MACY'S INC (M) Stock News
NYSE:M - New York Stock Exchange, Inc. - US55616P1049 - Common Stock - Currency: USD
M Latest News, Press Releases and Analysis
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Macy's Stock Dips After Lower Sales Outlook: Retail Mood Sours
The company now expects fourth-quarter 2024 adjusted diluted earnings per share to be in-line with its previously issued range of $1.40 to $1.65
Why Macy's (M) Stock Is Down Today
Shares of department store chain Macy’s (NYSE:M) fell 7.3% in the afternoon session after the company disclosed disappointing preliminary fourth-quarter results, projecting sales to fall just below the lower end of its earlier forecast of $7.8 billion to $8.0 billion. Notably, same-store sales are expected to remain flat compared to the previous year. In addition, earnings are expected to remain within the previous range of $1.40 to $1.65. Overall, the results were underwhelming, given the some high expectations for holiday season spending. However, Macy's wasn't the only one to report weak holiday demand, as Five Below and Abercrombie & Fitch also didn't see the success that the market expected.
Why Is Department Store Chain Macy's Stock Sliding Today?
Macy’s, Inc. (NYSE:M) shares are trading lower in premarket on Monday after the Department store chain provided an update on its fiscal fourth-quarter guidance. The company expects fourth-quarter net sales to reach, or slightly fall below, the lower end of the previously projected outlook of $7.8 billion – $8.0 billion and compared to the estimate of $7.885 billion. The company now anticipates its adjusted earnings per share for the fourth quarter to remain within its earlier forecast of $1.40 –
Why Is Department Store Chain Macy's Stock Sliding Today?
Macy's updates its fiscal Q4 guidance, revealing strong growth in its First 50 stores and luxury segments, while non-First 50 locations underperformed. The company sees net sales near the lower end of $7.8 billion to $8.0 billion.
Macy’s, Inc. Provides Fourth Quarter 2024 Update
Macy’s Trims Sales Outlook After Holidays Didn’t Deliver
Macy’s Inc. issued a slightly more downbeat outlook for sales in the current quarter, a sign that executives might have been too optimistic about their expectations for a solid holiday shopping season.
Macy's, Inc. Confirms Planned Macy's Store Closures
Macy’s, Inc. to Participate in the 2025 ICR Conference
Macy’s, Inc. Appoints Robert Chavez to Board of Directors
The Nordstrom Tale
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MACY'S INVESTIGATION INITIATED BY FORMER LOUISIANA ATTORNEY GENERAL: Kahn Swick & Foti, LLC Investigates the Officers and Directors of Macy's, Inc. - M
/PRNewswire/ -- Former Attorney General of Louisiana, Charles C. Foti, Jr., Esq., a partner at the law firm of Kahn Swick & Foti, LLC ("KSF"), announces that...
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