Key TakeawaysMacy's missed second-quarter revenue and comparable store sales estimates as the retailer faced a tough consumer environment.The biggest U.S. department store chain operator also lowered its guidance because of the drop in sales and the need for more promotions.Macy's shares tumbled on the news. Macy's (M) shares slumped Wednesday after the retailer's second-quarter sales declined and it lowered its full-year guidance on weak consumer spending and more promotions. The biggest U.S. department st ...

Macy's (M) came out with quarterly earnings of $0.53 per share, beating the Zacks Consensus Estimate of $0.32 per share. This compares to earnings of $0.26 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 65.62%. A quarter ago, it was expected that this department store operator would post earnings of $0.18 per share when it actually produced earnings of $0.27, delivering a surprise of 50%.Over the last four quarters, the compa ...

Exhibit 99.1 Macy's, Inc. Reports Second Quarter 2024 Results GAAP EPS and Adjusted Diluted EPS of $0.53, exceeded outlook Gross margin rate of 40.5%, better than outlook Macy's First 50 locations achieve second consecutive quarter of positive comparable sales 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 environmen ...

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 ...