|Bid||15.32 x 3100|
|Ask||15.38 x 800|
|Day's Range||14.00 - 15.68|
|52 Week Range||12.80 - 25.12|
|Beta (5Y Monthly)||N/A|
|PE Ratio (TTM)||3.25|
|Earnings Date||Aug 21, 2023 - Aug 25, 2023|
|Forward Dividend & Yield||0.66 (4.81%)|
|Ex-Dividend Date||Jun 14, 2023|
|1y Target Est||20.46|
Department store operator Macy's (NYSE: M) is having all sorts of trouble navigating a difficult economic environment. The good news is that Macy's is still turning a profit. Through improved inventory management and operational efficiencies, the retailer has managed to prevent its gross margin from dropping despite the tumbling sales.
The major stock indexes closed higher Thursday despite some disappointing news on the consumer from Macy's and Dollar General. On Friday, all eyes will be on the May jobs report. Economists are expecting 195,000 jobs were added last month.
As the pull back in consumer spending continues to impact retailers, the Yahoo Finance Live team takes a look at shares of Macy's, Dollar General, and Nordstrom. Shifting to the auto industry, EV maker Lucid's stock dropped after announcing a new stock offering. On the AI front, C3.ai shares plunged after the company issued a disappointing outlook.
Macy's (M) reports an earnings beat in first-quarter fiscal 2023. However, sales were soft due to a comparable sales decline of 7.9% on an owned basis.
M earnings call for the period ending March 31, 2023.
High inflation and economic uncertainty has led consumers to pull back on their spending. Forrester Research Retail Analyst Sucharita Kodali explains what the impact will be on retail stocks.
U.S. stock indexes rose by midday trading on Thursday as investors cheered passage of a bill by lawmakers to suspend the nation's debt ceiling amid bets that the Federal Reserve will skip raising interest rates in its next meeting. The bill to suspend the $31.4 trillion debt ceiling headed to the Senate, which must enact the measure before a Monday deadline, when the government is expected to run out of money to pay its bills.
Weak profit forecasts from department store chain Macy's to discounter Dollar General on Thursday underscored the fragile health of the U.S. consumer as persistent inflation curbs spending. Several U.S. retailers said sales have ebbed as consumers react to higher prices for food and other essentials. Broadly, U.S. consumer spending trends showed resilience in the face of high inflation, but big-ticket purchases suffered.
Cracker Barrel's (CBRL) fiscal third-quarter performance is likely to have benefited from its off-premise business model, bundled holiday offerings and optimized marketing strategy.
Academy Sports and Outdoors (ASO) first-quarter 2023 results are likely to reflect inflation and supply-chain disruptions.
Dave & Buster's (PLAY) fiscal first-quarter performance is likely to have benefited from its Special Events business, digital initiatives and entertainment offerings.
(Bloomberg) -- Macy’s Inc. said earnings will be weaker than previously expected for the full-year, underscoring the uncertainty around US consumer spending through the remainder of 2023. Most Read from BloombergChina Is Drilling a 10,000-Meter-Deep Hole Into the EarthInside the Making of Redfall, Xbox’s Latest MisfireWall Street Banks Are Using AI to Rewire the World of FinanceDebt-Limit Deal Passes the House, Easing US Default ConcernsBillionaire Perot Warns of Real Estate Recession as Loans D
Macy's and Dollar General are feeling the pinch of U.S. consumers reining in spending amid elevated inflation and higher interest rates. Yahoo Finance Live breaks down the two retailers' earnings reports to find out what they tell us about spending.
Although the revenue and EPS for Macy's (M) give a sense of how its business performed in the quarter ended April 2023, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.
Today's top stories: The House has passed the debt ceiling bill. Traders are now betting the Fed will pause at its next meeting. Growing concern about the consumer after Macy's slashed its outlook for the entire year.
Macy's (M) delivered earnings and revenue surprises of 21.74% and 1.20%, respectively, for the quarter ended April 2023. Do the numbers hold clues to what lies ahead for the stock?
U.S. stock index futures edged higher on Thursday after the House of Representatives passed a bill to suspend the nation's debt ceiling, while investors awaited more data to determine the strength of the labor market. The bill to suspend the $31.4 trillion debt ceiling on Wednesday passed with majority support from both Democrats and Republicans and will now head to the Senate, which must enact the measure before a Monday deadline, when the government is expected to run out of money to pay its bills.
A decades-old TJ Maxx commercial promises customers “the max for the minimum price” and says the store is “never the same place twice.” WSJ explains how the off-price retailer uses consumer psychology to convince customers that they're getting a bargain.
NEW YORK, June 01, 2023--Macy’s, Inc. Reports First Quarter 2023 Results
Investing.com -- Stocks in focus in premarket trade on Thursday, June 1st. Please refresh for updates.
lululemon's (LULU) Q1 results are expected to reflect gains from continued business momentum, backed by improved traffic trends and digital growth.
The gaze of investors now turns to what the Federal Reserve may do in a few short weeks.
The top department store operator has a stronger balance sheet, better inventory management, and higher profitability than before the COVID-19 pandemic, but investors have bailed on Macy's stock anyway.