Categories AlphaGraphs, Consumer, Retail
Macy’s (M) confirms Q1 loss; expects gradual sales recovery
Retailer Macy’s (NYSE: M) posted mixed results for its first quarter of 2020. While the topline missed the market’s estimates, bottom line topped the targets. There were no change in the top and bottom line numbers from the company’s preliminary results announced on June 9. With encouraging sales in May and June, Macy’s expects a gradual sales recovery.
“We do not anticipate another full shutdown, but we are staying flexible and are prepared to address increases in cases on a regional level,” said CEO Jeff Gennette.
Macy’s stock plunged to a 52-week low ($4.38) in early April and had lost nearly 60% of its value so far this year.
Most Popular
AbbVie Q1 2025 adjusted earnings increase on 8% revenue growth; beat estimates
Biopharmaceutical company AbbVie, Inc. (NYSE: ABBV) announced first-quarter 2025 financial results, reporting an increase in revenue and adjusted earnings. The company reported worldwide net revenues of $13.3 billion for the
Colgate-Palmolive (CL) Q1 2025 Earnings: Key financials and quarterly highlights
Colgate-Palmolive Company (NYSE: CL) reported its first quarter 2025 earnings results today. Net sales decreased 3.1% year-over-year to $4.9 billion. Organic sales growth was 1.4%. Net income attributable to Colgate-Palmolive Company rose
Meta Platforms (META) set to report Q1 earnings. Here’s what to expect
After integrating artificial intelligence into its products, Meta Platforms, Inc. (NASDAQ: META) is investing heavily in the metaverse project. Yet, the tech giant has maintained healthy cash flows and consistently
