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Macys

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Macy’s beats Q4, braces for a cautious 2025 amid store refresh
business24 days 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
business2 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
business4 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
Macy's Shares Surge on Strong Q2 Performance and Strategic Turnaround
business7 months ago

Macy's Shares Surge on Strong Q2 Performance and Strategic Turnaround

Macy's stock surged nearly 21% after beating Q2 earnings estimates and reporting the best comparable sales growth in 12 quarters, leading to an upward revision of its full-year guidance despite a slight decline in net sales and earnings. The stock's move above its 200-day moving average marks a significant technical milestone after a period of decline.

via Investor's Business Daily|
#business#comparable-sales#full-year-guidance
Macy's Beats Earnings, Raises Full-Year Guidance Amid Mixed Sales
business7 months ago

Macy's Beats Earnings, Raises Full-Year Guidance Amid Mixed Sales

Macy's shares surged 10% after surpassing earnings estimates and raising its full-year outlook, driven by successful store renovations, strong sales in key segments, and a resilient consumer despite tariffs. The company reported better-than-expected Q2 earnings, with improved comparable sales in select stores and growth in its other brands, indicating a positive outlook for the future.

via CNBC|
#business#earnings#guidance
Macy's Adjusts Outlook Amid Tariff Challenges Despite Strong Sales
business10 months ago

Macy's Adjusts Outlook Amid Tariff Challenges Despite Strong Sales

Macy's has lowered its full-year profit outlook due to tariffs imposed by the Trump administration, which, along with declining consumer spending and increased competition, have negatively impacted the retailer's performance. Despite ongoing store closures and strategic improvements, tariffs on Chinese imports remain a significant challenge for Macy's and other retailers.

via ABC News|
#business#consumer-spending#macys
Macy’s Stock Rises Despite Profit Outlook Cut Amid Strong Sales
business10 months ago

Macy’s Stock Rises Despite Profit Outlook Cut Amid Strong Sales

Macy's has lowered its full-year profit guidance due to increased tariffs, promotional activities, and cautious consumer spending, despite beating quarterly earnings expectations. The retailer is focusing on restructuring, closing underperforming stores, and investing in stronger segments like Bloomingdale's and Bluemercury, amid economic uncertainties and tariff impacts. Shares rose slightly despite the outlook cut, reflecting investor optimism about strategic initiatives.

via CNBC|
#business#macys#profit-outlook