Shares of Macy's (NYSE:M) rose 0.3% in pre-market trading after the company reported Q1 results.
Earnings per share were down 561.36% year over year to ($2.03), which beat the estimate of ($2.57).
Revenue of $3,017,000,000 decreased by 45.19% from the same period last year, which missed the estimate of $3,680,000,000.
Macy's hasn't issued any earnings guidance for the time being.
Revenue guidance hasn't been issued by the company for now.
Details Of The Call
Date: Jul 01, 2020
Time: 08:00 AM
ET Webcast URL: https://edge.media-server.com/mmc/p/bbde5fam
Recent Stock Performance
52-week high: $23.40
52-week low: $4.38
Price action over last quarter: down 49.23%
Founded in 1858, Macy's operates about 613 stores under the Macy's brand, 55 stores under the Bloomingdale's brand, and about 172 Bluemercury specialty beauty stores. Macy's also operates e-commerce sites, owns 65% of a Chinese e-commerce joint venture, and licenses two Bloomingdale's stores in the United Arab Emirates and Kuwait. Women's apparel, accessories, shoes, cosmetics, and fragrances constitute approximately 61% of Macy's sales. The retailer recently consolidated its headquarters in New York City.
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