Macy's, Inc. (M)
|Net Income (ttm)||1.18B|
|Ex-Dividend Date||Jun 14, 2023|
|Day's Range||14.94 - 15.46|
|52-Week Range||12.80 - 25.12|
|Price Target||21.92 (+44.73%)|
|Earnings Date||Jun 1, 2023|
Macy's, Inc., an omni-channel retail organization, operates stores, Websites, and mobile applications. The company sells a range of merchandise, such as apparel and accessories for men, women, and children; cosmetics; home furnishings; and other consumer goods. As of January 29, 2022, it operated 725 department stores in the District of Columbia, Puerto Rico, and Guam under the Macy's, Macy's Backstage, Market by Macy's, Bloomingdale's, Bloomingdale's The Outlet, Bloomies, and bluemercury brands. It also operates in Dubai, the United Arab Emira... [Read more]
In 2023, Macy's's revenue was $24.44 billion, a decrease of -0.07% compared to the previous year's $24.46 billion. Earnings were $1.18 billion, a decrease of -17.69%.Financial Statements
According to 13 analysts, the average rating for M stock is "Hold." The 12-month stock price forecast is $21.92, which is an increase of 44.73% from the latest price.
Macy's First Quarter Sales And Earnings Has Boosters
Macy's reported net sales in their first quarter that were $5.0 billion, a 7% decline over last years $5.3 Billion.
What Macy's & Dollar General earnings are telling us about the consumer and inflation
High inflation and economic uncertainty has led consumers to pull back on their spending. Forrester Research Retail Analyst Sucharita Kodali explains what the impact will be on retail stocks.
Macy's Navigates Weak Consumer Demand, Continues Deep Discounts
Earlier, PYMNTS reported that the summer of markdowns is here as Macy's (along with Dollar General) struggled with declining consumer demand. The retailer has now revised its annual sales and profit f...
Macy's Drops After Retailer Cut Its Outlook
Macy's Inc. said earnings will be weaker than previously expected for the full-year, underscoring the uncertainty around US consumer spending through the remainder of 2023. Bloomberg's Katie Greifeld...
Macy's and Dollar General Results Show Inflation's Bite Is Far-Reaching
The markdown of retail stocks Thursday (June 1) signals that the summer of markdowns is here. Macy's financial results and a host of announcements from other firms Thursday morning showed that inflati...
Storch Advisors CEO on what lies ahead for the retail sector
Gerald Storch, Storch Advisors CEO and former Target vice chairman, joins 'Squawk on the Street' to discuss retail's rough run in the market and what's ahead for the sector.
Nike is coming back to Macy's after being benched for the past year and a half
Macy's Inc. is bringing Nike products back to certain stores and e-commerce operations in the fall and will further scale the offering to additional locations in spring of 2024, Chief Executive Jeff G...
Macy's Stock Earnings, A Pivotal Story
Shares of the discretionary offerings giant Macy's NYSE: M are sliding by as much as 15.2% in the pre-market hours of Thursday morning, as the company released its first quarter 2023 earnings results,...
Macy's And Kohl's Keep Running To Stand Still
Without radical action the collapse of the unremarkable middle will continue. A timid transformation will not save Macy's and Kohl's from a slow slide into oblivion.
Macy's slashes its full-year outlook after earnings beat, revenue miss
CNBC's Melissa Repko joins 'Squawk Box' to break down the retailer's quarterly earnings results.
Macy's Cuts Full-Year Sales, Profit Outlook
Net sales and profit fell in the quarter ended April 29 as demand slowed for apparel and accessories.
Macy's and Costco sound a warning about the economy
Macy's, Costco and other big chains say shoppers are pulling back at their stores and changing what they buy. That could be a red flag for the US economy.
Macy's Lowers Guidance As Consumers Feel Pinched. The Stock Falls.
Macy's lowered its full-year earnings and revenue guidance.
Macy's stock slides 9% amid sales miss and lowered guidance as consumer remains challenged
Macy's Inc.'s stock M slid 9% in premarket trade Thursday, after the department store chain posted weaker-than-expected fiscal first-quarter sales and cut its full-year guidance to reflect a challenge...
Macy's slashes its full-year outlook even as earnings beat
Macy's shares fell on Thursday, as the retailer slashed its full-year outlook and said it saw sales significantly weaken in late March.
Macy's, Inc. Reports First Quarter 2023 Results
NEW YORK--(BUSINESS WIRE)--Macy's, Inc. Reports First Quarter 2023 Results.
JPMorgan's Matt Boss on department retail: Value-focused consumers holding back on discretionary
Matt Boss, JPMorgan retail and leisure analyst, joins 'Closing Bell' to discuss retail department stores ahead of their earnings.
These retailers are most at risk for a margin squeeze this earnings season thanks to cautious consumers, heavy promotions
Affordability is the primary thing consumers are considering before buying something and it could lead retailers to use discounts to woo customers.
Macy's Workshop Accelerator Program Brings New Brands And Products To Stores
Macy's announced the 2023 class of The Workshop – the retail industry's longest running accelerator program dedicated to driving growth and providing opportunity to diverse and women-owned businesses.
Remote work driving retail investment in outdoor shopping centers, says CEO Dana Telsey
Dana Telsey, CEO of the Telsey Advisory Group, joins 'The Exchange' to discuss retail leasing and occupancy numbers rising in the suburbs, a lack of new shopping center development, and the outdoor op...
Macy's Adds 10 Backstage Locations As Off-Price Sector Takes Off
Macy's says having off-price and full-price shopping in the same location gives it an edge with today's consumers.
Laser Photonics Announces First Quarter 2023 Results
ORLANDO, FL / ACCESSWIRE / May 10, 2023 / Laser Photonics Corporation (NASDAQ:LASE), ("LPC"), a leading global developer of CleanTech laser systems for laser cleaning and other material applications, ...
Evolution Petroleum Reports Fiscal Third Quarter 2023 Results and Declares Quarterly Cash Dividend for the Fiscal 2023 Fourth Quarter
HOUSTON, TX / ACCESSWIRE / May 9, 2023 / Evolution Petroleum Corporation (NYSE American:EPM) ("Evolution" or the "Company") today announced its financial and operating results for its fiscal third qua...
Macy's, Inc. to Report First Quarter 2023 Results on June 1, 2023
NEW YORK--(BUSINESS WIRE)--Macy's, Inc. to Report First Quarter 2023 Results on June 1, 2023.
Macy's moving out of shopping malls in favor of small 'Market by Macy's' stores
CNBC's Melissa Repko joins 'Power Lunch' to talk about Macy's new 'Market by Macy's' stores as the retail chain moves out of traditional shopping malls.