Macy’s may have beat earnings estimates but is still losing market share [MarketWatch]
Macy's Inc (M)
Last macy's inc earnings: 2/25 06:55 am
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Source: MarketWatch
Macy’s may have beat earnings estimates but is still losing market share Macy’s Inc.’s second-quarter earnings beat Wall Street estimate, but the department-store operator is still losing market share, according to Neil Saunders, managing director of GlobalData Retail. Macy’s M, -15.95% reported adjusted earnings of 70 cents per share, blowing past the FactSet consensus of 50 cents per share. Sales of $5.57 billion also exceeded the $5.55 billion FactSet consensus, though the top-line figure represented a decline from the year-earlier $5.64 billion. The retailer also raised its guidance, telling investors now to expect adjusted EPS of $3.95 to $4.15 for fiscal 2018, up from previous guidance of $3.75 to $3.95. Sales are expected to range from flat to 0.7% growth. And same-store sales on an owned-plus-licensed basis are expected to increase 2% to 2.5%, with same-store sales on an owned basis 20 to 30 basis points below that. The FactSet consensus is for EPS of $3.86 and same-store-sa
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News
- Guggenheim Gauges Lender Interest for Macy's Buyout Financing [BNN Bloomberg (Canada)]BNN Bloomberg
- Guggenheim Gauges Lender Interest for Macy's Buyout Financing [Yahoo! Finance]Yahoo! Finance
- Yasir Anwar Named Chief Technology Officer At Inspire Brands [Forbes]Forbes
- Macy’s, Inc. to Report First Quarter 2024 Results on May 21, 2024Business Wire
- Popular mall retailer closing all stores across the US after filing for bankruptcy [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