Macy's investors not buying Macy's sales rebound [ABC News]
Macy's Inc (M)
Last macy's inc earnings: 2/25 06:55 am
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Source: ABC News
Macy's raised its annual profit forecast as the department store reported an unexpected increase in a key sales measure. The Cincinnati department store chain has now reported its third straight quarter of higher sales at existing stores after a three-year slump. But shares tumbled in early morning trading as investors worried about the slowdown in the momentum. Still, the report offered encouraging news for other department stores, which are aiming to reinvent themselves as shoppers move increasingly online. J.C. Penney and Nordstrom are expected to report their second-quarter earnings results on Thursday. Kohl's is slated to release its results next week. Macy's, the first of the department store group to release its results, has been expanding its store label brands to help differentiate itself from its rivals. It's also adding more of the off-price Backstage stores and upgrading its checkout technology to make it faster and easier for shoppers. It's testing more cur
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News
- Macy's, Inc. (NYSE: M) is now covered by analysts at StockNews.com. They set a "hold" rating on the stock.MarketBeat
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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