Previous Close | 3.2500 |
Open | 3.2500 |
Bid | 0.0000 |
Ask | 0.0000 |
Strike | 21.00 |
Expire Date | 2024-11-15 |
Day's Range | 3.2500 - 3.2500 |
Contract Range | N/A |
Volume | |
Open Interest | 129 |
Macy’s recorded another quarter of sales declines, but not as much as Wall Street feared.
The company, which is in the process of closing 150 Macy's stores through 2026, is spending money to improve the remaining locations.
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.