Macy’s Makeover Smoothes Out Earnings-Related Worry Lines for Investors

Macy’s Makeover Smoothes Out Earnings-Related Worry Lines for Investors

Macy’s had a small miracle on 34th Street: Its same-store sales rose last quarter for the first time in three years. Investors went on a shopping spree after hearing the upbeat earnings, pushing Macy’s stock yesterday to its second-biggest single-day gain ever.  The department store also seems cautiously optimistic for the holidays, raising its profit forecast for the year after cutting it last quarter. It still expects tariffs to hurt its margi…

Macy’s tops Wall Street expectations with strongest sales in 3 years

Macy’s is coming up for air, topping earnings estimates and delivering the best comparable sales jump in 12 consecutive quarters. With $4.8 billion in net sales, the retail company exceeded the company’s guidance, raising its full-year financial guidance after cutting it earlier this year, the company announced in its second quarter earnings report. In addition to is namesake brand, Bloomingdale’s and Bluemercury, both owned by Macy’s, also saw …

Macy's shares jump 20% as retailer tops earnings estimates, raises outlook

Macy's easily beat Wall Street's earnings estimates and raised its guidance as it said revamped stores saw better sales trends.

Macy’s generates strongest same-store sales growth in 12 quarters

NEW YORK – With comp gains at each of Macy’s Inc.’s retail divisions, the company delivered a second quarter of better-than-expected results. Total company sales – which include the impact of previous Macy’s store closures – declined 2.5% to $4.8 billion, with comparable sales up 0.8% on an owned basis and up 1.9% on an O+L+M (owned plus licensed plus Marketplace) basis. Within the Macy’s department store division, women’s contemporary apparel a…

Macy's soar 13% after earnings beat expectations, store revamps lifts sales