Categories AlphaGraphs, Retail

Macy’s (M) Q3 Earnings: Key financials and quarterly highlights

Macy’s, Inc. (NYSE: M) reported third quarter 2020 earnings results today.

Net sales totaled $3.9 billion compared to $5.1 billion in the same period last year.

Comparable sales were down 21% on an owned basis and down 20.2% on an owned plus licensed basis.

The company reported a GAAP net loss of $91 million, or $0.29 per share, compared to a net income of $2 million, or $0.01 per share, last year. Adjusted net loss was $60 million, or $0.19 per share.

Prior performance

Macy's Q2 2020 earnings infographic.

Looking for more insights on the earnings results? Click here to access the full transcripts of the latest earnings conference calls!

Most Popular

Earnings calendar for the week of March 8

On the heels of lawmakers moving closer to passing the stimulus bill, inflations concerns gripped the market after Federal Reserve chief Jerome Powell at a meeting said the reopening would

Why Costco’s (COST) growth prospects might depend on beating costs, digital lag

Though the retail boom triggered by the pandemic was estimated to be short-lived initially, the shopping spree continued as customers stocked up on essential items, concerned about the persistent market

Gap (GPS) hopes to see a favorable recovery by the second half of 2021

Shares of Gap Inc. (NYSE: GPS) were up 5.8% in afternoon hours on Friday. The stock has gained 103% over the past 12 months. Gap reported mixed results for the

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