Categories AlphaGraphs, Consumer, Earnings
Macy’s reports Q2 2023 results: Here’s what you need to know
Department store chain Macy’s, Inc. (NYSE: M) on Tuesday said its second-quarter 2023 sales and adjusted earnings declined from last year. The company also reaffirmed its guidance for fiscal 2023.
Net sales declined 8% year-over-year to $5.13 billion in the July quarter when comparable store sales, on an owned and licensed basis, decreased by 7.3%.
The weak top-line performance translated into a 74% fall in adjusted profit to $0.26 per share during the three-month period. On an unadjusted basis, it was a net loss of $22 million or $0.08 per share, compared to a profit of $275 million or $0.99 per share last year.
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
Key highlights from Carnival Corporation’s (CCL) Q3 2023 earnings results
Carnival Corporation & plc (NYSE: CCL) reported third quarter 2023 earnings results today. Revenues were $6.9 billion compared to $4.3 billion in the same period last year. On a GAAP basis,
NKE Earnings: Here’s everything you need to know about Nike’s Q1 report
Nike, Inc. (NYSE: NKE) on Thursday reported results for the first three months of fiscal 2024, reporting a modest rise in revenues. The sneaker giant reported net income of $1.45
Key takeaways from Accenture’s (ACN) Q4 2023 earnings report
Shares of Accenture plc (NYSE: ACN) were down 4% on Thursday after the company delivered mixed results for the fourth quarter of 2023 and provided full-year guidance that came below
