Macy's Aktie News

Despite positive sentiment following Nvidia's (NASDAQ: NVDA ) earnings, investors are looking for overvalued stocks to sell as signs of excess optimism start to show. The latest U.S. Purchasing Managers' Index (PMI) surveys came in hotter than expected, showing that both manufacturing and services inflation remained high.

Macy's NYSE: M is an iconic retail sector company known for its expansive department store presence. Macy's earnings report for the first quarter of 2024 was released, offering a look into its evolving strategy and performance in a changing retail landscape.

Macy's Inc. (NYSE: M) proved once again that it is more like JCPenney or Sears than it is Walmart.

Starting sometime in its last fiscal year, amid a prolonged stretch of weaker demand, Macy's Inc. began using a handful of stores to try out new ideas based on feedback from shoppers. In February, after encouraging results, executives said they had expanded that trial run to 50 stores — part of a program they began calling “First 50” — bringing in more appealing displays and adding staff in its...

Economic pressures are driving shoppers to scrutinize their discretionary spending more carefully, according to Macy's, with even high-income customers showing increased selectivity in their purchases of luxury items.

Macy's, Inc. (NYSE:M ) Q1 2024 Earnings Call Transcript May 21, 2024 8:00 AM ET Company Participants Pamela Quintiliano - VP of IR Tony Spring - Chairman and CEO Adrian Mitchell - COO and CFO Conference Call Participants Matthew Boss - JPMorgan Chase Warren Cheng - Evercore ISI Ashley Helgans - Jefferies Tracy Kogan - Citi Dana Telsey - Telsey Advisory Group Chuck Grom - Gordon Haskett Oliver C...

Macy's, Inc. (NYSE:M) reported better-than-expected earnings for the first quarter which saw the department store operator raise its full year outlook.   It reported adjusted earnings per share (EPS) of $0.27, down from $0.56 in the year-ago quarter but ahead of Wall Street estimates of $0.18.

An embolden Tony Spring, Chairman and CEO of Macy's, clearly defined the future by indicating that he was encouraged by the consumer's response to Macy's bold New Chapter strategy. In the first quarter it resulted in results near the high-end of expectation.