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Target, TJX, Macy's Q2 Earnings Top Estimates

Target, TJX, Macy's Q2 Earnings Top Estimates

Retailers Target, TJX and Macy's reported Wednesday profits for the second quarter that topped analysts' estimates. Quarterly revenues at Target and TJX also beat estimates, while it misses by a whisker at Macy's. The improved results at the retailers were driven by gross margin expansion. Target and TJX raised its earnings guidance for the full year, while Macy's maintained its earnings outlook.
RTTNews | 125 ngày trước
Macy's Slips To Loss, Warns On FY24; To Close 150 Stores

Macy's Slips To Loss, Warns On FY24; To Close 150 Stores

Macy's, Inc. reported Tuesday a loss in its fourth quarter, compared to prior year's profit, amid weak sales. The latest results were hit by around $1 billion charge mainly related to the around 150 store closures planned as part of its newly announced strategy, A Bold New Chapter. Further, the Omni-channel fashion retailer issued fiscal 2024 outlook, expecting weak profit and sales.
RTTNews | 301 ngày trước
Macy's Q3 Results Top Estimates; Narrows FY23 Outlook Range

Macy's Q3 Results Top Estimates; Narrows FY23 Outlook Range

Omni-channel fashion retailer Macy's, Inc. (M) reported Thursday a third-quarter net income of $43 million or $0.15 per share, sharply lower than $108 million or $0.39 per share in the prior-year quarter.
RTTNews | 404 ngày trước
Macy's, Dollar General Q1 Profits Decline

Macy's, Dollar General Q1 Profits Decline

Retailers Macy's, Inc. (M) and Dollar General Corp. (DG) reported on Thursday that net profits for the first quarter declined from last year, with Macy's topping estimates, while Dollar General missed it. Net sales at both retailers missed expectations. Both Macy's and Dollar General also slashed their guidance for the full-year 2023.
RTTNews | 572 ngày trước
Best Buy, Macy's Q4 Results Top Estimates; Big Lots Slips To Loss In Q4

Best Buy, Macy's Q4 Results Top Estimates; Big Lots Slips To Loss In Q4

Retailers Best Buy Co., Inc. (BBY) and Macy's, Inc. (M) reported on Thursday profits for the fourth quarter that decreased from last year, but results for the quarter topped analysts' estimates. Meanwhile, Big Lots, Inc. (BIG) slipped to a loss, but the loss came in narrower than expectations.
RTTNews | 663 ngày trước
Macy's, Kohl's Q3 Results Top Estimates, While Children's Place Adj. EPS Missed

Macy's, Kohl's Q3 Results Top Estimates, While Children's Place Adj. EPS Missed

Omni-channel fashion retailer Macy's, department store chain Kohl's and specialty apparel retailer The Children's Place reported on Thursday that net profit for the third quarter approximately halved from last year, primarily on lower margins and higher expenses, apart from a single-digit percentage drop in net sales.
RTTNews | 768 ngày trước
Macy's To Now Bring Toys

Macy's To Now Bring Toys"R"Us Brand To Every Macy's Store In The US

Macy's, Inc. (M) announced Monday that it has expanded its partnership with WHP Global to bring the Toys"R"Us brand to every Macy's store in America this holiday season. This comes nearly a year after the expansive assortment of Toys"R"Us products were made online exclusively at macys.com/toysrus and ToysRUs.com, powered by Macy's digital and fulfillment ecosystem.
RTTNews | 890 ngày trước