Coronavirus Could Be What Finishes Off Several Big Department Stores [Forbes]
Macy's Inc (M)
Last macy's inc earnings: 2/25 06:55 am
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Source: Forbes
Macy's Seattle store closing (AP Photo/Elaine Thompson).ASSOCIATED PRESSIn a normal time, financial people focus mostly on income statements and earnings, earnings, earnings. But when survival is at stake, they turn more to balance sheets. In layman’s terms: when it’s about survival, how much you’ve made in the past is not as important as how much cash you have on hand to live through a crisis. Companies will need cash to get through this shutdown and what comes after it, especially if the recovery ramp-up is shallow, as now appears likely. Companies that have liquid assets and other assets to borrow against are going to come through. Companies without access to cash have a questionable future.Macy’s is the largest of the traditional department stores (by sales). When you look at Macy’s balance sheet, everything looks pretty good:- There’s almost $700 million in cash on hand as of February 1, 2020.- Inventory is over $5 billion and that’s normally good collateral for deb
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News
- Macy's (NYSE:M) had its "neutral" rating reaffirmed by analysts at The Goldman Sachs Group, Inc..MarketBeat
- Macy's (NYSE:M) had its "cautious" rating reaffirmed by analysts at Evercore ISI.MarketBeat
- Macy's (NYSE:M) had its price target raised by analysts at Morgan Stanley from $20.00 to $21.00. They now have an "equal weight" rating on the stock.MarketBeat
- Macy's Posts Earnings Beat, but Consumers Are ‘Choiceful' Heading Into Holiday [Yahoo! Finance]Yahoo! Finance
- Macy's (NYSE:M) had its "positive" rating reaffirmed by analysts at Morgan Stanley.MarketBeat
M
Earnings
- 12/3/25 - Beat
M
Sec Filings
- 12/3/25 - Form 8-K/A
- 12/3/25 - Form 8-K
- 11/5/25 - Form SCHEDULE
- M's page on the SEC website