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0 -0.00600764609503001 -0.00163844893500806 0.00589841616602952 -0.00327689787001632 -0.0114691425450572 -0.046422719825232 0.00126160567995647
Stock impact report

Macy's says tariff hit to ease later this year, posts holiday-quarter beat [BNN Bloomberg (Canada)]

Macy's Inc (M) 
Last macy's inc earnings: 2/25 06:55 am Check Earnings Report
US:NYSE Investor Relations: macysinc.com/ir
Company Research Source: BNN Bloomberg
Shares of the department store chain were up nine per cent in premarket trading even as Macy's said it was taking a “prudent approach” to its outlook, as it forecast a fall in annual revenue and profit, citing macroeconomic and geopolitical risks that could affect consumer spending. The shares have fallen about 23 per cent this year. Under Spring, Macy's has focused on more full-price sales, reinvesting in high-potential locations, while shuttering underperforming stores, improving its product offerings and loyalty programs. “We are offering more relevant brands, stronger storytelling and investing in our colleagues so we can better serve the customer,” Spring said. In the quarter, sales at the Macy's brand declined 3.2 per cent, including the impact of store closures, though comparable sales rose 0.4 per cent. Higher-end brands performed better, with Bloomingdale's posting sales growth of 8.5 per cent and Bluemercury rising 2.5 per cent. Excluding items, Macy's reported qu Show less Read more
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