Macy`s Inc
- Macy's Inc. gained 0.1% to $19.13 after the department store chain reported better-than-expected quarterly results.
Net sales in the first quarter declined 2.7% to $4.84 billion from $4.98 billion, net income dropped to $62 million from $155 million, and diluted earnings per share fell to 22 cents from 55 cents a year ago.
The retailer tightened its annual sales range to between $22.3 billion and $22.9 billion from the previous estimate of between $22.2 billion and $22.9 billion.
The company also lifted its adjusted diluted earnings per share range to between $2.55 and $2.90 from the $2.45 and $2.85 range released on February 27.
May 21, 2024 - Macy's Inc. increased 4.3% to $18.39 after the department store chain rejected a $5.8 bid by a consortium of investors, citing the offer was not financially attractive and lacked credible financing.
Ark House and Brigade Capital Management proposed to acquire shares in the company for $21 per share.
Jan 22, 2024 - Macy's jumped 8.2% to $13.64 after the apparel retailer reported better-than-expected earnings because of a decline in inventories and higher margins.
Revenue in the quarter declined 7% to $4.9 billion from $5.2 billion, net income dropped to $43 million from $108 million, and diluted earnings per share fell to 15 cents from 39 cents a year ago.
Fewer discounts in the quarter improved gross margin to 40.3% from 38.7% a year ago.
The retailer tightened its full-year sales outlook and estimated fiscal year 2023 sales between $22.9 billion and $23.2 billion, up from the previous estimated range between $22.8 billion and $23.2 billion.
The company also guided comparable sales, including license sales, to decline between 7% and 6%, compared to the previous estimate between 7.5% and 6%.
The company revised its adjusted diluted earnings per share range to between $2.88 and $3.13 from the previously estimated range of between $2.70 and $3.20.
Nov 16, 2023 - Macy's Inc declined 0.5% to $11.49 after the department store operator said it plans to open 30 smaller stores in strip malls over the next two years.
The retailer hopes that smaller stores with limited merchandise and modern look will appeal to younger customers who do not frequent large malls.
Oct 3, 2023 - Macy's Inc declined 4.8% to $12.94 after the company reported weak quarterly results and lowered its annual outlook citing macroeconomic headwinds.
Net sales in the quarter declined 7% to $4.98 billion from $5.4 billion and net income plunged to $155 million from $286 million and diluted earnings per share fell to 56 cents from 98 cents a a year ago.
Digital sales declined 8% and retail store sales fell 6% from a year ago.
Comparable store sales at locations owned by the company declined 7.9% and fell 7.2% including licensed sales.
The company lowered its full-year revenue estimate to between $22.8 billion from $23.2 billion from between $23.7 billion and $24.2 billion in the previous estimate.
Jun 1, 2023
| Year | May | Aug | Nov | Feb | Annual | |
|---|---|---|---|---|---|---|
| 2023 | 1.83 | 0.56 | -0.08 | 0.15 | - | |
| 2022 | 2.39 | 0.98 | 0.99 | 0.39 | 4.19 | |
| 2021 | 0.53 | 0.32 | 1.08 | 0.76 | 4.55 | |
| 2020 | 1.08 | -11.53 | -1.39 | -0.29 | -12.68 | |
| 2019 | 2.38 | 0.44 | 0.28 | 0.01 | 1.81 | |
| 2018 | 4.38 | 0.45 | 0.53 | 0.2 | 3.56 | |
| 2017 | 2.02 | 0.24 | 0.48 | 0.23 | 2.97 | |
| 2016 | 2.09 | 0.40 | 0.54 | 0.17 | 3.2 | |
| 2015 | 2.44 | 0.56 | 0.64 | 0.56 | 4.2 | |
| 2014 | 0.60 | 0.80 | 0.61 | 2.12 | 3.86 | |
| 2013 | 0.55 | 0.72 | 0.47 | 1.78 | 3.24 | |
| 2012 | 0.43 | 0.67 | 0.36 | 1.75 | 2.92 | |
| 2011 | 0.30 | 0.55 | 0.32 | 1.56 | 1.98 | |
| 2010 | 0.05 | 0.35 | 0.02 | 1.05 | 0.78 | |
| 2009 | -0.21 | 0.02 | -0.08 | -11.27 | -11.34 | |
| 2008 | -0.14 | 0.17 | -0.10 | 1.65 | 1.97 | |
| 2007 | 0.08 | 0.16 | 0.08 | 1.34 | 1.81 | |
| 2006 | -0.09 | 0.57 | -0.01 | 1.74 | 3.24 | |
| 2005 | 0.18 | 0.42 | 0.90 | 1.24 | 1.93 |