Macy's Q3 Earnings Miss Estimates, Comparable Sales Decline Y/Y
Macy's(M) ZACKS·2024-12-12 21:11
Macy’s, Inc. (M) reported third-quarter fiscal 2024 results, wherein the top line surpassed the Zacks Consensus Estimate but the bottom line lagged the same. Both revenues and earnings decreased from the year-ago quarter’s reported figures. Comparable sales (comps) fell on an owned-plus-licensed-plus-marketplace.Macy's strategic initiatives for fiscal 2024 focus on executing its "Bold New Chapter" strategy, which includes strengthening the Macy's brand through investments in staffing and merchandising, acce ...