Is Macy’s Post-Earnings Dip a Buying Opportunity? [The Motley Fool]
Macy's Inc (M)
Last macy's inc earnings: 2/25 06:55 am
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macysinc.com/ir
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Source: The Motley Fool
The retailer’s turnaround remains intact. Shares of Macy's ( NYSE:M ) plunged 16% on August 15 after the retailer posted its second quarter earnings. That massive decline was surprising, since Macy's top and bottom line results beat Wall Street's expectations. Macy's revenue fell 1% year over year to $5.57 billion, which beat estimates by $20 million but marked the company's first quarterly sales decline in three quarters. Adjusted net earnings rose 52% to $0.70 per share, beating estimates by $0.19, but that figure was significantly inflated by real estate sales. Excluding real estate gains, adjusted EPS rose 59% to $0.59. Image source: Macy's. Let's dig deeper into Macy's second quarter report to see why the stock tumbled , and whether or not investors should consider buying the stock after its post-earnings dip. Comparable store sales remain positive Macy's reported that comparable store sales for its owned departments remained flat year over year last
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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
- Macy's slashes job pledge, ups investment for $640M Rowan County distribution center [Yahoo! Finance]Yahoo! Finance
- Romance scammers turn victims into "money mules," creating a legal minefield for investigators [CBS News]CBS News
- I was happy in the UK and dead against moving to New York. When my partner was made redundant, it felt like our only option. [Business Insider]Business Insider
- Macy's Inc. Taps Abigail James as Chief DEI Officer [Yahoo! Finance]Yahoo! Finance
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