Earnings Outlook: Macy’s earnings: Analysts say the company isn’t making much money in retail [MarketWatch]
Macy's Inc (M)
Last macy's inc earnings: 2/25 06:55 am
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Source: MarketWatch
Macy’s earnings: Analysts say the company isn’t making much money in retail Macy’s Inc. is expected to report third-quarter earnings on Thursday before the opening bell. The department store chain has taken steps like many in the retail industry to adjust to the shifting landscape: beefing up delivery service , cutting jobs and considering real estate options . One thing that’s missing from Macy’s M, +0.23% equation is top-line sales, which prompted a Citi downgrade last week to sell from neutral. “Macy’s has seen significant pressure on sales/margins for several years, they no longer make much money as a retailer, and J.C. Penney’s weak third-quarter serves as a reminder of just how challenging the department store space is,” wrote Citi analysts led by Paul Lejuez. J.C. Penney Co. Inc. JCP, +5.91% issued a third-quarter and full-year profit warning that sent shares plummeting and brought down rivals like Macy’s, Kohl’s Corp. KSS, +0.25% and others with it. “In what is likely
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M
Earnings
- 2/27/24 - Beat
M
Sec Filings
- 4/19/24 - Form 3
- 4/19/24 - Form 3
- 4/19/24 - Form 3
- M's page on the SEC website