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
Looking for more insights on the earnings results? Click here to access the full transcripts of the latest earnings conference calls!
Most Popular
Earnings reports to watch for the week of Nov. 30
The recent optimism about economic recovery waned slightly this week after jobless claims increased more-than-expected to about 778,000 amid concerns over a resurgence in coronavirus cases. With the healthcare system
Yunji Inc. (YJ) Q3 2020 Earnings Call Transcript
Yunji Inc. (NASDAQ: YJ) Q3 2020 earnings call dated Nov. 26, 2020 Corporate Participants: Kaye Liu -- Investor Relations Director Shanglue Xiao -- Chairman of the Board of Directors and Chief Executive Officer Chen
Huge AWS outage affects a wide range of applications
Amazon Web Services (AWS), a leading cloud computing platform, went down in the morning hours of Wednesday. Many applications – including Anchor, Adobe Spark, Flickr, SiriusXM and Roku reported disruption