Macy’s (M) Q4 2023 earnings


The Macy’s logo is seen at its store in Herald Square in New York City on Jan. 19, 2024.

Michael M. Santiago | Getty Images

Macy’s on Tuesday said sales fell nearly 2% in the holiday quarter, as the 166-year-old department store operator unveiled its strategy to get back to growth. 

Here’s what Macy’s reported for the fourth quarter compared with what Wall Street was expecting, based on a survey of analysts by LSEG, formerly known as Refinitiv:

  • Earnings per share: $2.45 adjusted vs. $1.96 expected
  • Revenue: $8.12 billion vs. $8.15 billion expected

Macy’s — which includes its namesake banner, Bloomingdale’s and Bluemercury — said it expects sales to remain stagnant. It projected net sales…

Source cnbc.com

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