Rating and Investment Approach - The analyst initially gave a hold rating to Macy's Inc in September due to lack of visibility on positive growth inflection and near-term uncertainties [1] - The analyst's investment approach combines value investing principles with a focus on long-term growth, aiming to buy quality companies at a discount to their intrinsic value and hold them for long-term compounding of earnings and shareholder returns [1]

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 ________________________________ FORM 10-Q ________________________________ x QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended November 2, 2024. OR o TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission file number: 1-13536 ________________________________ Macy's, Inc. ( ...

Macy's has revealed a concealed delivery cost of over $150 million. (Photo by Michael M. ... [+] Santiago/Getty Images)Getty Images Department store chain Macy’s was left reeling this week after the results of an embarrassing accountancy investigation revealed tens of millions of dollars in undeclared costs.As a result, Macy's - which also owns Bloomingdale's and Bluemercury - was forced to slash its annual profit outlook after discovering that a former employee had concealed more than $150 million in deliv ...

Macy’s, Inc. (M) reported third-quarter fiscal 2024 results, wherein the top line surpassed the Zacks Consensus Estimate but the bottom line lagged the same. Both revenues and earnings decreased from the year-ago quarter’s reported figures. Comparable sales (comps) fell on an owned-plus-licensed-plus-marketplace.Macy's strategic initiatives for fiscal 2024 focus on executing its "Bold New Chapter" strategy, which includes strengthening the Macy's brand through investments in staffing and merchandising, acce ...

Macy's, which launched a comprehensive strategy to revive its struggling business, announced Wednesday that it is accelerating its planned store closures for the year. CEO Tony Spring told analysts during an earnings call that Macy’s now expects to close about 65 locations this year, up from its previous forecast of 50 announced at the start of the year.However, Spring added that the "closures will occur post holiday."  The company is still on track with its plans to close 150 locations over three years as ...

Will Macy’s Bold New Chapter strategy be enough to save the iconic company and return it to profitable growth?Macy’s is facing a challenging period marked by declining sales, changing consumer habits and pressure from activist investors calling for a fiscal overhaul. In recent years, the company has dealt with falling revenue and a drop in foot traffic to its stores, as well as the influence of eCommerce competitors. Additionally, most of its new customers are arriving through digital means. At the same tim ...

U.S. stocks traded higher midway through trading, with the Nasdaq Composite gaining more than 300 points on Wednesday.The Dow traded up 0.49% to 44,296.79 while the NASDAQ rose 1.70% to 20,022.55. The S&P 500 also rose, gaining, 0.89% to 6,088.63.Check This Out: Top 3 Health Care Stocks That May Collapse This QuarterLeading and Lagging SectorsCommunication services shares jumped by 3.1% on Wednesday.In trading on Wednesday, health care shares fell by 1%.Top HeadlineMacy's Inc M reported third-quarter sales ...

macys inc ★macy's blomingdales BLUEMERCURY 3Q24 Earnings December 11, 2024 Safe Harbor Statement All statements in this presentation that are not statements of historical fact are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Such statements are based upon the current beliefs and expectations of Macy's, Inc.'s management and are subject to significant risks and uncertainties. Actual results could differ materially from those expressed in or implied by ...

Macy's, Inc. (NYSE:M) Q3 2024 Earnings Conference Call December 11, 2024 8:00 AM ET Company Participants Pamela Quintiliano - VP of IR Tony Spring - Chairman & CEO Adrian Mitchell - COO & CFO Conference Call Participants Matthew Boss - JPMorgan Chase Brooke Roach - Goldman Sachs Blake Anderson - Jefferies Dana Telsey - Telsey Advisory Group Oliver Chen - TD Cowen Michael Binetti - Evercore ISI Bob Drbul - Guggenheim Partners Paul Lejuez - Citi Alex Straton - Morgan Stanley Jay Sole - UBS Operator Greetings ...

Macy's provided an update on the former employee who was responsible for hiding approximately $151 million of cumulative delivery expenses over the past three years.  "We’ve concluded our investigation and are strengthening our existing controls and implementing additional changes designed to prevent this from happening again and demonstrate our strong commitment to corporate governance," Macy's CEO Tony Spring said in a statement. Ticker Security Last Change Change % M MACY'S INC. 16.16 +0.18 +1.16% One ...