Retailers Sound Alarm of a Consumer Slowdown

05:41pm, Tuesday, 22'nd Aug 2023
Macy's, Target, and Home Depot warned discretionary purchases were slowing. It's a downcast backdrop for retailers reporting later this week.
Macy's Inc (NYSE: M) ended 15% down on Tuesday even though its adjusted per-share earnings came in well ahead of Street estimates in its second financial quarter. Macy's did not lift its future guidan

Why Macy's Stock Plunged Today

04:00pm, Tuesday, 22'nd Aug 2023
Macy's delivered better-than-feared second-quarter results early this morning. Despite the beat, however, the iconic department store chain merely reiterated its previous full-year guidance given unce

Macy's Q2 earnings biggest takeaways

03:12pm, Tuesday, 22'nd Aug 2023
Yahoo Finance reporter Brooke DiPalma breaks down the latest earnings report from Macy's.
Macy's CEO Jeff Gennette said the smaller strip mall stores showed year over year growth, as the company's earnings report sent its stock tumbling.
Macy's (M) sales beat estimates in the second quarter of fiscal 2023. However, it reports soft sales due to an 8.2% comps decline on an owned basis.
Macroeconomic concerns hurt the stock market on Tuesday. Dick's Sporting Goods stock plunged as earnings felt the impact of rising theft levels.

Macy's CEO Sees Headwinds Growing for Retailer

12:32pm, Tuesday, 22'nd Aug 2023
Macy's Inc. comparable sales beat analyst expectations, but a significant drop from a year ago shows that department store customers are pulling back on purchases. Shares plunged in early trading.
Macy's, Inc. (NYSE:M ) Q2 2023 Earnings Conference Call August 22, 2023 8:00 AM ET Company Participants Pamela Quintiliano - Vice President of Investor Relations Jeff Gennette - Chairman and Chief Exe
Macy's CEO Jeff Gennette joins 'Squawk on the Street' to discuss the company's quarterly earnings results, why the company didn't raise the full-year earnings forecast, the state of the consumer, and

Macy's +100% EPS, Falls -8%; DKS -20% on Q2

11:17am, Tuesday, 22'nd Aug 2023
The department store giant brought in 26 cents per share versus estimates of 13 cents, on revenues totaling $5.13 billion, above the $5.06 billion expected.
Macy's said US consumers have less cash to spend, and are choosing experiences over products. Lowe's said homeowners are doing well, but fewer are taking on projects themselves.
The headline numbers for Macy's (M) give insight into how the company performed in the quarter ended July 2023, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and
Retail giants Dick's Sporting Goods Inc (NYSE:DKS) and Macy's Inc (NYSE:M) are fresh off the earnings confessional.
Macy's (M) came out with quarterly earnings of $0.26 per share, beating the Zacks Consensus Estimate of $0.13 per share. This compares to earnings of $1 per share a year ago.
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