Earnings

Macy’s (M) Q4 2023 earnings

0


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

0 0 votes
Article Rating

Lowe’s (LOW) Q4 2023 earnings

Previous article

For Black workers, progress in the workplace but still a hill to climb

Next article

You may also like

Subscribe
Notify of
guest
0 Comments
Inline Feedbacks
View all comments

More in Earnings