Categories AlphaGraphs, Consumer, Earnings
Macy’s reports Q3 2023 results: Here’s what you need to know
Department store chain Macy’s, Inc. (NYSE: M) on Thursday said its third-quarter 2023 sales and adjusted earnings declined from last year. The company also provided guidance for fiscal 2023.
Net sales declined 7% year-over-year to $4.86 billion in the October quarter when comparable store sales, on an owned and licensed basis, decreased by 6.3%.
The weak top-line performance translated into a 60% fall in adjusted profit to $0.21 per share during the three-month period. On an unadjusted basis, net income was $43 million or $0.15 per share, compared to $108 million or $0.39 per share last year.
Prior Performance
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
Earnings Preview: What to look for when Netflix (NFLX) reports Q4 2025 results
Netflix, Inc. (NASDAQ: NFLX) is expected to report Q4 results on January 20, amid expectations for strong revenue and earnings growth. The company is navigating a shifting streaming landscape where
What to look for when United Airlines (UAL) reports its Q4 2025 earnings results
Shares of United Airlines (NASDAQ: UAL) stayed red on Thursday. The stock has gained 15% over the past three months. The airline is scheduled to report its earnings results for
Infographic: How Constellation Brands (STZ) performed in Q3 2026
Constellation Brands, Inc. (NYSE: STZ) reported net sales of $2.22 billion for the third quarter of 2026, down 10% year-over-year. Organic net sales were down 2%. Net income attributable to
