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Macy's gains momentum as earnings beat estimates and outlook improves
business29 days ago

Macy's gains momentum as earnings beat estimates and outlook improves

Macy’s posted a strong Q2 with 2.7% same-store sales growth led by Bloomingdale’s and Bluemercury, and adjusted EPS of $0.63 beating estimates helped by roughly $0.23 per share in tariff refunds; net sales reached $4.87 billion. The company plans to reinvest most of the tariff refunds ($96 million) and lift full-year guidance to net sales of $21.6–$21.8 billion, 1.0%–1.5% same-store growth, and adjusted EPS of $2.15–$2.35 as its Bold New Chapter strategy continues (store closures and brand investments).

via Yahoo Finance|
#business#earnings#guidance-raise
Macy's rides Q2 momentum, lifts full-year outlook on turnaround
business29 days ago

Macy's rides Q2 momentum, lifts full-year outlook on turnaround

Macy’s reported a stronger Q2 with total comparable sales up 2.7% (flagship +1.1%), led by reimagined stores; Bloomingdale’s comps rose 11.3% and Bluemercury 6.2%. Revenue was $4.87B with net income of $169M and adjusted EPS of 40 cents. The firm raised full-year guidance to net sales of $21.68–$21.83B, comps of 1%–1.5%, and EPS of $2.15–$2.35, aided by roughly $0.05 per share from tariff refunds (~$116M) to be reinvested in the customer experience and turnaround plan.

via CNBC|
#business#earnings#guidance
Macy’s 2026 Fourth of July Fireworks: Free streaming, star lineup, and NYC viewing tips
entertainment3 months ago

Macy’s 2026 Fourth of July Fireworks: Free streaming, star lineup, and NYC viewing tips

Macy’s annual Fourth of July fireworks will air on NBC from 8–10 p.m. ET with a pre-show hosted by Terry Crews and performances by Post Malone, Noah Kahan, Salt-N-Pepa, Shaboozey and Bebe Rexha. For cord-cutters, free streaming options include DIRECTV’s five‑day trial with NBC, Peacock live streaming, and a seven‑day Prime Video trial. In NYC, viewing spots line the East and Hudson Rivers, with public areas along the FDR Drive; the event requires a large crew (about 75 people, up to 12 days to prepare) and is rare for both rivers to be show at once. Macy’s will post viewing details on its site.

via Page Six|
#entertainment#fireworks#fourthofjuly
Macy’s lifts full-year outlook after solid Q1, driven by store upgrades
business4 months ago

Macy’s lifts full-year outlook after solid Q1, driven by store upgrades

Macy’s posted stronger-than-expected fiscal Q1 results with 3% comparable sales growth and revenue of $4.68 billion, prompting an upgrade of full-year guidance to net sales of $21.5–$21.75 billion and EPS of $2.00–$2.20. Bloomingdale’s led with 10.2% comps, while the turnaround focuses on investing in staffing and assortments to improve the customer experience. The company also noted momentum into Q2 despite macro uncertainty, with adjusted EPS of 13 cents and net income of $63 million for the quarter.

via CNBC|
#bloomingdales#business#earnings
Berkshire reshapes bets: Delta returns, Macy’s tiny stake, and Japan gains
businessinvesting4 months ago

Berkshire reshapes bets: Delta returns, Macy’s tiny stake, and Japan gains

Berkshire Hathaway’s Q1 13F shows a smaller, more selective portfolio with Delta Air Lines returning to the mix and Macy’s taking a very small stake, while Buffett’s investment influence remains, as Greg Abel leads portfolio decisions. Delta is valued around $3 billion after a rally, Macy’s stake has risen to about $63 million, and Berkshire has boosted positions in Japan (Mitsubishi and Sumitomo), contributing to a disclosed total of about $46 billion across six holdings.

via CNBC|
#13f-filing#berkshire-hathaway#businessinvesting
Buffett’s Quiet Macy’s Bet Emerges in Berkshire’s Q1 Filing
business4 months ago

Buffett’s Quiet Macy’s Bet Emerges in Berkshire’s Q1 Filing

Berkshire Hathaway disclosed a roughly $55 million stake in Macy’s in the first quarter—a “tiny purchase” Warren Buffett suggested in March—though the filing covers only U.S.-listed holdings. The quarter also included a much larger $2.6 billion stake in Delta Air Lines, and Berkshire may have non-listed or international positions not shown in the filing. Buffett, who stepped down as CEO in 2026, remains actively involved in investment decisions, coordinating with Mark Millard as Greg Abel leads daily operations. The firm also sold Mastercard and Visa as it unwinds Todd Combs’ holdings.

via CNBC|
#berkshire-hathaway#business#delta-air-lines
Macy’s beats Q4, braces for a cautious 2025 amid store refresh
business6 months ago

Macy’s beats Q4, braces for a cautious 2025 amid store refresh

Macy’s topped Q4 estimates with adjusted EPS of $1.67 on $7.64B revenue and full-year comparable sales up 1.5%, led by Bloomingdale’s and Bluemercury. The retailer issued a cautious 2025 outlook, guiding sales of $21.4–$21.65B and adjusted EPS of $1.90–$2.10 as macro headwinds—gas prices, tariffs, geopolitical risk—loom over discretionary spend, while the company continues its plan to close about 150 Macy’s stores as part of its Bold New Chapter store-refresh strategy.

via CNBC|
#business#earnings#macys
Macy’s Gains Steam as Saks Falls Into Bankruptcy, Reshaping Luxury Dept. Stores
business8 months ago

Macy’s Gains Steam as Saks Falls Into Bankruptcy, Reshaping Luxury Dept. Stores

Saks Global’s bankruptcy creates a window of opportunity for Macy’s and Bloomingdale’s, which have been outperforming the broader luxury‑retail downturn. As Saks’ struggles potentially divert inventory and customers, Macy’s turnaround—driven by tighter store footprints, stronger leadership under Tony Spring, and first-year sales growth that beat expectations—has momentum. Analysts say sustaining gains will hinge on fundamentals like customer service and inventory discipline, even as e‑commerce and the booming secondhand luxury market continue to reshape the department‑store model and Saks could still emerge from bankruptcy.

via CNN|
#bloomingdales#business#department-stores
Macy’s Surges in Profit and Outlook Amid Holiday Resilience
business10 months ago

Macy’s Surges in Profit and Outlook Amid Holiday Resilience

Macy's reported its strongest sales growth in over three years, beating expectations and raising its full-year outlook, though it remains cautious about holiday season spending due to economic pressures and higher tariffs. The company is investing in store improvements and closing underperforming locations to revitalize its core business, with positive early signs from Black Friday sales.

via CNBC|
#business#holiday-outlook#macys