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• Macy's declined 10.5% to $14.92 after the department store chain cut its full-year earnings estimate. 
  
  The company lowered its adjusted earnings per share to range between $2.25 and $2.50 from the previous estimate between $2.55 and $2.90. 
  
  However, the company revised its full-year sales to fall between $22.3 billion and $22.5 billion from the previous estimate between $22.1 billion and $22.4 billion. 
  
  Dec 11, 2024
• Macy's declined 10.5% to $14.92 after the department store chain cut its full-year earnings estimate. 
  
  The company lowered its adjusted earnings per share to range between $2.25 and $2.50 from the previous estimate between $2.55 and $2.90. 
  
  However, the company revised its full-year sales to fall between $22.3 billion and $22.5 billion from the previous estimate between $22.1 billion and $22.4 billion.  Less
  
  Dec 11, 2024


• Macy's declined 1.6% to $16.10 after the department store retailer delayed the release of its third quarter results by December 11. 
  
  Macy’s, Inc. net sales decreased 2.4% to $4.74 billion, with comparable sales down 2.4% on an owned basis and down 1.3% on an owned-plus-licensed-plus-marketplace basis. 
  
  Macy's net sales were down 3.1% and comparable sales fell 3.0%; Bloomingdale's net sales rose 1.4% and comparable sales up 1.0%; and Blue Mercury net sales were up 3.2% and comparable sales advanced 3.3%. 
  
  The company said it identified a si More
  
  Nov 25, 2024
• Macy's declined 1.6% to $16.10 after the department store retailer delayed the release of its third quarter results by December 11. 
  
  Macy’s, Inc. net sales decreased 2.4% to $4.74 billion, with comparable sales down 2.4% on an owned basis and down 1.3% on an owned-plus-licensed-plus-marketplace basis. 
  
  Macy's net sales were down 3.1% and comparable sales fell 3.0%; Bloomingdale's net sales rose 1.4% and comparable sales up 1.0%; and Blue Mercury net sales were up 3.2% and comparable sales advanced 3.3%. 
  
  The company said it identified a single employee with responsibility for small package delivery expense accounting intentionally made erroneous accounting accrual entries. This accounted to approximately $132 to $154 million of cumulative delivery expenses from the fourth quarter of 2021 through fiscal third quarter ended November 2, 2024. 
  
  During this same time period, the company recognized approximately $4.36 billion of delivery expenses. 
  
  There is no indication that the erroneous accounting accrual entries had any impact on the company’s cash management activities or vendor payments, and the employee is no longer with the company. 
  
  Nordstrom and Dell Technologies are among the leading companies scheduled to release earnings this week.  Less
  
  Nov 25, 2024

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