Macy's, Inc. (M) , a prominent omnichannel retailer, has seen its stock price fall 20.5% over the past three months. This decline can be due to a tougher promotional environment and ongoing pressures on discretionary spending. Investors are currently divided on whether the stock is set for further decline or if a recovery is imminent. The underperformance between Macy's and that of its peers is evident when comparing it to the Zacks Retail – Regional Department Stores industry, which saw a decline of 15.3% ...

Myriad Uranium Commences Inaugural Exploration Drill Program at the Copper Mountain Uranium Project, Wyoming, USASeptember 25, 2024 7:30 AM EDT | Source: Myriad Uranium Corp.Vancouver, British Columbia--(Newsfile Corp. - September 25, 2024) - Myriad Uranium Corp. (CSE: M) (OTCQB: MYRUF) (FSE: C3Q) ("Myriad" or the "Company") announces that it has commenced its inaugural exploration drill program at the Copper Mountain Uranium Project, in Wyoming, USA. Myriad Uranium holds a 75% earnable intere ...

A month has gone by since the last earnings report for Macy's (M) . Shares have added about 1.1% in that time frame, underperforming the S&P 500.Will the recent positive trend continue leading up to its next earnings release, or is Macy's due for a pullback? Before we dive into how investors and analysts have reacted as of late, let's take a quick look at the most recent earnings report in order to get a better handle on the important drivers. Macy's Q2 Earnings Beat Estimates, Comps Decline Y/YMacy’s has r ...

Macy’s, Inc. (M) has announced plans to hire more than 31,500 full and part-time seasonal employees for the upcoming holiday season. These positions will support operations at Macy’s, Bloomingdale’s and Bluemercury stores, as well as its distribution centers. The aim is to enhance customer experiences during the holidays by ensuring sufficient staffing across key locations.Macy’s offers a streamlined online application process, with many candidates receiving job offers within 48 hours. In addition to online ...

Macy's, Inc. (NYSE:M) Goldman Sachs 31st Annual Global Retailing Conference September 5, 2024 8:15 AM ET Company Participants Tony Spring - Chairman and Chief Executive Officer Adrian Mitchell - Chief Operating Officer and Chief Financial Officer Conference Call Participants Brooke Roach - Goldman Sachs Brooke Roach Good morning, everyone, and welcome to Day Two of our Goldman Sachs Global Retailing Conference. My name is Brooke Roach. I cover the apparel accessories and branded discretionary goods sector h ...

会议主要讨论的核心内容 - 公司在2022年第二季度的业绩表现 [4][5] - 公司新推出的"Bold New Chapter"战略计划的进展情况 [10][11][12][13][14] - 公司首50家重点改造门店的具体变化和成效 [20][21][22][23][24][25][26][27] - 公司加速关闭低效门店的策略及其对客户的影响 [29][30] - 公司奢侈品业务的表现及其对宏观环境的反应 [32][33][34][35] - 公司对于核心消费者需求变化的应对措施 [37][38][39] - 公司库存管理和定价策略的调整 [41][42][43][50][51][52] - 公司毛利率的变化趋势及其影响因素 [57][58][59] 问答环节重要的提问和回答 - 分析师询问公司"Bold New Chapter"战略的具体执行情况及其实现目标的可行性 [9][15][16][17][18] - 分析师询问公司首50家重点改造门店的EBITDA贡献情况 [19][25][26][27] - 分析师询问公司加速关闭门店的具体措施及其对客户的影响 [28][29][30] - 分析师询问公司奢侈品业务的表现及其对宏观环境的反应 [31][32][33][34][35] - 分析师询问公司对于核心消费者需求变化的应对措施 [36][37][38][39][40] - 分析师询问公司库存管理和定价策略的调整 [40][41][42][43][50][51][52] - 分析师询问公司毛利率的变化趋势及其影响因素 [56][57][58][59]

财务业绩 - 公司2024财年第二季度净销售额为49.37亿美元，同比下降3.8%[76] - 公司2024财年第二季度自有加授权加市场销售同比下降3.3%[76] - 公司2024财年第二季度毛利率为40.5%，同比提升240个基点[79] - 公司2024财年第二季度营业利润为2.22亿美元，占总收入4.4%[74] - 公司2024财年第二季度每股摊薄收益为0.53美元[74] - 公司2024财年第二季度EBITDA为4.39亿美元[74] - 公司2024财年第二季度调整后EBITDA为4.38亿美元[74] - 2024年前26周净销售额为97.83亿美元，同比下降3.3%[85] - 2024年前26周毛利率为39.9%，同比提升90个基点[87] - 2024年前26周销售、一般及管理费用占总收入的38.5%，同比上升[88] 其他收入 - 公司2024财年第二季度信用卡收入净额为1.25亿美元，占净销售额2.5%[78] - 公司2024财年第二季度Macy's Media Network收入为3400万美元，占净销售额0.7%[78] 费用 - 公司2024财年第二季度销售、一般及管理费用为19.73亿美元，占总收入38.7%[80] - 2024年前26周净利息费用为6.2亿美元，同比下降[90] 税收 - 2024年第二季度和2023年第二季度的有效税率分别为23.1%和26.7%，主要受州税和地方税的影响[82] - 2024年前26周有效税率为27.4%，高于21%的联邦所得税法定税率[92] 资产负债表 - 公司维持健康的资产负债表和投资级信用指标，并通过预期股息和股票回购向股东返还资本[95] - 公司截至2024年8月3日和2024年2月3日共有30.07亿美元的高级无担保票据和高级无担保债券[103] - 公司截至2024年8月3日和2024年2月3日的资产负债表数据[104,105] 其他 - 2024年第二季度资产出售收益主要来自出售一家梅西百货门店[81] - 2024年第二季度无需进行结算会计处理，而2023年第二季度确认了1.22亿美元的非现金结算费用[81] - 2024年第二季度净利息费用下降主要由于投资收益增加[81] - 公司解释了使用非GAAP财务指标的原因和方法[108,109] - 公司2023年7月29日和2024年8月3日13周和26周的可比销售变化情况[113,114,115,116,118] - 公司2024年8月3日和2023年7月29日13周和26周的EBITDA和调整后EBITDA[121,122] - 公司2024年8月3日和2023年7月29日13周和26周的调整后净收益和调整后每股收益[124,125] - 2023年第二季度净利润为2.26亿美元，每股摊薄收益为0.80美元[126] - 2022年第二季度净利润为2.28亿美元，每股摊薄收益为0.82美元[126] - 2023年第二季度报告中不再将商品存货列为关键会计估计,这是由于从LIFO RIM转为LIFO成本的存货估值方法变更[127] - 公司市场风险敞口未发生重大变化,详见2023年10-K报告中的市场风险披露[128]

Shares of Macy's, Inc. (M) have come under significant pressure following its second-quarter fiscal 2024 earnings results on Aug 21. On the day of the announcement, the stock of this New York-based retailer tumbled 12.9%, led by a disappointing sales performance that compelled management to lower its fiscal 2024 outlook, dampening investor sentiment.As consumer spending on non-essential items weakens, Macy's, which is heavily reliant on discretionary spending, reported a 3.8% year-over-year revenue decline ...

Guidance cuts didn't do the company any favors with investors.Sometimes it just isn't enough for a company to beat analyst estimates when it publishes quarterly earnings reports. At first glance, Macy's (M 5.21%) second quarter looked rather good, especially since the famous retailer topped the consensus projections for both revenue and profitability.But that earnings news wasn't all good, and quite a few investors traded out of the stock. According to data compiled by S&P Global Market Intelligence, across ...

J. Michael Jones Introduction The department store Macy's, Inc. (NYSE:M) management may be beginning to regret their decision to call off takeover talks with Arkhouse Management, who offered to buy all outstanding shares for $24.80. With the shares now trading over 35% below the offer value, having fallen another 9% following earnings, the missed opportunity is glaring. Although the earnings headline numbers appeared all right, with earnings per share coming in ahead of expectations, revenue below conse ...