Department store chain Macy’s, Inc. (NYSE: M) on Thursday said its first-quarter 2023 sales and earnings declined from last year. The company also provided guidance for fiscal 2023.
Net sales declined 7% year-over-year to $4.98 billion in the April quarter when comparable store sales, on an owned and licensed basis, decreased by 7.2%.
The weak top-line performance translated into a 48% fall in adjusted profit to $0.56 per share during the three-month period. Unadjusted net income was $155 million or $0.56 per share, compared to $286 million or $0.98 per share last year.
Looking for more insights on the earnings results? Click here to access the full transcripts of the latest earnings conference calls!
Nike, Inc. (NYSE: NKE) has long been ruling the sportswear market but the company had its share of problems when headwinds like the pandemic and economic slowdown hit the business
Shares of Electronic Arts Inc. (NASDAQ: EA) stayed green on Friday. The stock has dropped 7% over the past three months. The video game industry has been facing challenges as
Petros Pharmaceuticals, Inc. (NASDAQ: PTPI) is a pharma company focused on identifying, developing, and commercializing therapeutics for men's health issues. It operates mainly through the business segments of Prescription Medications