News
- Macy's declined 1.6% to $16.10 after the department store retailer delayed the release of its third quarter results by December 11.
Macy’s, Inc. net sales decreased 2.4% to $4.74 billion, with comparable sales down 2.4% on an owned basis and down 1.3% on an owned-plus-licensed-plus-marketplace basis.
Macy's net sales were down 3.1% and comparable sales fell 3.0%; Bloomingdale's net sales rose 1.4% and comparable sales up 1.0%; and Blue Mercury net sales were up 3.2% and comparable sales advanced 3.3%.
The company said it identified a single employee with responsibility for small package delivery expense accounting intentionally made erroneous accounting accrual entries. This accounted to approximately $132 to $154 million of cumulative delivery expenses from the fourth quarter of 2021 through fiscal third quarter ended November 2, 2024.
During this same time period, the company recognized approximately $4.36 billion of delivery expenses.
There is no indication that the erroneous accounting accrual entries had any impact on the company’s cash management activities or vendor payments, and the employee is no longer with the company.
Nordstrom and Dell Technologies are among the leading companies scheduled to release earnings this week.
Nov 25, 2024 - Macy's Inc. gained 0.1% to $19.13 after the department store chain reported better-than-expected quarterly results.
Net sales in the first quarter declined 2.7% to $4.84 billion from $4.98 billion, net income dropped to $62 million from $155 million, and diluted earnings per share fell to 22 cents from 55 cents a year ago.
The retailer tightened its annual sales range to between $22.3 billion and $22.9 billion from the previous estimate of between $22.2 billion and $22.9 billion.
The company also lifted its adjusted diluted earnings per share range to between $2.55 and $2.90 from the $2.45 and $2.85 range released on February 27.
May 21, 2024
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Price
- Last Close
-
$ 15.58
1.5 %
+0.23
Aug 29, 2024
- Trading Volume
- 191,718
- 52-Week High/Low
- $22 - $11
- Market Cap Full
- $ 4.3B
- YTD
- -23%
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| 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Q1 | -0.7% | -15.4% | -7.2% | 35.6% | -5% | -19.3% | 19.6% | -16.3% | 27.1% | -0.8% | - |
| Q2 | -2.4% | -8.2% | -25.1% | 17.1% | 4% | -11.6% | 30.1% | -20.3% | -22.9% | 4.5% | - |
| Q3 | - | -27.6% | -14.5% | 20.2% | 8% | -28.7% | -4% | -4.5% | 11.4% | -23.5% | - |
| Q4 | - | 74.1% | 31.8% | 15.7% | 108.8% | 10.7% | -13.2% | 22.4% | -2.4% | -31.2% | - |
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M
| J | F | M | A | M | J | J | A | S | O | N | D | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | -9.1% | -4.7% | 14.6% | -4.6% | - | - | - | - | - | - | - | - |
| 2023 | 14.4% | -13.4% | -14.6% | -6.5% | -16.9% | 18.1% | 3.4% | -26.3% | -5% | 4.8% | 30.4% | 26.9% |
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| 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| M | -23% | -3% | -22% | 121% | -30% | -43% | 24% | -25% | 7% | -45% | 26% |
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52 Week
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Annual
Earnings
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Trading Volume
Dividend +
| 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|
| Q1 | 0.17 | 0.16 | 0.15 | 0.15 | 0.38 | 0.38 |
| Q2 | 0.17 | 0.17 | 0.16 | - | 0.38 | 0.38 |
| Q3 | 0.17 | 0.17 | 0.16 | - | - | 0.38 |
| Q4 | 0.17 | 0.17 | 0.16 | - | - | 0.38 |
| A | 0.68 | 0.67 | 0.63 | 0.15 | 0.76 | 1.52 |