Macy's (M) Q2 Earnings Beat Estimates, Comps Decline Y/Y

Macy’s, Inc. (M) has reported second-quarter fiscal 2024 results, wherein the top line lagged the Zacks Consensus Estimate while the bottom line surpassed the same. Total revenues declined and earnings increased from the year-ago quarter’s reported figures. Comparable sales (comps) fell on an owned basis and an owned-plus-licensed basis.M shares have lost 19.7% in the past six months compared with the industry’s 16.6% decline.Sales & Earnings PictureMacy’s, currently carrying a Zacks Rank #3 (Hold), has rep ...