that produced 500,000 lbs of U3O8 [3] - The company has also acquired a 100% interest in the Red Basin Uranium Project in New Mexico, which has a near-surface historical resource of 0.5 million lbs indicated and 1.5 to 6.5 million lbs inferred at grades ranging from 1,700 to 3,100 ppm [3] Warrant Extension - Myriad Uranium Corp. is extending the expiration date of 884,668 warrants from June 1, 2025, to June 1, 2026, with an exercise price of $0.35 per share, while all other terms remain unchanged [1] - A director of the company holds 50,000 of these warrants, and the extension is classified as a "related party transaction," exempt from formal valuation and minority shareholder approval due to its fair market value being below 25% of the company's market capitalization [2]

Core Viewpoint - Macy's is anticipated to report a year-over-year decline in earnings and revenues for the quarter ended April 2025, which could significantly influence its near-term stock price [1][2]. Earnings Expectations - The upcoming earnings report is expected to be released on May 28, 2025, with a consensus EPS estimate of $0.14, reflecting a year-over-year decrease of 48.2% [3]. - Revenues are projected to be $4.47 billion, down 7.7% from the same quarter last year [3]. Estimate Revisions - The consensus EPS estimate has been revised down by 3.66% over the last 30 days, indicating a reassessment by analysts [4]. - A positive Earnings ESP of +2.11% suggests that analysts have recently become more optimistic about Macy's earnings prospects, despite the stock's Zacks Rank of 4, which complicates predictions of an earnings beat [10][11]. Earnings Surprise History - In the last reported quarter, Macy's exceeded the expected EPS of $1.55 by delivering $1.80, resulting in a surprise of +16.13% [12]. - Over the past four quarters, the company has beaten consensus EPS estimates three times [13]. Market Reaction Considerations - An earnings beat or miss may not solely dictate stock movement, as other factors can influence investor sentiment [14]. - While Macy's does not appear to be a strong candidate for an earnings beat, it is essential for investors to consider additional factors before making investment decisions [16].

Core Viewpoint - Macy's has been recognized as a Top 25 dividend stock, showcasing attractive valuation and strong profitability metrics [1][2]. Valuation Metrics - The current share price of Macy's is $12.23, which corresponds to a price-to-book ratio of 0.7 [1]. - The average company in the Dividend Channel's coverage universe has a price-to-book ratio of 2.5 [1]. Dividend Yield - Macy's offers an annual dividend yield of 5.97%, significantly higher than the average yield of 4.1% in the coverage universe [1]. - The annualized dividend paid by Macy's is $0.7296 per share, distributed quarterly [2]. Dividend History - Macy's has a strong quarterly dividend history, which is crucial for assessing the sustainability of its dividends [1][2]. - The most recent dividend ex-date was on June 13, 2025 [2]. Investment Appeal - The report emphasizes that value-oriented dividend investors are interested in companies that are both profitable and attractively valued, which Macy's exemplifies [2].

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].

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]