by Mike Duff | Jan 9, 2023 | Retail Articles
Prior to its January 9 presentation at the 2023 ICR Conference in Orlando, Macy’s provided updates to its fiscal fourth quarter sales and adjusted EPS guidance provided on its November 17, 2022 earnings call, with net sales expected to come in at the low-end to...
by Mike Duff | Nov 17, 2022 | Retail Articles
The luxury customer gave Macy’s a boost in the third quarter as the company’s prospects evolve given opportunities to leverage its upscale store concepts and execute against its omnichannel strategy with a mix of online and brick-and-mortar initiatives. Net income was...
by Mike Duff | Nov 7, 2022 | Retail Articles
In an initiative to support diverse-owned and underrepresented businesses, Macy’s has announced a new program designated S.P.U.R. Pathways: Shared Purpose, Unlimited Reach, which includes a multiyear, multifaceted funding program to advance entrepreneurial growth,...
by Mike Duff | Aug 23, 2022 | Featured News, Retail Articles
Macy’s got dinged by macroeconomic and retail trends in the second quarter even as it topped Wall Street estimates, and now it is working to position itself for a strong holiday season. Macy’s net income in the quarter was $275 million, or 99 cents per diluted...
by Mike Duff | May 26, 2022 | Retail Articles
Macy’s posted solid gains in the first quarter beating analyst sales and earnings estimates and posting double-digit comparable sales gains. Macy’s posted a first-quarter net income of $286 million, or 98 cents per diluted share, versus $103 million, or 32 cents per...
