Macy's posts strongest growth in more than 3 years, but strikes cautious note on holidays [CNBC]
Macy's Inc (M)
Last macy's inc earnings: 2/25 06:55 am
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Source: CNBC
Adam Gray | Bloomberg | Getty Images Macy's on Wednesday beat Wall Street's sales expectations for the third quarter in a row and posted its strongest growth in more than three years as the company's turnaround strategy showed signs of momentum. The department store operator raised its full-year sales and earnings outlook after its better-than-expected fiscal third quarter. The retailer now expects adjusted earnings per share of between $2 and $2.20, up from its previous expectation of $1.70 to $2.05, and net sales of $21.48 billion to $21.63 billion, compared with its prior outlook of $21.15 billion and $21.45 billion. Macy's said it expects flat to roughly 0.5% comparable sales growth from the previous year. That compares to its previous expectations for a year-over-year decline of between 0.5% and 1.5%. The industry metric takes out one-time dynamics like store openings and closures, and Macy's includes merchandise that it owns, items for brands that pay for space within its
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News
- Macy's (NYSE:M) had its "positive" rating reaffirmed by analysts at Morgan Stanley.MarketBeat
- Macy's (NYSE:M) had its price target raised by analysts at Citigroup Inc. from $19.00 to $24.00. They now have a "neutral" rating on the stock.MarketBeat
- Macy's (NYSE:M) was given a new $21.00 price target on by analysts at UBS Group AG.MarketBeat
- Macy's (NYSE:M) had its "hold" rating reaffirmed by analysts at Cowen Inc.MarketBeat
- Macy's (NYSE:M) had its "buy" rating reaffirmed by analysts at Jefferies Financial Group Inc..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