Macy's Inc (NYSE: M) had an “encouraging quarter” even though its sales declined another 2.7% on a year-over-year basis, says Bob Drbul – a Guggenheim Securities analyst.

Macy's Stock Pops After Beat-and-Raise

09:59am, Tuesday, 21'st May 2024
Retail concern Macy's Inc (NYSE:M) stepped into the earnings confessional this morning, where it reported better-then-expected first-quarter earnings and raised its full-year guidance.
Macy's (M) came out with quarterly earnings of $0.27 per share, beating the Zacks Consensus Estimate of $0.18 per share. This compares to earnings of $0.56 per share a year ago.
Bob Drbul, Guggenheim Securities equity research analyst, joins 'Squawk Box' to discuss Macy's quarterly earnings results, how the company's restructuring efforts are going, and more.
Chuck Grom, senior retail analyst at Gordon Haskett, examines first-quarter earnings from Macy's Inc. and Lowe's Co.'s and what they say about the US consumer. -------- More on Bloomberg Television an
Shares of Macy's Inc. M rallied 2.4% in premarket trading Tuesday, after the department store chain reported fiscal first-quarter results that beat expectations and nudged up its full-year outlook. Ne
Macy's posted a bigger-than-expected drop in first-quarter sales on Tuesday, hobbled by stiff competition from off-price retailers for shoppers increasingly cautious about spending on products such as
Macy's beat earnings estimates as the department store operator moves to close about 150 namesake locations and open new Bloomingdale's and Bluemercury stores.

Macy's, Inc. Reports First Quarter 2024 Results

06:55am, Tuesday, 21'st May 2024
NEW YORK--(BUSINESS WIRE)--Macy's, Inc. Reports First Quarter 2024 Results.
Monday, May 20th, 2024 Record-high closes on the Dow take a break today. After opening the first session of the trading week higher, the blue-chip index slipped into the red around lunchtime and was n
Jeff Kilburg, KMM Financial founder and CEO, joins CNBC's 'The Exchange' to discuss three trades: Palo Alto Networks, Zoom, and Macy's.
Baby Boomers make up a sizeable chunk of the retailers' shoppers and investors aren't convinced that Gen Z and Millennials will age into shopping at the stores.
Blowout results for Nvidia Corp., the S&P 500 index's biggest profit driver, have become part of the ritual when the chip maker reports quarterly results.
CNBC's Jim Cramer highlighted earnings reports from Palo Alto Networks, Toll Brothers, Ross Stores and Deckers Outdoor.
Looking beyond Wall Street's top -and-bottom-line estimate forecasts for Macy's (M), delve into some of its key metrics to gain a deeper insight into the company's potential performance for the quarte
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