Macy's Financial Woes Continue as Shares, Profit and Sales Slump
Macy's financial woes continue with the company reporting a notable dip in third-quarter profits and sales, reflecting a consumer trend toward prioritizing essentials like groceries over discretionary spending.
Macy's offers a mixed outlook after reporting third quarter profit and sales declines
Macy’s is tightening financial accounting measures after completing a probe of a rogue employee who hid $151 million in delivery expenses over a span of nearly three years
Macy’s third-quarter profit and sales slide and so does its shares
Macy’s profit and sales slumped in the third quarter with many customers of the department store chain continuing to divert spending to basics like groceries as they deal with broadly higher prices.
Macy’s cuts profit outlook as sales fall in run-up to holidays
Macy’s has slashed its annual profit outlook as the US department store chain said its sales fell in the lead-up to the key holiday shopping season. The group also confirmed on Wednesday that a lone employee “falsified underlying documentation” to hide more than $150mn in delivery expenses as it concluded an investigation into an accounting lapse revealed last month.
Macy's cuts adjusted profit forecast, shares fall 7%
Macy's on Wednesday cut its annual profit forecast, as it struggles with increased promotions during the holiday shopping season amid weak demand at its eponymous stores, sending the shares of the department store chain down 7% before the bell.
Macy's shares tumble after profits and sales drop in the third quarter
Macy's shares tumble after profits and sales drop in the third quarter.
Macy's tightens financial controls after employee covered up what became a $151 million mistake
Macy's said Wednesday that it has tightened internal financial accounting measures after completing a probe of a rogue ...
Macy's accelerates store closures this year
Macy's said its accelerating the number of stores it plans to close this year as it works to turn around the struggling ...
Macy’s Pushed to Find Options for Bloomingdale’s and Bluemercury by Activist Investor
Barington Capital wants the storied retailer to spin off the two chains and get more value out of its real estate.
Macy's Lowers Annual Profit Forecast Amid Accounting Misstep, Stock Tumbles
Macy's Q3 results reveal sales of $4.74 billion, a 2.4% decline in net sales, and guidance adjustments following an ...
Macy's Stock Tumbles on Lower Sales, Resolved Accounting Probe
Macy's shares fell Wednesday morning after the company posted its delayed third-quarter earnings report and shifted its full-year outlook to adjust for the completed investigation into the accounting ...
Macy’s Reports Mixed Third Quarter Financial Results
Macy’s ( (M) ) has released its Q3 earnings. Here is a breakdown of the information Macy’s presented to its investors.Pick the best stocks and ...
A Glimpse Into The Expert Outlook On Macy's Through 4 Analysts
Providing deeper insights, analysts have established 12-month price targets, indicating an average target of $16.75, along ...
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Macy's Q3 Earnings Miss Estimates, Comparable Sales Decline Y/Y
Macy’s, Inc. M reported third-quarter fiscal 2024 results, wherein the top line surpassed the Zacks Consensus Estimate but ...