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Macy's Inc (M.N)

M.N on New York Stock Exchange

15.36USD
20 Aug 2019
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Latest Key Developments (Source: Significant Developments)

Macy's Q2 Adjusted Earnings Per Share $0.28
Wednesday, 14 Aug 2019 

Macy's Inc ::MACY’S, INC. REPORTS SECOND QUARTER 2019 EARNINGS.Q2 ADJUSTED EARNINGS PER SHARE $0.28.Q2 EARNINGS PER SHARE ESTIMATE $0.45 -- REFINITIV IBES DATA.QTRLY DILUTED EPS AND ADJUSTED DILUTED EPS OF $0.28.QTRLY COMPARABLE SALES GROWTH OF 0.2% ON AN OWNED BASIS; 0.3% ON AN OWNED PLUS LICENSED BASIS.COMPANY REAFFIRMED ANNUAL SALES GUIDANCE AND LOWERED EPS GUIDANCE.COMPANY REAFFIRMED ANNUAL SALES GUIDANCE AND LOWERED EPS GUIDANCE.STRATEGIC INITIATIVES ON TRACK.HAD A SLOW START TO QUARTER AND FINISHED BELOW OUR EXPECTATIONS.QTRLY NET SALES $5,546 MILLION VERSUS $5,572 MILLION.RISING INVENTORY LEVELS IN QUARTER BECAME A CHALLENGE BASED ON A COMBINATION OF FACTORS.LOWERING ITS 2109 GUIDANCE FOR DILUTED EPS, EXCLUDING SETTLEMENT CHARGES, IMPAIRMENT AND OTHER COSTS, BY 20 CENTS.TOOK MARKDOWNS TO CLEAR EXCESS SPRING INVENTORY AND ARE ENTERING FALL SEASON WITH RIGHT INVENTORY TO MEET ANTICIPATED CUSTOMER DEMAND.MACY'S - 2019 STRATEGIC INITIATIVES ARE ON TRACK TO CONTRIBUTE TO SALES GROWTH IN BACK HALF OF YEAR, HAVE PLANS TO DRIVE PRODUCTIVITY & IMPROVE GROSS MARGINS.WE HAD SEASONAL INVENTORY CHALLENGES IN SPRING.SEES 2019 ADJUSTED EARNINGS PER SHARE $2.85 TO $3.05.2019 STRATEGIC INITIATIVES ARE ON TRACK TO CONTRIBUTE TO SALES GROWTH IN BACK HALF OF YEAR.FY EARNINGS PER SHARE VIEW $3.07, REVENUE VIEW $24.88 BILLION -- REFINITIV IBES DATA.MACY'S - FACTORS INVOLVED IN RISING INVENTORY: FASHION MISS IN KEY WOMEN'S SPORTSWEAR BRANDS, SLOW SELL-THROUGH OF WARM WEATHER APPAREL.  Full Article

Adage Capital Partners GP LLC Ups In Exxonmobil, Cuts In Goldman Sachs and Morgan Stanley
Wednesday, 14 Aug 2019 

Aug 14 (Reuters) - ADAGE CAPITAL PARTNERS GP LLC ::ADAGE CAPITAL PARTNERS GP LLC UPS SHARE STAKE IN EXXONMOBIL BY 50.2% TO 2.3 MILLION SHARES - SEC FILING.ADAGE CAPITAL PARTNERS GP LLC TAKES SHARE STAKE OF 232,656 SHARES IN MACY'S INC - SEC FILING.ADAGE CAPITAL PARTNERS GP LLC CUTS SHARE STAKE IN MORGAN STANLEY BY 50.8% TO 1.97 MILLION COMMON NEW SHARES - SEC FILING.ADAGE CAPITAL PARTNERS GP LLC REPORTS SHARE STAKE OF 200,000 CLASS A SHARES IN PINTEREST - SEC FILING.ADAGE CAPITAL PARTNERS GP LLC CUTS SHARE STAKE IN GOLDMAN SACHS GROUP BY 34.5% TO 266,600 SHARES.ADAGE CAPITAL PARTNERS GP LLC - CHANGE IN HOLDINGS ARE AS OF JUNE 30, 2019 AND COMPARED WITH THE PREVIOUS QUARTER ENDED AS OF MARCH 31, 2019.  Full Article

Macy’S Reports Q1 Adjusted EPS Of $0.44
Wednesday, 15 May 2019 

May 15 (Reuters) - Macy's Inc ::MACY’S, INC. REPORTS FIRST QUARTER 2019 EARNINGS.Q1 ADJUSTED EARNINGS PER SHARE $0.44.Q1 EARNINGS PER SHARE ESTIMATE $0.33 -- REFINITIV IBES DATA.COMPANY REAFFIRMS ANNUAL 2019 SALES AND EARNINGS GUIDANCE.REAFFIRMS ANNUAL 2019 SALES AND EARNINGS GUIDANCE.QTRLY COMPARABLE SALES GROWTH OF 0.6% ON AN OWNED BASIS; 0.7% ON AN OWNED PLUS LICENSED BASIS.2019 STRATEGIC INITIATIVES ON TRACK TO DELIVER SALES GROWTH.ON MAY 9, CO ENTERED NEW $1.5 BILLION, FIVE-YEAR CREDIT AGREEMENT THAT WILL MATURE ON MAY 9, 2024.MACY'S SAYS "MACY'S INC IS OFF TO A SOLID START THIS YEAR".QTRLY NET SALES $5,504 MILLION VERSUS $5,541 MILLION.BRICK & MORTAR SALES TREND IMPROVED SEQUENTIALLY IN Q1, SUPPORTED BY GROWTH50 STORES AND BACKSTAGE.ANOTHER QUARTER OF DOUBLE-DIGIT GROWTH IN DIGITAL BUSINESS.ON MAY 9, 2019, ENTERED INTO NEW $1.5 BILLION, FIVE-YEAR CREDIT AGREEMENT THAT WILL MATURE ON MAY 9, 2024.Q1 REVENUE VIEW $5.50 BILLION -- REFINITIV IBES DATA.FY EARNINGS PER SHARE VIEW $3.09, REVENUE VIEW $24.95 BILLION -- REFINITIV IBES DATA.  Full Article

Macy's Launches New Narrative-Driven Retail Experience In 36 Stores
Wednesday, 10 Apr 2019 

April 10 (Reuters) - Macy's Inc ::MACY'S LAUNCHES STORY, NARRATIVE-DRIVEN RETAIL EXPERIENCE IN 36 STORES NATIONWIDE.  Full Article

Paula Price Resigns From Western Digital Board
Friday, 15 Feb 2019 

Feb 15 (Reuters) - Western Digital Corp ::WESTERN DIGITAL ANNOUNCES CHANGES TO ITS BOARD OF DIRECTORS.WESTERN DIGITAL CORP - PAULA A. PRICE HAS RESIGNED FROM COMPANY'S BOARD OF DIRECTORS.WESTERN DIGITAL CORP - PAULA A. PRICE RESIGNED FROM BOARD OF DIRECTORS TO FOCUS ON HER COMMITMENTS AND OBLIGATIONS AS CFO OF MACY'S INC.WESTERN DIGITAL CORP - PRICE'S RESIGNATION WAS NOT DUE TO ANY DISAGREEMENT WITH WESTERN DIGITAL.  Full Article

Macy's Names Patti Ongman Chief Merchandising Officer
Tuesday, 12 Feb 2019 

Feb 12 (Reuters) - Macy's Inc ::MACY’S NAMES PATTI ONGMAN CHIEF MERCHANDISING OFFICER.MACY'S INC - ONGMAN SUCCEEDS JEFF KANTOR IN THIS ROLE, WHO PREVIOUSLY ANNOUNCED HIS DECISION TO RETIRE..MACY'S INC - ONGMAN WILL HAVE OVERSIGHT OF MERCHANDISING, PRIVATE BRANDS AND PLANNING FOR COMPANY'S FIVE "FAMILIES-OF-BUSINESS".  Full Article

Macy's CEO Says Testing Four Models For 'Neighborhood' Stores, With More Self-Service Options
Wednesday, 14 Nov 2018 

Nov 14 (Reuters) - Macy's Inc ::Macy's CEO - THIS YEAR WE WILL HIT $1 BILLION IN MOBILE SALES -CONF CALL.Macy's CEO - ADDED 121 BACKSTAGE LOCATIONS THIS YEAR; NOW HAVE 166 BACKSTAGE IN-STORE LOCATIONS -CONF CALL.Macy's CEO SAYS DIALING UP MARKETING FOR BACKSTAGE WITH AN EMPHASIS ON PRODUCT THAT IS OFF-PRICE -CONF CALL.Macy's - TOTAL TRANSACTIONS WERE UP 3.8 PERCENT IN Q3, REFLECTING STRONG CUSTOMER DEMAND BOTH ONLINE AND IN STORES-CONF CALL.Macy's CEO-TESTING 4 DIFFERENT INVESTMENT MODELS FOR 'NEIGHBORHOOD' STORES AIMED AT INCREASING SHOPPING EASE, MORE SELF-SERVICE OPTIONS.Macy's CEO- IN 2019, WE WILL TEST, ITERATE UNTIL WE LAND ON RIGHT FORMULA TO SCALE NEIGHBORHOOD STORES IN OUR FLEET- CONF CALL.Macy's - WEATHER IMPACTED TRAFFIC IN THE THE QUARTER. OCTOBER WAS THE BEST MONTH OF THE QUARTER- CONF CALL.Macy's - CEO ON SEARS BANKRUPTCY-WE HAVE VERY LITTLE CUSTOMER OVERLAP WITH SEARS, SO I DON'T SEE THAT AFFECTING US MUCH - CONF CALL.Macy's - CEO-"WHEN I LOOK AT SOMETHING LIKE BON-TON WHEN THAT GOES OUT OF THE MIDWEST, THAT DEFINITELY AFFECTED US"- CONF CALL.Macy's CFO - IN THE THIRD QUARTER TOURISM BUSINESS WAS DOWN 4.2 PERCENT, UP 2.5 PERCENT YEAR-TO-DATE -CONF CALL.  Full Article

Macy's Inc Reports Q3 EPS of $0.20
Wednesday, 14 Nov 2018 

Nov 14 (Reuters) - Macy's Inc ::MACY’S, INC. REPORTS THIRD QUARTER 2018 EARNINGS.QTRLY COMPARABLE SALES GROWTH OF 3.1% ON AN OWNED BASIS.COMPANY UPDATES ANNUAL GUIDANCE, INCLUDING 15 CENT INCREASE IN EARNINGS PER SHARE.COMPANY UPDATES ANNUAL GUIDANCE, INCLUDING 15 CENT INCREASE IN EARNINGS PER SHARE.STRATEGIC INITIATIVES PUT COMPANY ON TRACK TO DELIVER "STRONG HOLIDAY SEASON AND Q4".QTRLY ADJUSTED DILUTED EARNINGS PER SHARE $0.27.QTRLY REPORTED EARNINGS PER SHARE $0.20.QTRLY NET SALES $5,404 MILLION VERSUS $5,281 MILLION.SEES FY 2018 DILUTED EPS $4.10 TO $4.30.QTRLY COMPARABLE SALES GROWTH OF 3.3% ON AN OWNED PLUS LICENSED BASIS.SEES FY NET SALES UP 0.3% TO 0.7%.Q3 EARNINGS PER SHARE VIEW $0.14, REVENUE VIEW $5.40 BILLION -- THOMSON REUTERS I/B/E/S.SEES FISCAL 2018 COMPARABLE SALES (OWNED PLUS LICENSED) UP 2.3% TO UP 2.5%.SEES FY COMP SALES (OWNED) 20-30 BASIS POINTS BELOW COMPARABLE SALES ON AN OWNED PLUS LICENSED BASIS.FY EARNINGS PER SHARE VIEW $4.07, REVENUE VIEW $24.96 BILLION -- THOMSON REUTERS I/B/E/S.  Full Article

Macy’S, Inc. Improves Customer Journey With Enhanced In-Store Technology Experiences
Monday, 17 Sep 2018 

Sept 17 (Reuters) - Macy's Inc ::MACY’S, INC. IMPROVES CUSTOMER JOURNEY WITH ENHANCED IN-STORE TECHNOLOGY EXPERIENCES.MACY'S INC - WILL BE PARTNERING WITH FACEBOOK.MACY'S INC - FEATURES BEING INTRODUCED INCLUDE VIRTUAL REALITY AND AUGMENTED REALITY FURNITURE AND BEAUTY EXPERIENCES.  Full Article

Macy's Exec Says Expects To Reach $1 Bln Sales In Transactions Through Mobile App This Year
Thursday, 6 Sep 2018 

Sept 6 (Reuters) - Macy's Inc ::EXEC SAYS CO EXPECTS TO REACH $1 BILLION SALES IN TRANSACTIONS THROUGH MOBILE APP THIS YEAR - GOLDMAN SACHS CONF.EXEC SAYS MOBILE CHECKOUT WILL BE IN ALMOST EVERY ONE OF CO'S STORES BY THE END OF OCTOBER OR Q3 - GOLDMAN SACHS CONF.EXEC - WE'RE ALSO VERY ENCOURAGED TO SEE IMPROVED TREND LINES IN OUR BRICK-AND-MORTAR BUSINESS - GOLDMAN SACHS CONF.EXEC SAYS HAVE LESS CARRYOVER INVENTORY AND EXPECT THAT TO CONTINUE THROUGH BALANCE OF THE YEAR - GOLDMAN SACHS CONF.EXEC SAYS BACKSTAGE STORES HAVE OPPORTUNITY TO BUILD AND GROW TRAFFIC OVER TIME - GOLDMAN SACHS CONF.EXEC - DIGITAL BUSINESS RELATED SHIPPING COSTS WILL RISE AS BUSINESS SEASONALITY INCREASES OVER BACK HALF OF THE YEAR - GOLDMAN SACHS CONF.EXEC - WE EXPECT OUR GROSS MARGINS TO EXPAND YEAR-OVER-YEAR - GOLDMAN SACHS CONF.  Full Article

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TJX posts rare same-store sales miss as competition stiffens

TJX Cos Inc forecast third-quarter profit below expectations and reported quarterly same-store sales that missed estimates for the first time in more than a year, as the discount store operator faces intense competition from online and other retailers.