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Macys

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Berkshire reshapes bets: Delta returns, Macy’s tiny stake, and Japan gains
businessinvesting3 days 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
business8 days 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
business2 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
business4 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
business5 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
business8 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
business8 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