Momentum investing is essentially an exception to the idea of "buying low and selling high." Investors following this style of investing are usually not interested in betting on cheap stocks and waiting long for them to recover. Instead, they believe that "buying high and selling higher" is the way to make far more money in lesser time.Everyone likes betting on fast-moving trending stocks, but it isn't easy to determine the right entry point. These stocks often lose momentum when their future growth potenti ...

Key PointsMacy's Q1 2024 earnings show a mixed performance, with declining sales overall but notable growth in its luxury brands.The company's "Bold New Chapter" turnaround plan focuses on closing underperforming stores, investing in remaining locations, and expanding its digital presence.Macy's faces the challenge of maintaining momentum in a climate of persistent inflation and potential economic slowdown, requiring a continued focus on strategic execution and adaptability. 5 stocks we like better than Mac ...

Economic pressures are driving shoppers to scrutinize their discretionary spending more carefully, according to Macy’s, with even high-income customers showing increased selectivity in their purchases of luxury items.On a call with analysts Tuesday (May 21) discussing the company’s first-quarter 2024 financial results, Macy’s Chairman and CEO Tony Spring noted that, amid wage and job growth, shoppers continue to feel financial pressure, prompting them to “carefully scrutinize their discretionary purchases.” ...

Macy’s, Inc. (M) has reported first-quarter fiscal 2024 results, wherein the top and bottom lines surpassed the Zacks Consensus Estimate. However, total revenues and earnings declined from the year-ago quarter’s reported figures. Comparable sales fell on an owned basis and an owned-plus-licensed basis.M shares have gained 29% in the past six months compared with the industry’s 25% growth.Sales & Earnings PictureMacy’s, currently carrying a Zacks Rank #3 (Hold), reported adjusted earnings of 27 cents per sha ...

财务数据和关键指标变化 - 第一季度净销售额为48亿美元,接近公司预期的高端 [2] - 调整后每股收益为0.27美元,超出公司预期 [2] 各条业务线数据和关键指标变化 - Macy's业务与预期一致,同店销售下降0.4%,其中首50家门店同店销售增长3.4% [11] - Bloomingdale's同店销售增长0.3%,净销售额增长0.5% [30] - Bluemercury同店销售增长4.3%,净销售额增长4% [30] 各个市场数据和关键指标变化 - 公司认为消费者在经济压力下变得更加谨慎,但公司有信心通过执行"全新篇章"战略实现盈利增长 [6][8] 公司战略和发展方向及行业竞争 - 公司正在执行"全新篇章"战略,包括加强Macy's品牌、加速奢侈品增长、简化和现代化端到端运营 [8] - 公司正在测试和实施各项举措,如提升商品、优化门店人员配置、增加门店活动等,并取得初步成效 [11][13][14] - 公司正在优化私有品牌组合,并计划在2025财年全面刷新家居私有品牌 [15][16] - 公司正在加强数字业务,包括优化客户体验、扩大Marketplace业务等 [19] - 公司正在评估新门店机会,包括Bloomingdale's和Bluemercury [9][23] 管理层对经营环境和未来前景的评论 - 管理层认为消费者在经济压力下变得更加谨慎,但公司有信心通过执行"全新篇章"战略实现盈利增长 [6][8][39] - 公司预计2024财年将是过渡和投资年,但对战略执行进度感到鼓舞 [25] 问答环节重要的提问和回答 问题1 **Matthew Boss 提问** 询问首50家门店的关键举措及其带来的影响,以及未来扩展计划 [46] **Tony Spring 回答** 公司在人员、商品、陈列和体验方面进行了多项改善,取得了良好成效,未来将审慎评估扩展计划 [47] 问题2 **Warren Cheng 提问** 询问供应商的参与度是否带来了商品组合或毛利率的影响 [53] **Tony Spring 回答** 供应商的积极参与帮助公司提升了商品差异化和全价销售,但目前仍处于早期阶段 [54] 问题3 **Dana Telsey 提问** 询问不同收入水平消费者的表现差异,以及小型门店的表现和未来计划 [78][81] **Tony Spring和Adrian Mitchell回答** 高端消费者更加谨慎,但公司正在根据不同客户需求调整商品和营销;小型门店表现良好,公司将继续扩展这一业态 [79][81]

About this content About Emily Jarvie Emily began her career as a political journalist for Australian Community Media in Hobart, Tasmania. After she relocated to Toronto, Canada, she reported on business, legal, and scientific developments in the emerging psychedelics sector before joining Proactive in 2022. She brings a strong journalism background with her work featured in newspapers, magazines, and digital publications across Australia, Europe, and North America, including The Examiner, The Advocate, ...

(Photo by Chris Hondros/Newsmakers)Getty ImagesAn embolden Tony Spring, Chairman and CEO of Macy’s, clearly defined the future by indicating that he was encouraged by the consumer’s response to Macy’s bold New Chapter strategy. In the first quarter it resulted in results near the high-end of expectation.“Our team executed with discipline and efficiency” said Tony Spring “It contributed to first quarter earnings that exceeded our expectations. At the Macy’s nameplate go-forward business performance was led ...

Macy's (M) reported $4.85 billion in revenue for the quarter ended April 2024, representing a year-over-year decline of 2.7%. EPS of $0.27 for the same period compares to $0.56 a year ago.The reported revenue compares to the Zacks Consensus Estimate of $4.84 billion, representing a surprise of +0.21%. The company delivered an EPS surprise of +50.00%, with the consensus EPS estimate being $0.18.While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they co ...

Key TakeawaysMacy's shares rose Tuesday as the retailer reported first-quarter results that declined from last year's levels, but not as much as analysts had expected.In the quarter, Macy's ended a proxy battle by appointing two new board members, and also announced a restructuring plan to close 150 locations as it looks to return to higher levels of profitability.The retailer also updated its guidance for the full fiscal year, lifting the bottom levels of the projected ranges for revenue and comparable sal ...

Retail concern Macy's Inc (NYSE:M) stepped into the earnings confessional this morning, where it reported better-then-expected first-quarter earnings and raised its full-year guidance. The department store chain said its turnaround plan was the key catalyst for its beat-and-raise.In response, M was last seen up 3.8% at $19.79. The equity is bouncing back above its contentious 60-day moving average, but the $20 mark continues to keep a lid on potential breakouts. Today's gains are also helping Macy's stock c ...