Macy's posts surprise profit with overhaul under new CEO resonating with shoppers [Globe and Mail, The (Toronto, Canada)]
Macy's Inc (M)
Last macy's inc earnings: 2/25 06:55 am
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Source: Globe and Mail, The
After posting its back-to-back quarterly jumps in comparable sales Wednesday, Macy's raised its financial guidance for the year. Comparable sales, a good barometer of a retailer's health, have been an ominous sign at Macy's for several years now, serving each quarter as a reminder that the storied department store chain had a long way to go. On Wednesday, however, Macy's posted a solid 3.2% increase for the quarter ended Nov. 1, following a 1.9% increase during the second quarter. The figure includes licensed businesses like cosmetics. “As we enter the holiday season, we are well-positioned with compelling new merchandise and an omni-channel customer experience that delivers both inspiration and value,” Chairman and CEO Tony Spring said in a statement. “With a strategy rooted in hospitality, our teams are focused on driving long-term, profitable growth.” Macy's strong performance is notable because all retailers are navigating a challenging environment with consumers pulling
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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