Previous Close | 1.4500 |
Open | 1.4500 |
Bid | 0.0000 |
Ask | 0.0000 |
Strike | 19.00 |
Expire Date | 2024-09-20 |
Day's Range | 1.4500 - 1.4500 |
Contract Range | N/A |
Volume | |
Open Interest | 227 |
Macy’s recorded another quarter of sales declines, but not as much as Wall Street feared.
Macy's sales and profits fell during the first quarter as higher costs and other financial challenges had customers pulling back on spending. Macy's, which also operates upscale Bloomingdale's and Bluemercury beauty chains, reported earnings of $62 million, or 22 cents per share for the quarter ended May 4. Adjusted per share earnings were 27 cents, much better than the 16 cents that Wall Street was looking for, according to a survey by FactSet.
Department store chain Macy’s (NYSE:M) reported Q1 CY2024 results exceeding Wall Street analysts' expectations, with revenue down 3.3% year on year to $5 billion. The company expects the full year's revenue to be around $22.6 billion, in line with analysts' estimates. It made a non-GAAP profit of $0.27 per share, down from its profit of $0.56 per share in the same quarter last year.