|Bid||38.0600 x 900|
|Ask||38.1400 x 800|
|Day's Range||37.6300 - 39.3000|
|52 Week Range||17.4100 - 41.9900|
|PE Ratio (TTM)||7.29|
|Earnings Date||Nov 14, 2018|
|Forward Dividend & Yield||1.51 (3.79%)|
|1y Target Est||35.46|
Yahoo Finance's Jared Blikre joins Alexis Christoforous from the floor of the New York Stock Exchange to break down the latest market moves.
Macy's earnings and the July report on retail sales will be highlights for investors on Wednesday as a busy week for the retail industry rolls on.
Macy’s reported a slight drop in net sales in the latest quarter as the retailer tried to strengthen its bricks-and-mortar business with store remodels and off-price locations.
Macy's reported EPS at 53 cents compared with an estimate of 50 cents. "After a very positive start to the year, the shine seems to have worn off Macy's second-quarter sales numbers," GlobalData Retail managing director Neil Saunders said in a note Wednesday. Macy's on Wednesday also raised guidance for fiscal 2018 and now expects adjusted earnings per diluted share of $3.95 to $4.15, excluding anticipated settlement charges related to the company's defined benefit plans as well as impairment and other costs.
Macy's raised its annual profit forecast as the department store reported an unexpected increase in a key sales measure. The Cincinnati department store chain has now reported its third straight quarter of higher sales at existing stores after a three-year slump, though the sales momentum slowed. The report offered encouraging news for other department stores, which are aiming to reinvent themselves as shoppers move increasingly online.
Will Kohl’s Second-Quarter Results Meet Wall Street Expectations? As of August 13, Kohl’s stock price is up 40.9% on a YTD (year-to-date) basis. Kohl’s stock has been rising as its strategic initiatives gain traction.
Macy’s dropped in pre-market trade on Wednesday despite lifting its full-year sales guidance against a backdrop of strong US economic growth and consumer spending. For the three months to July 29, Macy’s sales dropped 1.1 per cent from a year ago to $5.572bn, while net income attributable to shareholders rose to $166m from $111m a year ago. Comparable sales posted a small 0.5 per cent advance from a year ago, versus the small decline that analysts had been expecting.
CINCINNATI (AP) _ Macy's Inc. (M) on Wednesday reported fiscal second-quarter net income of $166 million. On a per-share basis, the Cincinnati-based company said it had profit of 53 cents. Macy's expects full-year earnings in the range of $3.95 to $4.15 per share.
Macy's Inc on Wednesday reported a surprise rise in quarterly same-store sales, topping estimates for the third straight quarter, boosted by strong performance across its businesses. The company's stock ...
Cincinnati-based department store giant Macy's Inc. beat Wall Street's expectations for the second quarter of 2018, though sales for the quarter were flat.
Macy’s Inc. has some momentum, but investors are spooked by the cost of maintaining it. Although the department-store chain posted same-store sales that beat estimates and boosted its earnings and sales guidance, the stock tumbled as much as 7.2 percent -- a sign that retailers still face deep pessimism on Wall Street. Macy’s has been spending to win back shoppers by offering discounts and cutting back on unnecessary inventory.