Retailers Q2 Earnings Disappoint: ETFs in Focus

12:47pm, Wednesday, 24'th Aug 2022
Total earnings from 93.9% of the sector's total market capitalization reported so far are down 21.4% on 7.9% higher revenues, with 72% beating EPS estimates and 44% beating revenue estimates.
Macy's (M) second-quarter comparable sales fell 1.5% on an owned basis and 1.6% on an owned-plus-licensed basis year over year.
The second quarter represented a step backward compared to 2021, but results still exceeded expectations.
Hopes that wealthy Americans would spend the U.S. economy out of trouble are being discarded like the unsold goods in Macy's and Nordstrom stores.
Nordstrom Inc became the latest retailer to lower its financial goals for the year, citing risks of a steeper economic downturn and slowdown in consumer spending in an after-hours release, joining
Persistent high inflation has taken a toll on shoppers, Macy's said on a conference call Tuesday following the retailer's second quarter earnings report.
Though an earnings beat like the kind Macy's (NYSE: M ) printed on Tuesday usually generates buzz, all eyes tend to focus on the forward guidance. Here, the company downgraded expectations for the ful

Macy's Rise Suggests Investors Are Delirious

01:29pm, Tuesday, 23'rd Aug 2022
Wall Street still hopes the Fed stops hiking rates to avoid recession. Value stocks like Macy's are warning of dismal days ahead.
Smaller stores for Macy's and Bloomingdale's including the first replacement in St. Louis for Macy's.
Macy's, Inc. (NYSE:M ) Q2 2022 Earnings Conference Call August 23, 2022 8:00 AM ET Company Participants Mike McGuire – Vice President and Head-Investor Relations Jeff Gennette – Chairman and Chief
Macy's Inc (NYSE: M) is up nearly 10% on Tuesday after the retailer reported market-beating results for its fiscal second quarter. Macy's Q2 earnings snapshot Net income printed at $275 million versus

Why Macy's Stock Is Popping Off Today

10:36am, Tuesday, 23'rd Aug 2022
Macy's Inc (NYSE: M) shares are trading higher by 7.12% to $20.00 Tuesday morning after the company reported better-than-expected second-quarter EPS and sales results. What Happened?
The company cut its full-year guidance due to increasing macro headwinds and pressures on the consumer.
Macy's (M) delivered earnings and revenue surprises of 17.65% and 2.18%, respectively, for the quarter ended July 2022. Do the numbers hold clues to what lies ahead for the stock?
CNBC's Courtney Reagan joins 'Squawk Box' to break down Macy's second-quarter earnings report, which beat Wall Street's estimates on the top and bottom lines.
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