Categories AlphaGraphs, Earnings, Retail

Key highlights from Macy’s (M) Q3 2024 earnings results

Macy’s, Inc. (NYSE: M) reported its third quarter 2024 earnings results today.

Net sales decreased 2.4% year-over-year to $4.7 billion. Comparable sales were down 2.4% on an owned basis and down 1.3% on an owned-plus-licensed-plus-marketplace basis.

Net income was $28 million, or $0.10 per share, compared to $41 million, or $0.15 per share, last year. Adjusted EPS was $0.04.

Macy’s updated its guidance for fiscal year 2024. The company now expects net sales to be $22.3-22.5 billion. Comparable owned-plus-licensed-plus-marketplace sales, on a 52-week basis, are now expected to be down around 1% to flat versus the previous year. Adjusted EPS is now expected to be $2.25-2.50.

The reduction in earnings guidance caused the stock to fall over 10% in premarket hours on Wednesday.

Prior performance

Macy’s Q2 2024 earnings infographic

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

ALK Earnings: Alaska Air Group Q4 profit jumps on strong revenue growth

Alaska Air Group (NYSE: ALK) Thursday reported a sharp increase in adjusted earnings for the fourth quarter of 2024, reflecting a double-digit revenue growth. Fourth-quarter net income, adjusted for one-off items,

Key metrics from American Airlines’ (AAL) Q4 2024 earnings results

American Airlines Group Inc. (NASDAQ: AAL) reported its fourth quarter 2024 earnings results today. Total operating revenues increased 4.6% year-over-year to $13.66 billion. Net income was $590 million, or $0.84 per

MKC Earnings: Key quarterly highlights from McCormick & Company’s Q4 2024 financial results

McCormick & Company, Incorporated (NYSE: MKC) reported its fourth quarter 2024 earnings results today. Net sales increased 3% year-over-year to $1.79 billion. Organic sales increased 2% driven by volume and product mix.

Add Comment
Loading...
Cancel
Viewing Highlight
Loading...
Highlight
Close