Macy's (M) came out with quarterly earnings of $0.04 per share, missing the Zacks Consensus Estimate of $0.07 per share. This compares to earnings of $0.21 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of -42.86%. A quarter ago, it was expected that this department store operator would post earnings of $0.32 per share when it actually produced earnings of $0.53, delivering a surprise of 65.63%.Over the last four quarters, the c ...

On Wednesday, Macy’s Inc M reported third-quarter sales of $4.74 billion, beating the consensus of $4.72 billion.Macy’s net sales decreased 2.4%, with comparable sales down 2.4% on an owned basis and down 1.3% on an owned-plus-licensed-plus-marketplace basis.Sales growth at Macy’s First 50 locations, Bloomingdale’s, and Bluemercury was offset primarily by weakness in Macy’s non-First 50 locations, digital channels, and cold weather categories.Also Read: Macy’s Delays Q3 Earnings Report Amid Investigation Ov ...

Macy's on Wednesday said it has wrapped up an investigation into an employee who intentionally hid about $151 million of delivery expenses on its accounting books for nearly three years and has revised those years of its historical financial statements.In a statement, CEO Tony Spring, who stepped into the role in February, said Macy's is "strengthening our existing controls and implementing additional changes designed to prevent this from happening again and demonstrate our strong commitment to corporate go ...

Exhibit 99.1 macys inc Macy's, Inc. Reports Preliminary Third Quarter 2024 Results Macy's First 50 locations achieve third consecutive quarter of positive comparable sales Company delays third quarter 2024 earnings release and conference call NEW YORK—November 25, 2024— Macy's, Inc. (NYSE: M) today reported preliminary financial results for the third quarter of 2024. Preliminary Third Quarter Highlights • Macy's First 50 locations delivered third consecutive quarter of comparable sales growth, up 1.9%. • Bl ...

NEW YORK, Dec. 05, 2024 (GLOBE NEWSWIRE) -- Why: Rosen Law Firm, a global investor rights law firm, announces an investigation of potential securities claims on behalf of shareholders of Macy’s, Inc. (NYSE: M) resulting from allegations that Macy’s may have issued materially misleading business information to the investing public. So What: If you purchased Macy’s securities you may be entitled to compensation without payment of any out of pocket fees or costs through a contingency fee arrangement. The Rose ...

NEW YORK, Dec. 4, 2024 /PRNewswire/ --Why: Rosen Law Firm, a global investor rights law firm, announces an investigation of potential securities claims on behalf of shareholders of Macy's, Inc. (NYSE: M) resulting from allegations that Macy's may have issued materially misleading business information to the investing public.So What: If you purchased Macy's securities you may be entitled to compensation without payment of any out of pocket fees or costs through a contingency fee arrangement. The Rosen Law Fi ...

NEW YORK, Dec. 03, 2024 (GLOBE NEWSWIRE) -- Bragar Eagel & Squire, P.C., a nationally recognized stockholder rights law firm, is investigating potential claims against Macy’s, Inc. (“Macy’s” or the “Company”) (NYSE:M) on behalf of Macy’s stockholders. Our investigation concerns whether Macy’s has violated the federal securities laws and/or engaged in other unlawful business practices. Click here to participate in the action. On November 25, 2024, Macy's issued a press release announcing its preliminary thir ...

Macy's, Inc. (NYSE: M ), one of the prominent department store operators around, witnessed a changing of the guard earlier in February this year. After close to 7 years at the helm (and 4 decades inAnalyst’s Disclosure: I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Al ...

LOS ANGELES, Nov. 26, 2024 /PRNewswire/ -- The Schall Law Firm, a national shareholder rights litigation firm, announces that it is investigating claims on behalf of investors of Macy's, Inc. ("Macy's" or "the Company") (NYSE: M) for violations of the securities laws.The investigation focuses on whether the Company issued false and/or misleading statements and/or failed to disclose information pertinent to investors. Macy's is the subject of an Associated Press article published on November 25, 2024. Accord ...

Shares of Macy’s (M) fell 2.2% during the trading session yesterday, as investors digested the news of a delay in fiscal third-quarter 2024 earnings release. The delay is related to the discovery of accounting irregularities for delivery expenses.An investigation revealed that a former employee intentionally hid about $132 million to $154 million in delivery costs between the fourth quarter of fiscal 2021 and the third quarter of fiscal 2024. During this period, the company reported approximately $4.36 bill ...