Categories AlphaGraphs, Consumer, Earnings
Earnings: Macy’s (M) Q2 2024 adjusted profit jumps despite lower sales
Macy’s, Inc. (NYSE: M) on Wednesday reported a sharp increase in adjusted earnings for the second quarter of 2024 when the department store chain’s sales decreased 4%.
Net sales decreased 4% year-over-year to $4.94 billion in the July quarter. Comparable sales were down 4% on an owned basis and down 3.3% on an owned-plus-licensed-plus-marketplace basis.
Adjusted earnings more than doubled to $0.53 per share in the second quarter. Net income was $150 million or $0.53 per share in Q2, compared to a loss of $22 million or $0.08 per share last year.
Prior Performance
Listen to the conference calls as they happen. Don't miss a beat! With AlphaStreet Intelligence, you can listen to live calls and interviews as they happen, so you never have to worry about missing out on important information.
Most Popular
Key highlights from Hewlett Packard Enterprise’s (HPE) Q1 2025 earnings results
Hewlett Packard Enterprise (NYSE: HPE) reported its first quarter 2025 earnings results today. Revenue was $7.9 billion, up 16% year-over-year and 17% in constant currency. Net earnings attributable to common
AVGO Infographic: Broadcom Q1 2025 revenue and earnings beat estimates
Semiconductor company Broadcom, Inc. (NASDAQ: AVGO) reported higher revenue and adjusted earnings for the first quarter of 2025. The numbers also surpassed Wall Street's expectations. Earnings, excluding special items, increased
Macy’s (M) Q4 2024 Earnings: Key financials and quarterly highlights
Macy’s Inc. (NYSE: M) reported its fourth quarter 2024 earnings results today. Net sales decreased 4.3% year-over-year to $7.8 billion. Comparable sales were down 1.1% on an owned basis and
