AllAnalyst Report
logoArgusDecember 02, 2020

Macy's, Inc.: Narrowing FY21 loss estimate

Consumer Cyclical
Current Price
Price Target
Earnings Estimate

Macy's Inc., which changed its name from Federated Department Stores Inc. in 2007, operates department stores under the names Macy's and Bloomingdale's. The company has offices in Cincinnati and New York. The full company operates about 840 stores including outlets, 171 Bluemercury makeup stores, and 34 Bloomingdale's stores. The company has closed 93 stores over the last three fiscal years and plans to close another 125 in FY21 - FY23. Sales in FY19 totaled $24.6 billion. Approximately 61% of sales come from feminine apparel, accessories, shoes and cosmetics. The men's and children's businesses represent a combined 23% of sales, and home/miscellaneous about 16%. The company's fiscal year ends on the Saturday closest to January 31.

Subscribe to Yahoo Finance Premium for full access
Read the latest independent research including analyst forecasts, ratings on the US economy, and more. Get individual company and overall sector level recommendations.
Try Premium FREE

Analyst Profile

Chris Graja, CFA

Senior Analyst: Retail
Chris covers the Consumer sector for Argus. He was the #1 Stock Picker in the Household Durables sector, winning the 2019 StarMine U.S. Analyst award from Refinitiv. He was the #1 Stock Picker in Food and Staples Retailing, winning back-to-back U.S. Analyst Awards in 2015 and 2016. He received a prestigious Volunteer of the Year award from the New York Society of Security Analysts in 2000. Prior to Argus, Chris spent 16 years at Bloomberg Financial Markets. He was the Director of Training and a Senior Researcher for Bloomberg’s research division before joining the new Bloomberg magazine as Technical Studies Editor in 1993. He rose to Executive Markets Editor of the publishing group. Chris co-authored the book “Investing in Small-Cap Stocks,” which was published in three U.S. editions, an audio book, and two Chinese editions. Chris earned an MBA from Rutgers University. He is a CFA charterholder.