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Macy's Inc (M.N)

M.N on New York Stock Exchange

23.31USD
22 Mar 2019
Change (% chg)

$-0.72 (-3.00%)
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Latest Key Developments (Source: Significant Developments)

Macy's Qtrly Adjusted Diluted Earnings Per Share $2.73
Tuesday, 26 Feb 2019 

Feb 26 (Reuters) - Macy's Inc ::MACY’S, INC. REPORTS FOURTH QUARTER AND FISCAL YEAR 2018 EARNINGS AND PROVIDES 2019 GUIDANCE.COMPANY LAUNCHES MULTI-YEAR PRODUCTIVITY PROGRAM TO FUND REINVESTMENT IN BUSINESS; STREAMLINES MANAGEMENT STRUCTURE.COMPANY LAUNCHES MULTI-YEAR PRODUCTIVITY PROGRAM TO FUND REINVESTMENT IN BUSINESS; STREAMLINES MANAGEMENT STRUCTURE.QTRLY NET SALES $8,455 MILLION VERSUS $8,672 MILLION.QTRLY ADJUSTED DILUTED EARNINGS PER SHARE $2.73.Q4 EARNINGS PER SHARE VIEW $2.53, REVENUE VIEW $8.45 BILLION -- REFINITIV IBES DATA.ANNOUNCED A RESTRUCTURING THAT REDUCES COMPLEXITY OF UPPER MANAGEMENT STRUCTURE.AREAS FOR COST REDUCTION IN 2019 HAVE BEEN IDENTIFIED AND ARE REFLECTED IN GUIDANCE..BEGINNING IN 2019, COMPANY EXPECTS RESTRUCTURING ACTIONS ANNOUNCED TODAY TO GENERATE ANNUAL EXPENSE SAVINGS OF $100 MILLION.SEES 2019 COMPARABLE SALES (OWNED PLUS LICENSED) FLAT TO UP 1%.QTRLY COMPARABLE SALES OWNED BASIS UP 0.4%.QTRLY DILUTED EARNINGS PER SHARE $2.73.SEES 2019 COMPARABLE SALES (OWNED) FLAT TO UP 1%.QTRLY COMPARABLE SALES OWNED PLUS LICENSED BASIS UP 0.7%.SEES 2019 DILUTED EPS EXCLUDING SETTLEMENT CHARGES, IMPAIRMENT AND OTHER COSTS: $3.05 TO $3.25.TO ALSO CONTINUE TO EXPAND VIRTUAL REALITY FURNITURE EXPERIENCE IN 2019.FOR FISCAL 2018, COMPANY RECORDED ONE-TIME CHARGES OF APPROXIMATELY $80 MILLION PRE-TAX FOR RESTRUCTURING ACTIVITIES.MACY'S- IN Q4, WHILE CO DELIVERED POSITIVE COMPARABLE SALES AGAINST WHAT WAS A STRONG HOLIDAY SEASON IN 2017, RESULTS WERE LOWER THAN EXPECTATIONS.  Full Article

Macy's Inc - Declared Regular Quarterly Dividend Of 37.75 Cents Per Share On Common Stock
Friday, 22 Feb 2019 

Feb 22 (Reuters) - Macy's Inc ::MACY'S INC - DECLARED A REGULAR QUARTERLY DIVIDEND OF 37.75 CENTS PER SHARE ON COMMON STOCK.  Full Article

Macy's Inc Says Comparable Sales (Owned) 0.7 Pct For Nov/Dec 2018
Thursday, 10 Jan 2019 

Jan 10 (Reuters) - Macy's Inc ::MACY’S, INC. ANNOUNCES NOVEMBER/DECEMBER 2018 SALES RESULTS.MACY’S, INC. ANNOUNCES NOVEMBER/DECEMBER 2018 SALES RESULTS.REVISES ANNUAL SALES AND EARNINGS GUIDANCE DOWN.COMPARABLE SALES (OWNED) 0.7% FOR NOVEMBER/DECEMBER 2018.COMPARABLE SALES (OWNED PLUS LICENSED) 1.1% FOR NOV/DEC 2018.SEES FY COMPARABLE SALES (OWNED PLUS LICENSED) NOW UP ABOUT 2 PERCENT.SEES FY DILUTED EPS EXCLUDING SETTLEMENT CHARGES, IMPAIRMENT AND OTHER COSTS $3.95 TO $4.00.FY EARNINGS PER SHARE VIEW $4.23 -- REFINITIV IBES DATA.HOLIDAY SEASON WEAKENED IN MID-DECEMBER PERIOD AND DID NOT RETURN TO EXPECTED PATTERNS UNTIL WEEK OF CHRISTMAS.WILL CONTINUE TO TAKE NECESSARY STEPS IN JANUARY TO ENSURE A CLEAN INVENTORY POSITION AS CO ENTERS FISCAL 2019.  Full Article

Macy’s Announces Pricing Of Debt Tender Offer
Wednesday, 12 Dec 2018 

Dec 12 (Reuters) - Macy's Inc ::MACY’S, INC. ANNOUNCES PRICING OF DEBT TENDER OFFER.MACY'S INC - MACY'S RETAIL HOLDINGS, INC TO PURCHASE UP TO $750 MILLION IN AGGREGATE PRINCIPAL AMOUNT.MACY'S INC - AS A RESULT OF TENDER OFFER, CO TO RECORD A ONE-TIME PRE-TAX CHARGE OF ABOUT $28 MILLION IN Q4 OF 2018.MACY'S- TOTAL TENDER OFFER CONSIDERATION FOR SERIES OF NOTES INCLUDES EARLY TENDER PREMIUM OF $30 PER $1,000 AMOUNT NOTES ACCEPTED FOR PURCHASE BY CO.MACY'S INC - BY COMPLETING TENDER OFFER, MACY'S INTEREST EXPENSE IS ANTICIPATED TO BE REDUCED ON A FULL YEAR BASIS BY ABOUT $47 MILLION.  Full Article

Macy's Inc Files For Potential Mixed Shelf Offering; Size Not Disclosed
Friday, 7 Dec 2018 

Dec 7 (Reuters) - Macy's Inc ::MACY'S INC FILES FOR POTENTIAL MIXED SHELF OFFERING; SIZE NOT DISCLOSED - SEC FILING.  Full Article

Macy's Inc Announces Debt Tender Offer
Wednesday, 28 Nov 2018 

Nov 28 (Reuters) - Macy's Inc ::MACY’S, INC. ANNOUNCES DEBT TENDER OFFER.MACY'S INC - COMMENCED A CASH TENDER OFFER TO PURCHASE UP TO $600 MILLION IN AGGREGATE PRINCIPAL AMOUNT NOTES.  Full Article

Macy's Says Jeffrey Kantor, Chief Merchandising Officer, Has Informed Co That He Intends To Retire April 16, 2019
Wednesday, 31 Oct 2018 

Oct 31 (Reuters) - Macy's Inc ::MACY'S INC - JEFFREY KANTOR, CHIEF MERCHANDISING OFFICER, HAS INFORMED CO THAT HE INTENDS TO RETIRE APRIL 16, 2019 - SEC FILING.  Full Article

Macy's Sets Regular Quarterly Dividend Of $0.3775/Share
Friday, 26 Oct 2018 

Oct 26 (Reuters) - Macy's Inc ::SETS REGULAR QUARTERLY DIVIDEND OF $0.3775 PER SHARE.  Full Article

Macy's Sets Regular Quarterly Dividend Of $0.3775 Per Share
Friday, 24 Aug 2018 

Aug 24 (Reuters) - Macy's Inc ::SETS REGULAR QUARTERLY DIVIDEND OF $0.3775PER SHARE.  Full Article

Macy’s Inc. Q2 Earnings Per Share $0.70 Excluding Items
Wednesday, 15 Aug 2018 

Aug 15 (Reuters) - Macy's Inc ::MACY’S, INC. REPORTS SECOND QUARTER 2018 EARNINGS.SEES FY 2018 ADJUSTED EARNINGS PER SHARE $3.95 TO $4.15 EXCLUDING ITEMS.Q2 EARNINGS PER SHARE $0.70 EXCLUDING ITEMS.Q2 SALES $5.572 BILLION VERSUS I/B/E/S VIEW $5.55 BILLION.Q2 SAME STORE SALES ROSE 0.5 PERCENT.Q2 EARNINGS PER SHARE VIEW $0.51 -- THOMSON REUTERS I/B/E/S.Q2 EARNINGS PER SHARE $0.53.COMPANY RAISES ANNUAL SALES AND EARNINGS GUIDANCE..TOTAL SALES ARE EXPECTED TO RANGE FROM FLAT TO A 0.7 PERCENT INCREASE IN FISCAL 2018.COMPARABLE SALES ON AN OWNED BASIS WERE FLAT IN Q2 2018 VERSUS Q2 OF 2017.ON AN OWNED PLUS LICENSED BASIS, COMPARABLE SALES WERE UP 0.5 PERCENT FOR Q2 OF 2018.MACY'S - ADJUSTED FOR SHIFT IN SPRING FRIENDS & FAMILY PROMOTION, CO ESTIMATES COMP SALES ON OWNED PLUS LICENSED BASIS WERE UP 2.9 PERCENT FOR Q2.FY EARNINGS PER SHARE VIEW $3.87, REVENUE VIEW $24.90 BILLION -- THOMSON REUTERS I/B/E/S.MACY'S-COMPARABLE SALES ON OWNED PLUS LICENSED BASIS TO INCREASE BETWEEN 2 & 2.5 PERCENT FOR H2 2018, WHICH TRANSLATES TO FY INCREASE OF 2.1 & 2.5 PERCENT.MACY'S- FY COMPARABLE SALES ON OWNED BASIS IS CONSISTENT WITH PRIOR GUIDANCE.  Full Article

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* Eikon search string for individual stock moves: * The Day Ahead newsletter: http://tmsnrt.rs/2ggOmBi * The Morning News Call newsletter: http://tmsnrt.rs/2fwPLTh U.S. stocks were on pace for their fifth day of losses on Friday, after weak U.S. jobs data in February added to concerns over cooling global growth that was sparked by a sharp fall in China's exports and a prolonged slowdown in the eurozone. At 1:55 p.m. ET, the Dow Jones Industrial Average was down 0.56 perc